Bookkeeper Operational Finance
5 months ago
**Job Advert Summary**:
A member of the PPS Life Insurance Operations Finance team reporting to the Team Manager Operational Finance. This role will be responsible for processing of different claims and refunds.
A higher level of technical understanding is involved for this role.
Duties include checking accounting records for accuracy, recalculating of liabilities, ensuring outstanding balances are deducted from claim payments.
**Minimum Requirements**:
**Education**:
Bachelor of Commerce: Accountancy
**Experience**:
- 3-5 years’ experience within a financial services environment, preferably in the Insurance Industry advantage.
- Strong reconciliation experience is required.
- Experience with accounts payable, accounts receivable, payments, and general ledger.
- 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**:
**Payments**:
- Sick pay claims payment.
- Quality Assurance of documentation and processing of all payments accurately and timeously.
- Prepare payments. Sick pay, Refunds & Authorizations (IAA journals and fund transfers/settlements).
- Deposit allocations.
- Medical payments.
- Permanent Incapacity payment (PI).
- Monthly Journal entries.
**Operational Process**:
- Updating of claim statement and updating correct information on the system.
- Resolution to internal and external queries within Service level agreement.
- Providing support and assistance to team members and team Manager.
**Accounting**:
- Perform all activities related to the accounts payable function including reviewing, coding, and processing payments.
- Conduct reconciliation of all accounts on an as needed basis.
- Maintain and balance the general ledger in an accurate, complete, and up-to-date manner.
- Prepare financial reports through collection, analysis, and summarization of data.
**Stakeholder management**:
- Provide support to the broader Life Operations teams.
- 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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