Banking Administrator at Bryte Insurance Company Limited

Our opportunity

• Banking administrator responsible for various banking related functions as noted below.

Requirements

Key Tasks & Accountabilities

Functional Management

Effective and accurate processing and payment of non-operational expense invoices

• Ensure accurate processing, i.e.  correct allocation of payments to correct cost Centre through adherence to internal processes.
• Ensure cheque requisitions are accurately completed, approved by cost Centre manager, and accompanied with all supporting documentation, i.e. approved supplier statement and/or approved (signed-off) invoice and proof of banking details.
• For large payments, ensure approval by a senior manager.
• Ensure timeous loading of approved payments on the FNB portal.
• Import payments onto SAP system on a daily basis and process the SM35 statement to various GL accounts.
• Ensure accurate vat processing for tax invoices vs. non-VAT vendors.
• Escalate all system issues (SAP / TIA system) to manager.
• Loading of funding requirements (investments, RI payments and other bank transfers and payments
• Loading of all Bryte Insurance funding requirements for approval in line with approved instructions (Investments, RI payments, salaries funding, once-off payments, etc) and posting of journals
• Processing of journals for Bryte Life
• Manage AP rejections by advising the AP team.
• TIA Receipts Allocations
• Capture and allocate premium and claims recoveries received to various debtor’s accounts according to reference detail received from the credit control team.
• Capturing and allocation of receipts to be done regularly and timeously (with the bulk allocation period being between the 15th to cut-off date of each month)
• TIA Receipts Allocations (continued)
• Escalate and resolve claims recovery rejections with the claims specialist responsible for loading the payments.

Loading of funding requirements (investments, RI payments and other bank transfers and payments

• Loading of all Bryte Insurance funding requirements for approval in line with approved instructions (Investments, RI payments, salaries funding, once-off payments, etc) and posting of journals
• Processing of journals for Bryte Life
• Manage AP rejections by advising the AP team.
• TIA Receipts Allocations
• Capture and allocate premium and claims recoveries received to various debtor’s accounts according to reference detail received from the credit control team.
• Capturing and allocation of receipts to be done regularly and timeously (with the bulk allocation period being between the 15th to cut-off date of each month)

TIA Receipts Allocations

• • Capture and allocate premium and claims recoveries received to various debtor’s accounts according to reference detail received from the credit control team.
  • Capturing and allocation of receipts to be done regularly and timeously (with the bulk allocation period being between the 15th to cut-off date of each month)
  • Escalate and resolve claims recovery rejections with the claims specialist responsible for loading the payments.
  • Investigate and resolve internal queries received from the various stakeholders (credit control team, claims department and underwriting teams)

Preparation of bank reconciliations / Clearing accounts

• Prepare bank reconciliations on a monthly basis within the timeline period (7th working day post close-off)
• Identify all reconciling items, investigate, follow up on long outstanding items and clear items (items in GL not on bank statement / Items on bank statement not in GL)
• Processing of manual journal entries, i.e. bank charges, interest received and cash movements.
• Investigate and follow up on transactions posted to the TIA clearing account.
• Liaise with the bank regarding transaction queries.
• Match and clear EFT in / EFT out accounts on a regular basis to ensure no long outstanding reconciling items.

Stakeholder Support

• Respond and action queries received from the Finance senior management team.
• Query resolution from internal stakeholders – Queries to be actioned and resolved timeously (brokers, credit control, claims team and other internal stakeholders
• Assist with system enhancement testing (TIA related interfaces)

Qualification & Experience

• Finance degree.
• Minimum 3-5 years’ experience in banking administration

Skills

• Analytical
• Financial management
• Collaboration
• Initiative
• Problem solving
• Strategic thinking
• Knowledge sharing
• Effective communication with internal and external stakeholders
• Detail oriented, accurate and organized.
• Prioritize tasks and complete duties within a specified time frame.
• Strong Microsoft Excel skills