Group Scheme Analyst at Old Mutual South Africa

Detailed Description

Analysis Of Scheme In Terms Of PPM

Identify policies within a scheme that require action in terms of PPM category which includes

• Increase at renewals
• Once of increases as per PPM methodology
• Multi claimant action
• Post loss action

Monthly monitoring PPM actions / audits of actions

Maintain data of schemes at policy level in format provided

Maintain legal contracting relationship

Ensure all binders have been signed and updated/maintained via the CMS System

Ensure all deliverables in terms of the binder agreement have been received, verify fee register.

 Where necessary ensure that fee’s are recouped/recovered/ adjusted for non performance by schemes administrator/broker.

Provide financial insights and commentory to management for portfolio

Engage with all portfolio team member to provide feedback/communicating in terms of;

• New business for the month , placed on cover.
• Renewals-->volumes of renewals + increases/received premiums
• Cancelled business.
• Profitability relating to the claims experience; commission motor nonsplit and management fee.
• Volume metric: # of policies avg premium.

Non financial commentary/feedback of schemes with the portfolio ie. status of contracts; performance in terms of binder; scheme business plan.

Job Requirements

• Grade 12
• Appropriate Insurance Qualification
• 2 -3 years in Short term Insurance
• Computer literate

Experience In Group Scemes Would Be a Benefit.