Operational Officer - Claims - Stanbic IBTC Insurance Broker at Stanbic IBTC

Position Description

Job purpose
• Ensuring timely reporting, capturing correct figures and verifying accuracy of all financial data on a weekly, monthly and year to date basis in line with working together with relevant Units in order to in still control.  

Key responsibilities
• Monitor workflow, review and evaluate procedures periodically and recommend improvement as well as modification.
• Ensure reports are regularly updated and reconciled (weekly, monthly and yearly).
• Receive relevant reports from relevant units within groups and reconcile figures due.
• Collaborating with other Units and Insurance Companies on timely flow of information.
• Provide support to units and team for all reconciliation issues.
• Reconcile accounts daily and move funds appropriately to relevant accounts.
• Ensure all items are cleared from General Ledger account as and when due.

Key performance measures
• Communicating on ways to simplify narrations into various accounts and enhance processes in order to facilitate reconciliation and avoid audit exceptions
• Ensuring that our report gives a true position of our new and renewed business.
• Working together with other Units and Insurance Companies to deal and resolve issues on reconciliations.
• Ensuring spool of PLPP report on Cognus reconciled alongside Trial Balance report received from IT Production Unit, transactions moved to Leadway Assurance Company Limited account which forms 20% of our monthly fees on PLPP.