Junior Portfolio Administrator – Insurance


Our client is based in Centurion and is an insurance company that underwrites bank loans and offshore investments and provides export credit and foreign investment insurance cover.

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. 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.

Minimum Requirements

A Bachelor’s degree in Accountancy, Finance, or related qualification.
• A year’s working experience in the financial services industry.
• FAIS accreditation is a requirement for the role. Appointed candidate will be given a
maximum of 2 years to obtain the accreditation.
The incumbent should have demonstrated the following competencies:
• Demonstrate skills in preparation of amortization schedule, interest calculation and financial
• Skills in Microsoft Office applications.
• Ability to communicate clearly and professionally both verbally and in writing.
• Ability to work independently.
• Strict attention to detail and deadline orientated.
• Genuine commitment to highest ethical standards.
Key Measures
• Accurate calculation of premium and IMU claims.
• Timely collection of premiums.
• Clients adherence to declarations obligations.
Key Interfaces
• Peers, Executives and Managers.
• Other business units particularly Finance Unit, Actuarial Unit, and Underwriting
• Insured lenders and investors.
• Exporters.

Role Description

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 inquiries, where required

City: Centurion

Salary: Market Related and negotiable

Duration: Full Time