Finance Administrator - Discovery Life at Discovery Limited

Key Purpose

The primary function of this role of Finance Administrator is to effectively perform the tasks of the Cash Control Team for Individual Life, Invest, Group Risk and Umbrella Funds

Areas of responsibility may include but not limited to

• To be able to understand the requirements and processes of the Life Cash Control department as per Training and Standard Operating Process documents provided for Individual Life, Invest, Group Risk and Umbrella Funds
• Review of the Task schedule assigned by ensuring delivery of the Life Cash Control tasks are completed
• Ensuring that daily Billing and Collections are reconciled with exceptions investigated that does not conform to business processes or regularity requirements
• To make certain Bank Statements are reviewed daily and reconciled to system and to investigate and correct any imbalances identified
• Ensuring the daily submission files for Debit Orders and Payments are reconciled to corporate database before files can be released to the Bank and verifying the Bank’ responses
• Allocation of daily premiums from Bank Statements and ensuring that all unidentified deposits are investigated and reported
• Coordinating business requirements and queries to relevant stakeholders and to ensure any failures are logged and reported to management
• Ensuring delivery of daily and monthly reporting to business and ensure all reports are securely and correctly stored for management reviewing and audits
• Active participation in weekly Team Meetings and monthly One on One sessions where issues are identified and resolved and to record the progress of team and individual staff

Education and Experience

Essential:

• Matric with Mathematics
• At least 6 months of working experience in a finance role within the insurance/finance sector

Advantageous:

• Diploma/Degree in Accounting/Finance from an accredited institution
• At least 2 – 3 working experience in a finance admin role within the life insurance/finance sector

Technical Skills and Knowledge

Essential:

• Intermediate proficiency in MS Word, MS Excel, MS Outlook.
• Good mathematical and analytical skills.
• Good interpersonal skills.

Advantageous:

• Knowledge of the Life Insurance market.