Job Title: Annuity Officer
Company: First Bank of Nigeria
Location: Nigeria
Job Type: Full Time
Qualification: BA/BSc/HND
Job Field: Banking
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First Bank of Nigeria Insurance is a limited liability company licensed to transact Insurance businesses in Nigeria. The Company is jointly owned by FBN Holdings Plc (65%) and the Sanlam Group, one of the largest financial institutions in South Africa (35%) and it officially commenced operations on the 1st September 2010.
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Job Id: ANUO/2516
Location: Nigeria
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Purpose of Job: – Responsible for the maintaining and servicing of all annuity policies, inforce and prospects (Immediate and Deferred).
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Job Duties and Responsibilities: – Provide business support for the annuity sales team – Prepare provisional agreements for the annuitants – Liaise with PFAs on the following – Submitted Provisional Agreement – Premium Transfers from PFAs into our annuity account – Scheduled details of the fund transfer into our annuity account – Generate policy schedule and welcome letters to annuitant confirming receipt of payment and the annuity details – Generate weekly and monthly reports as follows: – Annuity premiums transfer from the PFAs – Expected Premiums pending from all PFAs – Sales team production report – Generate the following monthly payment schedules weekly and monthly reports as follows: – Annuitants Payments – Commission Payments to the Sales team – LASPEB Commission – Monthly allowance of the sales team – Attend to annuity claims payment relating to death cases (if any).
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