• Senior Executive - Group Processing Jobs in Malaysia - 1006217

    Hong Leong MSIG Takaful Berhad
  • 2 - 4 Years
  • Malaysia - Selangor
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  • Posted above 1 month
  • Job Views: 41
  • Job Applicants: Less than 10

Job Description

Job Responsibilities

Verify completeness of submitted quotation form affinity to ensure it confirm and correct to the relevant regulations, guidelines and proceduresIf all the submission completed, process the business into production within TAT that department have fixed If Incomplete, all documentation should be return to affinity and required the proper submission againstEnsure all the documentation such like member listing, quotation rate are in order and proper signed by all parties relatedEnsure the new scheme quotes, details of the coverage being picks up correctly in the master file or policy certificatesEnsure quality of policy ie all details is accurate, presentable physical documents and etcGenerate, print and deliver policy and the related documents on timely manner and give to the right personDoing the reconciliation for monthly payment received and updated the payment status into master listing Payment reconciled should be matching with a premium received via the payment list providedEnsure all checking figures, postings, and documents are correct with a data arrangement, mathematical accuracy, and proper codes with certificate noIssues the payment advice to finance and declare the monthly commission value and refund for excess and short paid payment statusUpdate and organise the data base / master list with the latest payment statusReconcile or note and report any discrepancies found in files like duplicate, info missed out related with a payment status of the participantsDetect the inactive participants for lapsed and termination status via calculation the PA valuesProcess the maturity, surrender & partial withdrawal application within TATChecking info information from system or manual dataFinance run a report twice a month then required a confirmation from processing team once done payment will proceed to the client accountFor manual process send out all info to actuary and request the participant account (PA) valueOnce received the PA value amount, the next step issue the PRF to the finance for the payment settlementGenerated the letter to the clients and info the successful transaction on the surrender maturity statusPerform UAT testing and validate the results for new business, renewal and EndorsementLeading in group product in system testing (UAT), data migration project and etcExtract and generate a report on the policy in force status, ensure the policy captured in the systemManaging the proper filing system for easy reference and documents retrievalUndertake such other duties related to the department functions and objectives as may be directed by superior from time to timeHandling enquiries which are related to the job functionMonitor closely on the technical system or operational issues such as complicated payment, systems functionality and daily taskTo perform any Ad-Hoc tasks required by the management / business partner with the superior’s guideline

Job Requirements
Minimum 2 years working experience in Life Insurance/Family Group Business operational experienceMust possess at least a Diploma, Advanced/Higher/Graduate Diploma, Bachelor's Degree, Post Graduate Diploma, Professional Degree, and any fieldTime ManagementEffective Resources PlanningNegotiationProblem Solving Skill

Profile Summary

Type:Company Job

Role:Senior Executive

Industry:Insurance

Salary:Not Disclosed

Deadline:23rd Feb 2020

Company Profile

Hong Leong MSIG Takaful Berhad (HLM Takaful) also formerly of Hong Leong Tokio Marine Takaful Berhad is a strategic collaboration between Hong Leong Financial Group Malaysia, a reputable integrated financial services group and Mitsui Sumitomo Insurance Co Ltd (MSI), one of the world’s largest insurance company.
The collaboration offers HLM Takaful an opportunity to leverage on the insurance expertise, scale, customer base, distribution channels and branch network of the Hong Leong Group, while tapping into Mitsui Sumitomo Insurance Co Ltd (MSI) vast and global technical and product development expertise for the creation of innovative and competitive takaful offerings. HLM Takaful is a key component of Hong Leong Islamic Financial Services Group, an integrated platform offering Islamic banking, Islamic Investment Banking and Islamic Wealth Management and Takaful.
With strong Shariah compliance and operating processes as our core tenets, HLM Takaful will strive to meet the high standards and expectations set by its stakeholders and contribute towards the development of Malaysia as a global takaful centre.

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