Job Description
About the Role
Isilumko Staffing is seeking a skilled Financial Administration professional to join our team in Pretoria. As a key member of our support staff, you will be responsible for managing financial administration tasks, ensuring accurate and timely processing of commercial stop order deductions and refunds. If you have excellent administrative skills and a keen eye for detail, we encourage you to apply.
Key Responsibilities
- Request commercial stop order deductions (TCF)
- Retrieve deduction request files from Aims
- Extract different deduction requests from Aims reports and prepare them for submission to various institutions via email
- Follow up on deduction requests distributed by Hyphen
- Reconcile commercial stop order receipts
- Request feedback from different institutions to support the deposits made into the CSO bank account (TCF)
- Perform a reconciliation between the deduction requests submitted and the feedback received from different institutions, ensuring that the feedback aligns with the amount deposited into the bank account
- Update any differences identified through this reconciliation in Aims to ensure accurate reflection of receipts (TCF)
- Allocate deposits in FNB Deposit account and bank account journal(s)
- Investigate the system-generated exception report concerning deposits that couldn’t be allocated in AIMS
- Conduct monthly reconciliation between the bank statement and transactions allocated on AIMS (both system-generated and manual) to ensure completeness and accuracy
- Prepare the journal to be posted to Sage
- Calculate amounts to be refunded to policyholders (TCF)
- Process refund requests that have been received
- Identify all Aims transactions related to the refund
- Perform calculations based on the number and value of premiums received, taking into account any applicable premium increases
Requirements
- Matric with mathematics and accounting
- National diploma (an advantage)
- 1 Year of finance experience (an advantage)
- Exposure to the insurance industry would be beneficial
- A working knowledge of AIMS is preferred
Qualifications
- Formal Education: Matric with mathematics and accounting
- Technical/Legal Certification: National diploma (an advantage)
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Insurance Sales/Marketing Jobs in Gauteng
The insurance sales and marketing sector in Gauteng, South Africa is a dynamic industry with a constant demand for skilled professionals. Typically, this field is driven by the financial services sector, which often requires innovative marketing strategies to attract clients and maintain market share. Generally, the job market for insurance sales and marketing roles in Gauteng is competitive, with many established companies seeking talented individuals to join their teams.
Typically, salaries for insurance sales and marketing professionals in Gauteng vary widely depending on factors such as experience, company size, and industry sector. Common broad salary ranges for this field range from R300 000 to R800 000 per annum, although it is essential to note that actual salaries can differ significantly depending on individual circumstances. For example, senior executives or those working in specialized industries may command higher salaries than entry-level professionals.
Common skills required for insurance sales and marketing roles include excellent communication and negotiation skills, a deep understanding of the financial services sector, and proficiency in software applications such as CRM systems and data analysis tools. Other essential skills often include leadership abilities, strategic thinking, and the ability to build strong relationships with clients and colleagues. Additionally, knowledge of industry-specific regulations and compliance requirements is also crucial for success in this field.
Insurance sales and marketing roles can be found across various industries, including financial services, technology, manufacturing, and more. The financial services sector, in particular, is a significant employer of insurance professionals, as are the technology and healthcare industries. Common job titles include Insurance Sales Executive, Marketing Manager, Account Manager, and Business Development Manager.
Career development opportunities for insurance sales and marketing professionals are often limited to internal promotions or lateral moves within the company. However, many companies also provide training and development programs to help employees build new skills and advance their careers. For those looking to transition into this field, gaining relevant experience in a related industry or pursuing additional education or certifications can be beneficial. With dedication and hard work, it is possible to establish a successful and rewarding career in insurance sales and marketing in Gauteng.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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