Overview
Facultative Administrator – Johannesburg, 2196
Responsibilities
Facultative Administrator
Do you have accounting experience? Ready for the next step in your reinsurance career? Read on!
Aon Re Africa is hiring a Facultative Administrator, this is a hybrid role with the flexibility to work both virtually and from our head office in Sandton.
The role of the facultative administrator is to provide support to the brokers in reinsurance accounting and administration functions through understanding and analyzing terms and conditions, processing and reconciling all accounts. This role also provides sufficient and professional reinsurance claims administration and collection services nationally as well as internationally for reinsurance facultative clients.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive team, and we are passionate about helping our colleagues and clients succeed.
What the day will look like
- Obtain and understand relevant supporting documentation (i.e. terms and conditions of the cover note).
- Extract relevant information from cover note and load information on the system.
- Be aware of timeframes and deadlines involved in area of responsibility.
- Analyze respective incoming accounts from clients to determine requirements and subtitles of the contract in relation to the accounts and identify anomalies.
- Process and reconcile accounts.
- Identify if premium is proportional or non-proportional and process accordingly.
- Submit respective documentation (invoices etc.) to relevant clients and Reinsurers.
- Ensure timeous collection of respective funds and check receipt thereof.
- Submit outstanding statement and respective reconciliation to Finance and match with cash received.
- Check and ensure that all matching is done and paid out correctly.
- Ensure cash calls are received.
- Attend to and resolve queries timely.
- Follow up outstanding balances from clients and/ or Reinsurers.
- Reconcile balances and payments made and pay or refund accordingly.
- Provide age analysis and SLA audit reports to management.
- Build and maintain effective relationships with all key stakeholders.
- Responsible for engaging in business development and/or contributing directly or indirectly to all business development efforts in Aon South Africa.
Skills and experience that will lead to success
Qualifications.
- Grade 12 (matric).
- A diploma or degree in accounting or financial management.
- Must be registered with the FSCA in terms of the FAIS Act.
Knowledge.
- Knowledge of relevant legislation.
- Knowledge and understanding of insurance and reinsurance with specific knowledge of facultative.
- Knowledge of reinsurance accounting.
- Knowledge of relevant systems, e.g. RBS, GRiDS.
Skills and Attributes.
- Well-developed analytical technical and problem-solving skills.
- Digital literacy with advanced experience in MS Word and Excel.
- Well-developed business and financial skills and acumen.
Experience.
- Have a minimum of 2 to 3 years’ general accounting experience.
- Experience in reinsurance accounting will be a distinct advantage.
How we support our colleagues
In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.
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