Administrator : Cash Book

Momentum; Gauteng; On-site; ZAR 200,000 - 300,000; Full time

Job summary

A leading financial services company based in South Africa is seeking to hire a professional responsible for the allocation of premiums for its corporate business. The position involves duties such as daily premium allocations, accounting responsibilities, and maintaining stakeholder relationships. Applicants should have a Grade 12 qualification, experience in finance, and possess strong attention-to-detail and teamwork skills.

Qualifications

• 2–3 years' relevant experience in a similar or related 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.
• Preparing monthly balance sheet reconciliations.
• Delivering on service level agreements to manage client expectations.

Skills

Attention to detail

Time management

Communication

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 assist companies and organisations in caring for and rewarding their employees and members.

Using our own network of advisers or independent brokers and new platforms, Momentum Group provides practical financial solutions for people, communities, and businesses.

Visit us at [website link]. 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 or related field.
• Experience in the Insurance or other Financial Services industry is preferable.
• Knowledge of the insurance and investment industry is preferred.

Duties & Responsibilities

• Daily allocations of premiums on the bank statement.
• Daily monitoring of the bank mailbox and assisting with queries received.
• Preparing a monthly unallocated report and ensuring follow-ups occur.
• Monthly close-off and balancing of the cashbook.
• Preparing monthly balance sheet reconciliations.
• Processing of monthly journals.
• Assisting with audit queries related to bank accounts and engaging with auditors.
• Processing payments, including Forex.
• Capturing manual debit orders.
• Building and maintaining relationships with internal and external stakeholders.
• Providing accurate financial information.
• Investigating internal client queries within the service levels and ensuring timely feedback.
• Escalating internal client queries to the relevant department.
• Providing expertise and advice to internal clients and stakeholders.
• Maintaining relationships with clients and stakeholders.
• Delivering on service level agreements to manage client expectations.
• Recommending improvements to client service and fair treatment.
• Participating in a culture of rewarding relationships, feedback, and exceptional service.
• Identifying opportunities to enhance cost-effectiveness and operational efficiency.
• Contributing to risk identification processes and communicating recommendations.

Competencies

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