Operational Finance Specialist (Temporary) - Parktown North Johannesburg at PPS

• This role will be responsible for exit calculations of resignation, retirement and death claim.  

Minimum Requirements    
Education: 

• B. Com Accountancy degree (advantage)  

Experience:

• 8 years’ experience within a financial services environment, preferably in the Insurance Industry advantage.
• Strong reconciliation experience is required.
• Experience in the use of Microsoft Office applications (Word and Excel etc).
• Proficient in MS Office - Advanced Excel

Knowledge and Skills:

• General knowledge of insurance legislation/rules advantage.
• Exposure in dealing with members, brokers and advisors advantage.
• IT Skill: Strong computer skills, including Microsoft Office Package at a Moderate level.
• Strong sense of commitment to the organization’s goals and values.
• Good business sense.
• Basic knowledge of accounting and financial principles

Competencies:

• Analytical and be able to make prudent business decisions.
• Flexible and adaptable in changing and challenging circumstances.
• Fast learner with the ability to rapidly assimilate and utilize new information and skills.
• High level of accuracy and be able to operate efficiently under pressure.
• Good written and verbal communication skills.
• Must be self-motivated.
• Time management skills.
• Be a team player and take responsibility for own development initiative

Duties and Responsibilities    
Operational Process:

•  Calculation of Resignation, retirement, AD Vesting and death claim benefits.
• Calculation of Exit Quotes generate letters and Quality Assure the letters.
• Transferring of balances from Special benefit account and Apportionment accounts to the current accounts.
• Processing of Credit Control Journals for each calculation done.
• Quality assurance for calculations processed prior to submission of payments.
• Updating of the input file for the transactions to be uploaded on to the system.
• Service Manager to be uploaded with the required Calculation and with relevant notes.
• Resolution to internal and external request within Service level agreement.
• Providing support and assistance to team members and manager.

Accounting.

• Reconciling members information on system to the Exit calculation.
• Prepare daily journal files.
• Investigate and reconcile members billing accounts.

Stakeholder management:

• Provide support to the broader Life Operations business units.
• Establish, maintain, and build relationships with key stakeholders.
• Liaison function with internal and external department.
• Assist with year-end requirements and audit queries.

Additional Accountabilities:

• Respond to queries and investigations within agreed SLA.
• Adherence to process control and service levels agreements.
• Performing other duties assigned from time to time by the manager

Closing Date    
2023/08/25