Overview
Operational Finance Specialist Jobs in Johannesburg, South Africa at PPS
Job Description
A member of the PPS Life Insurance Operations Finance team reporting to the Exit Team Manager. This role will be responsible for exit calculations of resignation, retirement, and death claim and adhoc billing functions.
Requirements
Education
BCom Degree
BCom Accountancy Degree (advantage)
Experience
5 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).
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).
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 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 able to operate efficiently under pressure.
Good written and verbal communication skills.
Self-motivated.
Time management skills.
Team player and takes responsibility for own development initiative.
Duties and Responsibilities
Operational Process
Exits
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 onto the system.
Service Manager to be uploaded with the required Calculation and relevant notes.
Resolution to internal and external requests within Service level agreement.
Providing support and assistance to team members and manager.
Billings
Liaising with internal stakeholders to ensure most up-to-date banking details are linked to the premium paying account.
Investigating Billings exceptions and Current account credit balances.
Assist on Deposit, Collection and Rule 15A Workflows.
Assist with Deposit allocation Month end and Mid month.
Providing support and assistance to team members.
Accounting
Reconciling members’ information on system to the Exit calculation.
Analysing members’ Current Accounts.
Preparing daily journal files.
Investigating and reconciling 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 departments.
Assist with year-end requirements and audit queries.
Additional Accountabilities
Respond to queries and investigations within agreed SLA.
Adherence to process control and service level agreements.
Performing other duties assigned from time to time by the manager.
#J-18808-Ljbffr
Title: Operational Finance Specialist
Company: PPS
Location: Johannesburg, South Africa
Category: Finance & Banking (Financial Analyst, Financial Reporting, Accounts Receivable/ Collections), Accounting (Financial Analyst, Financial Reporting, Accounts Receivable/ Collections)
