Administrator: Cash Book

Momentum; Centurion; On-site; ZAR 300,000 - 450,000; Full time

Job summary

Momentum is seeking a financial operations specialist responsible for allocating premiums and managing bank accounts. The role requires attention to detail, effective communication with stakeholders, and expertise in financial processes. Ideal candidates will have accounting qualifications and experience in the financial services industry.

Qualifications

• 2-3 years' relevant experience in a similar field.
• Experience in the Insurance or Financial Services industry is preferable.
• Knowledge of the insurance and investment industry is preferred.

Responsibilities

• Daily allocations of premiums on the bank statement.
• Monthly close off and balancing of the cashbook.
• Assisting with audit queries related to bank accounts.

Skills

Attention to detail

Time management

Accountability

Client/Stakeholder Commitment

Problem-solving

Teamwork

Education

Grade 12 or equivalent

Qualification in Accounting

Job description

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Group provides practical financial solutions for people, communities and businesses. Visit us at www.momentumgroupltd.co.za

Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

To be responsible for the allocation of premiums on various bank accounts for the Momentum Corporate business book.

Requirements

• Grade 12 or equivalent.
• Qualification in Accounting is preferred.
• 2 – 3 Years' relevant experience in a similar/related field.
• Experience in the Insurance or other Financial Services industry is preferable.
• Knowledge of the insurance and investment industry is preferred.
  
  

Duties & Responsibilities

The incumbent will be co-responsible for the following:

• Daily allocations of premiums on the bank statement.
• Daily monitoring of the bank mailbox and assisting with queries received.
• Compiling a monthly unallocated report and ensuring that follow ups occur.
• Monthly close off and balancing of the cashbook.
• Preparing monthly balance sheet recons.
• Processing of monthly journals.
• Assisting with any audit query relating to the bank accounts and engagement with the auditors.
• Responsible for processing of payments incl Forex.
• Responsible for the capturing of manual debit orders.
• Build and maintain relationships with internal and external stakeholders.
• Provide accurate financial information.
• Investigate internal client queries within the agreed service levels and ensure that client receives timeous feedback.
• Escalate internal client queries to the relevant department or stakeholder.
• Provide authoritative, expertise and advice to internal clients and stakeholders.
• Build and maintain relationships with clients and internal and external stakeholders.
• Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed.
• Make recommendations to improve client service and fair treatment of clients within area of responsibility.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
• Identify opportunities to enhance cost effectiveness and increase operational efficiency.
• Provide input into the risk identification processes and communicate recommendations in the appropriate forum.
  
  

Competencies

• Attention to detail.
• Time management skills.
• Accountability.
• Client/ Stakeholder Commitment.
• Drive for results.
• Communication skills.
• Problem-solving skills.
• Teamwork.