Internship: Finance Administrator

Discovery Limited; Gauteng; On-site; ZAR 67,000 - 100,000; Part time

Job summary

Discovery Life in Gauteng is seeking a Finance Administrator Intern for a Work Integrated Learning placement. The role supports the Cash Control Team across Individual Life, Invest, Group Risk and Umbrella Funds, within Discovery’s health and protection mission.

You will perform daily reconciliations, billing and collections, bank statement reviews, premium allocations, and monthly reporting, while participating in weekly team meetings.

Qualifications

• TVET N6 Financial Qualification is essential.
• Intermediate proficiency in MS Word, MS Excel and MS Outlook.
• Strong mathematical and analytical skills.
• Good interpersonal skills.

Responsibilities

• Understand Life Cash Control processes per SOPs.
• Review Task schedules to ensure timely Life Cash Control tasks.
• Reconcile daily Billing and Collections and investigate exceptions.
• Review daily Bank Statements and reconcile to system; correct imbalances.
• Ensure daily Debit Orders/Payments files are reconciled before release and verify Bank responses.
• Allocate daily premiums from Bank Statements and investigate unidentified deposits.
• Coordinate requirements with stakeholders and log any failures.
• Deliver daily and monthly reports and store securely for audits.
• Participate in weekly team meetings and monthly one-on-one sessions to track progress.

Skills

MS Word

MS Excel

MS Outlook

Mathematical skills

Interpersonal skills

Education

TVET N6 Financial Qualification

Matric Qualification

Job description

About Discovery

Discovery Life

Finance Administrator Intern

(Work Intergrated Learning)

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery

Discovery Life is an ever growing fast-paced and dynamic environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for our employees to provide a world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

Key Purpose

The primary function of this role of Finance Administrator Intern is to effectively perform the tasks of the Cash Control Team for Individual Life, Invest, Group Risk and Umbrella Funds

Areas of responsibility may include but not limited to

• To be able to understand the requirements and processes of the Life Cash Control department as per Training and Standard Operating Process documents provided for Individual Life, Invest, Group Risk and Umbrella Funds
• Review of the Task schedule assigned by ensuring delivery of the Life Cash Control tasks are completed
• Ensuring that daily Billing and Collections are reconciled with exceptions investigated that does not conform to business processes or regularity requirements
• To make certain Bank Statements are reviewed daily and reconciled to system and to investigate and correct any imbalances identified
• Ensuring the daily submission files for Debit Orders and Payments are reconciled to corporate database before files can be released to the Bank and verifying the Bank’ responses
• Allocation of daily premiums from Bank Statements and ensuring that all unidentified deposits are investigated and reported
• Coordinating business requirements and queries to relevant stakeholders and to ensure any failures are logged and reported to management
• Ensuring delivery of daily and monthly reporting to business and ensure all reports are securely and correctly stored for management reviewing and audits
• Active participation in weekly Team Meetings and monthly One on One sessions where issues are identified and resolved and to record the progress of team and individual staff

Essential:

Education and Experience

• TVET N6 Financial Qualification

Advantageous:

• Matric Qualification

Essential:

Technical Skills and Knowledge

• Intermediate proficiency in MS Word, MS Excel, MS Outlook.
• Good mathematical and analytical skills.
• Good interpersonal skills.

Advantageous:

Knowledge of the Life Insurance market.

EMPLOYMENT EQUITY

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.