new business review AssociateUniversity of Santo Tomas

Job Overview The position is responsible for the auto appraisal of Traditional/VUL applications whose actual mortality rates, do not exceed the standard rates assumed when the premium rates for a particular product were calculated based on defined s Job Overview The position is responsible for the auto appraisal of Traditional/VUL applications whose actual mortality rates, do not exceed the standard rates assumed when the premium rates for a particular product were calculated based on defined speedy issue guidelines,. It is accountable for the accuracy of the set-up of client records in App entry/Ingenium systems. It is also responsible for ensuring completeness and accuracy of documents in policy contracts delivered to policyholders. Responsibilities Reviews and performs Automated Appraisal of New Business Applications, mandatory requirements, AMLA requirements, and Alteration of Application regarding changes/amendments in the Application within defined approval authority. Reviews and evaluates New Business requirements such as AMLA requirements, Alteration of Applications, new proposals, and new applications for underwriting cases and handles adjustment of records in Ingenium. Assesses the degree of occupational and foreign residence risks represented by the proposed insured and the owner. cides whether to approve standard, reduce coverage or change plan, reduce coverage, grant or disapprove supplemental riders, or offer appropriate extra premium within approval authority limit. Evaluates Non-medical history declaration of proposed insured and owner which are not covered by Speedy Issue Guidelines and recommends appropriate underwriting action whether to approve or reject the case (e.g. surgery of gallstones, recovered, etc. ). Orders requirements for incomplete answers in the Application and evaluates the risk based on the answers given by the proposed insured or owner using our Speedy Issue Guidelines. Orders age/amount requirements after Automated Appraisal together with the missing answers to the questions in the Application Form and refers them to the underwriter when received. Reports MIB impairment codes for substandard and not as applied for based on occupation and place of work. Reviews and evaluates KYC requirements under the Anti-Money Laundering Act, for non-Filipino and Corporate applicants within approval authority limit. Handles adjustment of records in Ingenium of underwriting cases to reflect changes requested after Auto Appraisal Reviews computer records against data in the Application analyzes correct premium coverage applied in policy form, proposal and payment in the applications sends a notification to agent/SSA for overpayment/short remittance. computes and collects additional payment/charges the corresponding agent if essential based on the amount of per-product classification if any discrepancy Investigates clients with multiple client numbers. and coordinates with Client Management for consolidation Responds to New Business (TRAD/VUL products) related to walk-in client's and agents queries as appropriate answers (phone/e-mails/SMS) in a timely, accurate and courteous manner investigates complaints received from client/agent and suggests an alternative solution to Manager Reviews printed copy of policy contracts of jumbo cases verifies details against underwriting decision if data were correctly encoded calculates manually for any discrepancy on the decision of underwriter vs policy contracts details checks the information of the policy ensures that the premiums are correct and contract pages are complete. Processes refunds of overpayments, bounced checks, Not taken up(NTU), Not proceeded with (NPW) handles refund of initial premium and charge agent for NPW/NTU fees Prepares letters using LWS, manual letters, and bank certifications. Qualifications College Graduate of 4-year course with above scholastic records. At least 3 years experience as Speedy Approver. Highly trainable fresh graduates can be considered. App entry, INGENIUM, IUM, WMS, CAS, AGIS,PRS, LWS & MIB systems: Proficient Forms, policy contracts, product features, Sales Hierarchy, NB processing flow and their relationship with other departments: Proficient Typing Skills at least 40 wpm: Proficient BR Review, UAT, Project Management: Proficient Speedy Issue Guidelines Concepts: Proficient Medical Reports, Blood Tests, Ecg, TM, X-rays, Blood Tests And Other Tests, Their Physical Appearance and Codes in the Different NB Systems : Basic Signature Verification: Basic Nonmedical Aspects of Underwriting (Occupation, Foreign Residence, Lifestyle, etc.) : Basic Legal Aspects of Underwriting: Basic Presentation Skills: Basic
Monster

Philippines
Permanent
Full-time