Financial Assistant

1 week ago


Johannesburg, South Africa Ultra Personnel Full time

Matric and B. Com Accounting qualification or similar

At least 3 years finance experience within the short term insurance industry is essential

Strong Excel skills are required

Own transport and willing to work over time when required

The purpose of the role is to assist in managing submission of debit order tapes, review junior team members recons of premium collections done by various brokers across various systems, review binder / outsource fee payment calculations and recons to brokers, review cashflow to maximise interest returns, review commission and fee requests and payments.

Preparation and review of Finance Technical ST insurance reporting

Daily banking assistance, reconciliation, review and management

Assist in managing premium collection reconciliations, tape submissions and premium & fee payments

Ad hoc reporting /reconciliations and projects

Facultative reinsurance recons and payments

Assist in preparation of technical ST insurance accounts which include processing of various entries and performing various reconciliations, across various systems

Assist in managing the technical related banking payments (claims, refunds etc.)

Assist in preparing management accounts

Assist in liaising with auditors

Review of various junior functions performed by other members of the team

Assist in reconciliations of Facultative reinsurance

Assist in preparation of various statutory returns (CBR)

**Preparation and review of Finance Technical ST insurance reporting**

Preparation and reconciliation of various ST Insurance recons by due date, not limited to:

- Premium Raised, receipted, earned, unearned
- SASRIA
- Claims

Review of team members work on various ST insurance bordereaus and recons by due date.

Review of accounts received back from the insurer for accuracy and completeness

Assist insurer with recons and any audit queries

Assistance in completing all regulatory returns

**Daily banking assistance, reconciliation, review and management**

Assist with daily banking payments, reconciliation, monitoring, cashflow etc

Reviewing junior team members work on bank recons

Assist with payment queries

**Assist in managing premium collection reconciliations, tape submissions and premium & fee payments**

Assist in managing submission of debit order tapes

Review junior team members recons of premium collections done by various brokers across various systems

Review junior team members recons of premium collections dont into companies bank account

Review binder / outsource fee payment calculations and recons to brokers

Assist in management of cashflow to maximise interest returns

Review and assist in managing commission and fee requests & payments

**Facultative reinsurance recons and payments**

Assist in the reviewing of FAC placed.

Assist in raising of the monthly FAC transactions in the ST insurance

Assist in preparation of FAC payments to the reinsurers

Assist in any FAC queries or recons


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