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Reinsurance Policy Clerk

Posted 133 days ago in Accounting/Finance


Recent College Grads encouraged!

MAIN AREAS OF RESPONSIBILITY

 
  • Timely/accurate data entry and processing of manual, non-complex client submitted requests such as:
    • Processing and approving New Business policies (automatic and facultative)
    • Processing and approving terminations
    • Processing and approving non-complex maintenance requests such as Extended Term requests, Reduced Paid Up and Smoker to Non-smoker
  • Review, monitor and address outdated and/or rejected items such as those on the Daily Update and the M, D and R Version report.
  • Timely reporting of individual processing results to management.
  • Meet the established standards such as production, quality and client services standards.
  • Assisting in other Administration Department duties as needed.
MAJOR CHALLENGES ENCOUNTERED IN THIS POSITION  
  • Balancing the need to meet time sensitive processing deadlines while accurately processing client written requests.
  • Quickly gaining an in-depth understanding of the company’s operations, administrative system, processing procedures and a diverse client base to minimize dept. backlogs.
  • Working with a large number of external clients with different processing procedures.
  PREFERRED KNOWLEDGE, SKILLS AND ABILITIESQualifications:

  • 4 Year Degree
  • 0-2 years experience in life insurance administration/reinsurance areas
  • Basic/Intermediate skills using Microsoft Outlook, Excel and Word

About Optimum Re Insurance Company:

Optimum Re Insurance Company provides an excellent benefits package to its employees including group medical, dental, vision, life, and short-and long-term disability insurance, flexible spending account, pre-paid legal, education assistance, and paid time off; participation in our 401k plan is encouraged as we offer a generous company match and safe harbour plan.