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About the Role
To manage and execute the billing process for employee benefits (corporate solutions) policies, ensuring accurate premium booking, accounting journal entries, receipt generation, and reconciliation. This role plays a critical function in maintaining financial accuracy and compliance while supporting operational efficiency. This function excludes collection, which is handled by the Corporate Solutions Department.
Premium Booking and Billing Processing
- Accurately process and book premium invoices in the policy administration system.
- Ensure timely and accurate generation of premium bills in accordance with policy terms and agreements.
Accounting Journal Entries
- Record accurate accounting journal entries related to premium transactions.
- Ensure proper classification and posting of premiums in alignment with financial reporting requirements.
Receipt Generation and Payment Acknowledgment
- Generate official premium receipts upon payment confirmation.
- Ensure proper documentation and record-keeping of receipts for auditing and reporting purposes.
.Reconciliation and Financial Accuracy
- Perform regular reconciliation of premium bookings, payments, and receipts to ensure data integrity.
- Investigate and resolve discrepancies between billing records, payments received, and financial reports
Stakeholder Coordination
- Work closely with internal teams, including Finance, Corporate Solutions (Collection Team), IT, and Compliance, to ensure smooth billing operations.
- Provide billing-related information and support to Corporate Solutions for client inquiries.
- Assist with internal and external audits by preparing relevant billing records and reconciliations
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