Job Description

Job Summary

Main job tasks and responsibilities:

• Obtaining latest values from companies and knowing the different products.
• Completion of New Business applications and processing thereof
• Drafting and emailing New Business letters to clients
• Following up on Underwriting requirements re: Risk new Business applications
• Processing Conversions
• Handling New Business Transfers
• Investment Ad hoc applications and switches/rebalances
• Obtaining Outstanding FICA and savings Compliance
• Updating of portfolios once the new business/alterations issues - accuracy in data/value capturing. Attention to detail is very important as company will be held liable if incorrect amounts are quoted.
• Updating registers (New business, transfer and investment registers, compliance registers, etc.)
• Drafting and sending out of Final letters to client i.t.o. new business issued or finalized instructions
• Communication with clients (written and verbal)

Required Skills

• Life Insurance Experience: 2 to 3 years

Education / Experience / Knowledge required:

• Grade 12 qualification
• RE5 examination
• Full Financial / Insurance Qualification advantageous
• Be Fully bilingual (English & Afrikaans)
• Computer skills and knowledge (especially of Word, Excel, Outlook, Internet)
• Knowledge of operation of standard office equipment
• Knowledge of clerical and administrative procedures and systems, such as filing and proper record keeping
• Knowledge of principles and practices of basic office/administrative management
• Life Assurance products - Know the different types of insurance products, limits and restrictions.
• Tax implications and benefits - How tax will be applied in the event of retirements / death / disability / fringe benefits (and when benefits will be tax deductible).
• Investments - Know and understand how to read market movements and fluctuations, income revisions and portfolio rebalances and / or switches).
• Commission structures - Different commission applies to different products therefore it is vital that the correct commission is applied. Know the difference between the maximum and minimum on each product

Please consider your application unsuccessful if you have not received a response within two weeks of applying

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