Financial Assistant
3 days ago
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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