Junior Portfolio Administrator at Export Credit Insurance Corporation of South Africa Soc Ltd (ECIC)

PURPOSE OF THIS ROLE

• The Junior Portfolio Administrator provides administration support in the implementation of insurance portfolio management, with emphasis on administration of the export credit incentive scheme, administration of drawdown, premium invoicing and collection, accurate and timely information on the performance of projects supported by ECIC, with emphasis on portfolio analysis and monitoring compliance to the ECIC insurance policies and highlighting risk changes. The activities of this job contribute towards the achievement of monthly deliverables according to the objectives as set out in the Unit strategic and operational plan.

KEY ACCOUNTABILITIES, MEASURES & INTERFACES

• Calculate premium and confirm principle with the insured.
• Liaise with the finance unit to ensure timely invoicing of premiums.
• Ensure timely collection of premium; and calculate penalty interest.
• Set-up the provisional draw down profile, verify drawdowns against bank declaration and update repayment profile.
• Monitor and follow-up policy declarations according schedule repayments.
• Collect input for and calculation IMU rates, monthly.
• Publish IMU quotation, monthly.
• Process IMU claims and ensure timely payments.
• Prepare monthly IMU cashflow and reconcile against payments.
• Assist with ad-hoc PMWU activities and enquiries, where required.
• Monthly reporting to Actuarial Unit and Finance Unit
• Quarterly reporting to the Actuarial Unit, Finance Unit, and Risk Unit
• Monitor SA content achieved by processing SA content declarations.
• Prepare a multi-year exposure forecast provided to the National Treasury for ECIC’s Contingent Liability, annually.
• Prepare presentations and reports to ECIC stakeholders, including Berne Union, Prague Club and BRICS ECAs.
• Prepare annual premium budget and monitor budget variances quarterly.
• Perform portfolio monitoring and identify potential adverse information.
• Facilitate the processing of waiver and contract amendment requests.
• Prepare and present recommendations on contract and debt restructuring.
• Prepare quarterly management reports for EXCO and Board.

Key Measures

• Accurate calculation of premium and IMU claims.
• Timely collection of premiums.
• Clients adherence to declarations obligations.
• Raise adverse information timely.
• Accurate portfolio information.
• Clients’ adherence to insurance policy reporting obligation.
• Mitigation of default risk
• Monitor and restructure projects in distress.

Key Interfaces

• PMWU peers, ECIC Executives and Managers;
• Other business units particularly Marketing and stakeholder management, Legal Unit, ICT Unit, Risk Management Unit, Underwriting Unit and PEAR.
• Insured lenders and investors.
• Exporters.

QUALIFICATIONS & EXPERIENCE

• A Bachelor’s degree in Accountancy, Finance, or related qualification.
• 3 years working experience in the financial services industry.
• FIAS accreditation would be an added advantage

SKILLS & ABILITIES

The incumbent should have demonstrated the following competencies:

• Genuine commitment to highest ethical standards
• Skill in Microsoft Office applications
• Ability to communicate clearly and professionally both verbally and in writing;
• Problem solving skills to identify issues and present creative and practical solutions;
• Ability to work independently
• Strict attention to detail and deadline orientated;

BEHAVIOURAL COMPETENCIES

The incumbent is required to have the following behavioral competencies:

• Problem Solving: Demonstrates adequate problem-solving skills and appropriately applies proven solutions.
• Business Acumen: Develops and uses a strategy to target own time (and time of others) on a portfolio of customers to maximize revenue and profitability.
• Delivery: Translates business objectives into practical, prioritised and organised action plans; ensures plans are safely and successfully implemented.
• Conflict Resolution: : Identifies and pushes for solutions in which all parties can benefit.
• Team Participation: Consistently offers relevant input to team discussions as issues are being clarified and solutions are being developed.
• Flexibility: Available to work more than ordinary business hours.