Operational Finance Specialist

Overview

Job Description, Reporting to the Team Manager:
Operational Finance, this role will be responsible for managing benefit calculations (resignation, retirement, vesting, death), processing account transfers and journals, and ensuring accuracy through quality checks. Support team operations, reconcile billing accounts, liaise with stakeholders, assist with audits, and respond to queries within SLA.

• 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
• Providing support and assistance to team members and manager
• Investigate and reconcile members billing accounts
• Establish, maintain, and build relationships with key stakeholders
• Liaison function with internal and external department
• Assist with year-end requirements and audit queries
• Respond to queries and investigations within agreed SLA

• Education
  BCom Accountancy degree or similiar

• Experience
  2-3 years’ experience within a financial services environment, preferably in the Insurance Industry (preferred)
• Strong reconciliation experience (essential)
• 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 (preferred)
• Exposure in dealing with members, brokers, and advisors (preferred)
• Strong computer skills, including Microsoft Office Package at a Moderate level
• Strong sense of commitment to the organization’s goals and values
• 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