Corporate Solutions Channel Support Specialist
AIA CareersTaguigUpdate time: May 10,2021
Job Description
Bring your career aspirations to life with AIA!
The CS Channel Support Specialist is in charge of the report management of the business performance of Corporate Solutions, channel revenue and profitability performance and LOB Byline report preparation.Renders support to the CS distribution channels in terms of expense budget control. Oversees reinsurance reporting to PAL Finance & Actuarial, commission payout facilitation to agents, brokers, and bank partners, taxes, and booking of reserves requirements (Unearned Premium, Due Premiums, Claims, Reinsurance, other reserves) in accordance with Company policies and standards.
- Oversee and coordinate preparation, consolidation and submission of sales and management CS financial reports as may be required by senior management and the group office, such as but not limited to daily/monthly actual CS ANP & Net VoNB performance, cash production, byline profitability reports, monthly production forecasts, annual financial targets.
- Closely works with Finance and Actuarial on the financial performance review of and annual financial targets of Corporate Solutions.
- Checks and validates accounting journals: Premium Clearing and allocation; Commission payment/crediting; and DST, Premium tax and w/tax booking.
- Monitors preparation of the following: DST Schedules and payables; All requisition for checks ( Commission, Refunds, Reinsurance)
- Monitors preparation of monthly Reserves Valuation; Unearned Premium Reserves; Experience Rating Reserves; Due Premiums; Claims Reserves ; Reinsurance; and All reserves for CS businesses
- Ensure that service level commitments based on service level agreements with internal and external parties are adhered to and initiate appropriate actions as necessary to ensure that the required services to CS clients are delivered accurately and promptly.
- Manage the operational and logistical requirements of Corporate Solutions and ensure compliance with approved operating budget.
MINIMUM JOB REQUIREMENTS
- At least 3 years experience in CS financial business reporting and management support
- College course related to Finance (preferred)
Build a career with us as we help our customers and the community live healthier, longer, better lives.
You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.
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