Operational Finance Specialist

6 months ago

Johannesburg, South Africa PPS Recruitment Full time

**Job Advert Summary**:
A member of the PPS Life Insurance Operations Accounts team reporting to the Operational Finance manager. 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.
- 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

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