
Administrative Professional
2 days ago
The role of the Insurance Administrator revolves around timely and accurate processing and reconciliation of Premium, Claims, and related transactions to support clients, reinsurers, and claim handlers' reporting and cash flow management.
This position will be part of a small highly specialised team.
Responsibilities:- Contact person for several portfolios within the Group as well as Third Party clients.
- Complete premium validation checks for Annual Plan, Quarterly forecasts, and Year-end figures.
- Process and complete all aspects of premium and commission invoicing and assistance with resolving relevant data queries or issues.
- Process and complete all aspects of claims, other program costs and claims handling invoices in line with end-to-end process.
- Process and complete Insurance Premium Tax (IPT) payments.
- Ensure all received from outsourced service provider under SLA and IPT deadlines in line with end-to-end process.
- Manage relationship with Tax services outsourcing provider.
- Provide support with Reinsurance tasks i.e. Claims reporting.
- Support Budgeting and Reforecast activities.
- Control of monthly, quarterly, and annual returns completed by fiscal representative together with proof of payments.
- Prepare reconciliations within set timeframes for both Claims Paid and Claims Fees.
- Identify and investigate reconciliation differences for correction – focus given to attention to detail when compiling submission.
- Identify candidates for Reverse Billing in conjunction with the Claims department.
- Input to Regulatory reporting as required.
- Regular review and update of documentation and on SharePoint.
- Adhere to operational processes and procedures and identify areas for improvement in current procedures and make recommendations.
- Develop key relationships with Business Partners and maintain appropriate contact logs.
- Any other tasks or projects as required.
- 2-4 years of experience in the Insurance industry, particularly Motor insurance would be beneficial.
- Excellent working knowledge of Microsoft Office is essential, in particular Microsoft Excel.
- Third-level qualification in Business, Finance, Analytics, Maths, Science or Insurance is preferred.
- Attention to detail and ability to take ownership of key activities.
- Excellent analytical skills with a high degree of accuracy.
- Ability to prioritise work to meet transaction and reporting deadlines.
- Being proactive and ability to work on own initiative.
- Team player who will play an important role as part of a small highly specialised team.
- Proven ability to build and maintain relationships.
- Very good verbal and written communication skills.
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