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Treaty Accounts Technician

1.00 to 10.00 Years   Riyadh, Saudi Arabia   03 Sep, 2021
UIB SAUDI
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryInsurance & TPA
Functional AreaNot Mentioned

Job Description

Overall Role:Responsible for; Processing and administration of proportional treaty accounts, premium adjustments, and XL claims in accordance with slip conditions and UIB procedures, including credit control.Key Accountabilities/Core Competency Indicators:Treaty Accounts Processing

  • Process proportional treaty accounts and premium adjustments in accordance with the slip conditions and UIB procedures.
  • Maintain reconciliations of technical accounts in accordance with UIB procedures
  • Monitor/review technical position of treaty accounts and premium adjustments in accordance with UIB procedures.
XL Claims
  • Process excess of loss claims/reinstatements from first advice and settlement in accordance with the slip conditions and UIB procedures.
  • Administer claim until closed in accordance with UIB procedures.
Credit Control
  • Monitor/review associated business entities balances in accordance with UIB procedures.
  • Control collections and transfer of funds to/from associated business entities in accordance with UIB procedures.
Communication
  • Action to all internal/external enquires and query resolution in accordance with UIB procedures
  • Liaise with the Account Executive/Accounts Department, if/where necessary, where there is a common interest and/or account query resolution required.
Management Information/Support
  • Produce and/or analyze premium/brokerage/claims/renewal and other statistics as may be required by Line Manager/Division.
  • Inform/update Line Manager/Division of potential technical/financial problematical issues that may arise.
  • Maintain/review common files/spreadsheets for reporting purposes.
  • Assist Line Manager/Division, where required, with any projects that may arise.
  • Contribute to the wellbeing of the Division.?????
File Management
  • Ensure that correspondence, file notes, documentation, statistic etc. are retained on paper and electronic files, to demonstrate a complete audit trail, in accordance with UIB procedures.
  • Record/monitor movement of files and store in accordance with UIB procedures.
Compliance/Corporate Governance
  • Legal, market, regulatory and Best Practice Manual requirements are met in all aspects of business acquisition, placing, claims and servicing.
  • High technical standards are maintained to achieve quality, minimal rework and minimal E & O exposure.
  • Maintain confidentiality in systems and procedures.
  • Financial & document checks and subsequent approval process is handled in accordance with UIB?s Authorised Signatory List.
  • Supports the introduction of new processes in response to regulatory changes.
  • Identifies and reports suspicious financial circumstances or transactions directly to UIB?s Money Laundering Reporting Officer
General
  • At all times behave in a way that upholds and promotes the good name and reputation of UIB Group
  • Deal honestly and fairly with colleagues, clients, and others within the insurance profession
  • Take responsibility for own learning and development.?Keep up-to-date with best practices and legal developments relating to your own field of expertise.?To meet all external and internal training requirements.

Keyskills :

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