Intern, Corporate Group Business (prudential)

Job Description

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

JOB IS FROM: nursingjobs.siteVIEW

Are you a motivated student eager to gain hands-on experience in the financial and insurance sectors? Join our team as an intern in Group Business Underwriting & Contribution Control! This role offers a unique opportunity to work alongside experienced professionals, assisting in underwriting processes, managing financial transactions, and ensuring accurate reporting.

PRINCIPAL DUTIES & RESPONSIBILITIES:

A) Group Business Underwriting

Responsibilities:

• Assist in underwriting new and renewal business for Group Customers within specified approval limits.
• Support the assessment of group risk profiles, ensuring fair and consistent evaluations.
• Help process quotation requests, ensuring they meet service standards and customer expectations.
• Adhere to Group Business Underwriting Guidelines and standards.
• Communicate with actuarial, reinsurers, technical services, agents, and intermediaries on complex cases under supervision.
• Assist in portfolio management to help meet profitability objectives.
• Help build and maintain quotation tools to ensure accurate and up-to-date calculations.
• Perform other ad hoc tasks as assigned by the supervisor.

B) Contribution Control

Responsibilities:

• Update payment received and billing transactions in the Statement of Account.
• Issue Official Receipts for payments received.
• Prepare payment lists (GBC) for Finance twice a week for premiums received.
• Monitor the Group General Ledger Listing (Reconciliation).
• Double-check accounting entries booked by the Finance Department.
• Raise Journal vouchers or memos to inform Finance of any corrections.
• Issue commission statements to Finance twice a month according to the Finance format.
• Arrange crediting of commissions upon premium receipt and claw back commissions if there is a premium refund.
• Assist in monthly reporting, ensuring timely submission of sales figures and valuation reports on group business.
• Report retakaful declarations to the retakaful operator.
• Perform other ad hoc tasks as assigned by the supervisor.

Qualifications:

• Currently pursuing a degree in Finance, Accounting, Business Administration, or a related field.
• Strong attention to detail and organizational skills.
• Good communication and interpersonal skills.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
• Ability to work independently and as part of a team.

 

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.