Senior Financial Administrator:Insurance at Nedbank

Job Purpose

• To prepare; analyse; interpret; collate and present financial and non-financial information in order to drive strategy; enable decision making and support Nedbank Business Units; as per the business strategy.

Job Responsibilities

•  Preparation of month end journals to produce valid, accurate and complete monthly reporting.
• Perform quality control checks (daily and monthly process) by verifying data accuracy, proper authorisation by preparation of monthly reconciliations.
• Preparation of monthly invoices for payment.
• Assist in providing formal commentary and interpretation on financial information to stakeholders through variance analysis.
• Preparation of SASRIA documentation for review and submission.
• Preparation of reinsurance accounts which reconcile to third party support.
• Preparation of group reporting on a monthly basis.
•  Assist with the year-end and bi-annual SASRIA audit. 
• Assisting with non-life projects/initiatives to ensure all of finance requirements are met
• Understanding business trends, projecting forwards and making recommendations where appropriate.
• Ensure that reporting deadlines are met by adhering to set deadlines.
• Assisting with ad-hoc requests from management or any other stakeholders in the business 
•  Build and maintain strong internal and external relationships by attending relevant meetings and regular communication.
• Build trusting professional relationships by sharing professional knowledge, meeting deadlines and providing high quality work.
• Ensure all general ledger entries are accurate and correctly posted and approved by checking daily reports, performing quality control checks and querying incorrect postings.
• Ensure compliance by following regulations, policies and procedures.
• Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters, websites and attending sessions.
• Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers
• Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced and certifications obtained and/or maintained within specified time frames.
• Ensure information is provided correctly to stakeholders by maintaining knowledge  sharing knowledge with team.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
•  Identify and recommend opportunities to enhance processes, systems and policies and support implementation of new processes, policies and systems.

Minimum Experience Level

•  1-2 years' experience in insurance accounting is essential together with 2-3 years' experience in Accounting / Financial Management

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Essential Qualification

• Bachelor of Commerce: Accounting or Financial Management

Preferred Qualification

• Bachelor of Commerce: Accounting (Honours)

Type of Exposure

• Working with a group to identify alternative solutions to a problem
• Completing various administrative duties (e.g.; managing records and reports)
• Sharing information in different ways to increase stakeholders understanding
• Comparing two or more sets of information
• Communicating internally and externally
• Tracking cost against a budget
• Checking accuracy of reports and records
• Building and maintaining effective relationships with internal and external stakeholders
• Managing customer expectations
• Interacting with diverse people
• Implementation of projects