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.
Experience in the use of Microsoft Office applications (Word and Excel etc).
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.
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 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 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.
Interpret and apply accounting policies, rules, and regulations to all work in order to ensure compliance with applicable standards.
Stakeholder Management:
Provide support to the broader Life Operations teams.
Establish, maintain and build relationships with key stakeholders.
Liaison function with internal and external departments.
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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