Finance Administrator - Sandton, South Africa - Discovery Ltd.

Discovery Ltd.
Discovery Ltd.
Verified Company
Sandton, South Africa

1 week ago

Thabo Mthembu

Posted by:

Thabo Mthembu

beBee Recruiter
Description

Business Unit:
Discovery Life
Function:Financial Analysis
Date:13 Feb 2024- Discovery Life
Finance Administrator
About Discovery

  • Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fastpaced and dynamic environment enables smart, selfdriven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
    About Discovery Life
  • Discovery Life is an ever growing fastpaced and dynamic environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for our employees to provide a world class service to our internal and external clients, thereby ensuring long and sustainable relationships
    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 3 years 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.
  • EMPLOYMENT EQUITY
The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
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