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:

Formal Education:

• Matric with mathematics and accounting.

Technical/Legal Certification:

• National diploma (an advantage).

Experience:

• 1 Year of finance experience (an advantage).
• Exposure to the insurance industry would be beneficial.
• A working knowledge of AIMS is preferred.