Premium Accounting Assistant

Guardian Group · Trinidad

We are seeking a detail-oriented and motivated Premium Accounting Assistant to join our team. In this role, you will support premium accounting activities, process transactions, and assist with reconciliations while ensuring accuracy and timely financial records. If you have a strong eye for detail and a passion for accounting, we'd love to hear from you.

About Guardian Life of the Caribbean Limited
Guardian Life of the Caribbean Limited leads the charge in Life, Health, and Pension solutions throughout the Caribbean Region. Our unwavering mission is to cultivate financial freedom for our stakeholders through transformative interactions, fuelled by the relentless power of technology. With innovation at our core, we strive to redefine the landscape of financial services, empowering individuals, and businesses alike to pursue their dreams with confidence and security.

JOB OVERVIEW:
The Premium Accounting Assistant is responsible for the timely and accurate application of premiums and reversals (Life, Health, Pensions), preparation of account reconciliations, data entry of journals and resolution of premium-related queries with super-standard customer care.

JOB RESPONSIBILITIES:
Premium Processing:

Future Payment set-up
Verification of receipt of funds
Scanning of source data
Preparation of batch files for automation
Allocation of unmatched transactions
Application of Premium Payments on a rotational basis for the following Premium Collection methods:
Salary Deduction (Ministries & Private Groups)- Cheque remittances
Direct Debit
Bankers Order (TT &US- FCB, Scotia, RBL, RBC)
ACH (TT - FCB, Scotia, RBL, RBC)
Direct Credits (TT - FCB, Scotia, RBL, RBC)
Online Banking Payments (TT - FCB, Scotia, RBL, RBC)
Post-dated Cheques
Individual and Group Health applications
(Recurring US Credit Card- new)

2. Post application processing:

Preparation and data entry of various journals (approved by TL)
Systematic filing (both electronic and hard-copy as required)

3. Reconciliation of various premium-related accounts.

4. Reversal of Premiums, updating of logs, reconciliations, journals, agent and client correspondence for:

Direct Debit NSFs
Bounced Cheques

5. Reconciliation of over-the-counter STOTs (with bank statement) and preparation of journals for data entry by GSSL.

6. Preparation of various reconciliations, transfers, refunds, journals and reports related to other lines of business, viz.:

GLOC Agency payments
RBC Comfort Plan
Personal Accident
Public-servants terminated Health Plans

7. Resolve premium payment queries along with the necessary journals, logs and correspondence for:

Confirmation of excess funds on policies
Misapplications
Missing Payments
Policy status and premium history inquiries
Liaising with agents/client to regularize future payments.

8. Open, log and distribute incoming mails.

9. To perform any other job related duties as assigned by the Team Leader.

EDUCATION & EXPERIENCE:

5 CXC/CSEC Passes including Mathematics and English Language.
2 A’ Level/ CAPE passes.
Pursuing Level 1 ACCA.
LOMA 280, 290, ACS 100 and all related parts.
1 - 2 years’ experience in an Accounting department
1 year experience in the Insurance Industry.

ADDITIONAL REQUIREMENT:
As a regulated entity with obligations under the Know Your Employee guidelines, a Certificate of Character is required.

PERSON SPECIFICATION:
The Premium Accounting Assistant must be very dynamic. He/ She must be able to work in a fast paced environment and should possess strong work ethics. The Premium Accounting Assistant must display a high level of Initiative and must be self- motivated.

The Premium Accounting Assistant is responsible for the timely and accurate application of premiums and reversals (Life, Health, Pensions), preparation of account reconciliations, data entry of journals and resolution of premium-related queries with super-standard customer care.

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