Position Description

Title: Finance Assistant Commissions (Finance Department)
Industry: Insurance
Reporting To: Department Assistant Manager
Location: Bedfordview

Summary:

Our client based in Bedfordview, who are in the insurance industry, are seeking an experienced FINANCE ASSISTANT to prepare commission calculations and payments for all broker commission payments. The Finance Assistant will communicate with brokers in terms of statements being sent out as well as all commission reports. The Finance Assistant provides a professional point of liaison and communication with brokers and clients in respect of premium collections

Minimum Requirements:

• Matric Certificate
• Finance qualification (beneficial)
• Minimum 5 years relevant finance experience
• Strong Excel skills
• Pastel Evolution experience (beneficial)
• MUST be fluent in English and Afrikaans’
• Willingness to work overtime

Duties and Responsibilities:

Commission Payouts and Reporting

• Preparation of payment listings for commission by required dates – accurately.
• Sending of commission statements and remittance advices by required dates.
• Ensure all new brokers are loaded on Pastel timeously, and CSV file prepared for Nedbank.
• Escalate any brokers added to system with no banking details
• Preparation of all other reports which are sent to brokers by set deadlines

Broker Queries

• Ensuring that all broker queries received are handled efficiently and the broker receives the level of service expected.
• When brokers send queries ensure feedback is provided within 1 working day.
• TCF – Apply the principles of TCP in all relations with brokers. Always ensuring fair treatment of customers when dealing with commission payments or queries
• Ensure broker is kept up to date with all developments on their specific matter etc.

Debtors Control

• Following up on debit balances where commission is owed back from brokers continuously and ensure that funds owed get received.
• Debit balances at end of month to be added to spreadsheet and updated and emailed to new brokers for the month.
• Every week all amounts owing need to be updated and communication sent to brokers at least once a week.

Broker / Binder Outsource Fees

• Reconcile B\O fees per system to Matrix’s received

Premium Board Reconciliations and Investments

• Perform daily recon of premium deposits.
• Resolution of all differences.
• Investment of premium receipts during the month

Projects

• Involvement in ad hoc projects within the company to improve processes or efficiencies.

Package on Offer:

• Highly negotiable based on qualifications and experience