Thursday, 3 November 2016

Graduates: Policy Renewal Officer at Fosad Consulting Ltd

Fosad Consulting Ltd - Our client, a non-banking financial service institution is looking to hire a highly intelligent, young and dynamic professional with integrity to fill the role of Policy Renewal Officer (PRO).

Job Title: Policy Renewal Officer (PRO)

Description
  • Process applications for, changes to, reinstatement of, and cancellation of insurance policies. 
  • Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, 
  • Changing policy records to conform to insured party's specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, 
  • Canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.
Responsibilities
  • Interview policy holders and take their calls to provide customer service and obtain information on claims.
  • Process, prepare, and submit business or government forms, such as submitting applications for coverage to insurance carriers.
  • Process and record new insurance policies and claims.
  • Correspond with insured or agent to obtain information or inform them account status or changes.
  • Organize and work with detailed office or warehouse records, maintaining files for each policyholder, including policies that are to be reinstated or cancelled.
  • Review and verify data, such as age, name, address, and principal sum and value of property on insurance applications and policies.
  • Collect initial premiums and issue receipts.
  • Modify, update, and process existing policies and claims to reflect any change in beneficiary, amount of coverage, or type of insurance.
  • Transcribe data to worksheets and enter data into computer for use in preparing documents and adjusting accounts.
  • Notify insurance agent and accounting department of policy cancellation.
  • Calculate premiums, refunds, commissions, adjustments, and new reserve requirements, using insurance rate standards.
  • Examine letters from policyholders or agents, original insurance applications, and other company documents to determine if changes are needed and effects of changes.
  • Compare information from application to criteria for policy reinstatement and approve reinstatement when criteria are met.
  • Obtain computer printout of policy cancellations or retrieve cancellation cards from file.
  • Compose business correspondence for supervisors, managers and professionals.
  • Check computations of interest accrued, premiums due, and settlement surrender on loan values.
Qualifications
  • B.Sc in Insurance, Business Administration or any related field.
  • One year experience in a similar role
Note: Only qualified candidates will be contacted.

Location: Lagos

APPLY HERE


0 comments:

Post a Comment