Technical Accounts Administrator
Do you have a great reinsurance knowledge? Looking to advance your career? Read on!
Aon RE is hiring a Technical Accounts Administrator, this is a hybrid role with the flexibility to work both virtually and from our head office in Sandton.
The role of the Technical Accounts Administrator is to provide support to the brokers in reinsurance accounting and administration functions through understanding and analyzing terms and conditions, processing and reconciling all accounts.
Aon is in the business of better decisions
At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.
As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
What the day will look like
- Obtain and understand relevant supporting documentation (i.e. terms and conditions of the cover note).
- Extract relevant information from cover note and load information on the system.
- Be aware of timeframes and deadlines involved in area of responsibility.
- Analyse respective incoming accounts from clients to determine requirements and subtitles of the contract in relation to the accounts and identify anomalies.
- Process and reconcile accounts.
- Identify if premium is proportional or non-proportional and process accordingly.
- Submit respective documentation (invoices etc.) to relevant clients and Reinsurers.
- Ensure timeous collection of respective funds and check receipt thereof.
- Submit outstanding statement and respective reconciliation to Finance and match with cash received.
- Ensure allocations are completed according to information supplied.
- Ensure cash calls are received, and refunds are accounted for.
- Attend to and resolve queries timely.
- Follow up outstanding balances from clients and/or Reinsurers.
- Reconcile balances and payments made.
- Provide age analysis and Open Balance audit reports to management.
- Build and maintain effective relationships with all key stakeholders.
- Responsible for engaging in business development and/or contributing directly or indirectly to all business development efforts in Aon South Africa.
- Upload all transactions onto Inview.
- Manage market queries on Inview.
- Preparation of all year-end adjustment, profit commission and sliding scales.
- Adhere to timelines and due dates on account submissions and relevant duties.
Skills and experience that will lead to success
Qualifications:
- Grade 12 (matric).
- A diploma or degree in accounting or financial management.
Knowledge:
- Knowledge of relevant legislation (VAT, etc.).
- Knowledge and understanding of insurance and reinsurance.
- Knowledge of proportional and non-proportional accounting processes.
- Regulatory examinations advantageous (RE1-5).
Skills and Attributes:
- Well-developed analytical, technical, and problem-solving skills.
- Digital literacy with advanced experience in MS Word and Excel.
- Well-developed business and financial skills and acumen.
Experience:
- Have a minimum of 2 to 3 years’ general accounting experience.
- Experience in reinsurance accounting will be a distinct advantage.
- Ability to work with foreign currency.
Regulatory Compliance:
- Comply with the applicable Fit and Proper provisions as set out in the Board Notice 106 of 2008 issued by the Financial Services Board.
- Have knowledge and understanding of the applicable provisions set out in the General Code of Conduct for Authorized Financial Services Providers and Representatives.
- Have knowledge and understanding of the applicable provisions set out in the Short-Term Insurance Act No 53 of 1998 and supporting regulations.
- Understand the provisions of the Financial Intelligence Centre Act (FICA), No 38 of 2001 and amendments thereof.
How we support our colleagues
In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!
Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.
Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.
Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email .
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