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Finance Administrator - Commissions

Business Unit:  Discovery Insure
Function:  Accounting
Date:  22 Nov 2024

Discovery – Insure

 

Finance Administrator – Commissions

 

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

 

About Discovery Insure

Discovery Insure is committed to creating a nation of great drivers and building better businesses through our innovative Shared-value Insurance model. Discovery Insure is South Africa’s fastest growing short-term insurance company with comprehensive products that provide protection against current and emerging risks facing clients in the motor, home and business insurance sectors. Vitality Drive, an internationally-recognised and award-winning programme, is a key differentiator in the market that incentivises and rewards clients for driving well. The Vitality Drive programme has been scaled to local and international markets which now include Europe and the Middle East. The company employs over 1 000 people who are committed to putting our customers and financial advisers first by providing unique and innovative solutions and cover.

 

Key Purpose

Processing general finance and specific commission functions as required, delivering results and meeting client expectations. Responsibilities include resolving commission queries; system enhancements, testing and reconciliations. Applicant needs to have strong analytical skills, ability to work within a team, follow instructions and procedures as well the ability to cope in a high pressure environment.

 

Areas of responsibility may include but are not limited to

  • Liaising between various business units
  • Reconciliations
  • Functional and in depth testing on commissions and other related functions
  • Reconciling files on our data comparison system to our main policy system
  • Validating commission movement on the reporting system
  • Addressing broker and business commission queries and resolving them within a set SLA

 

Skills

  • Excellent time management and organizational skills
  • Problem Solving skills
  • Attention to detail and high level of accuracy
  • Excellent Communication skills
  • Coping with Pressure and Setbacks
  • Ability to multitask and prioritize
  • Strong knowledge of commission and finance process and systems
  • Excel proficiency (intermediate)

Education and Experience

 

Education:

  • Matric (Essential)   
  • Relevant Degree/Diploma in Finance or Accounting - (Advantageous)

 

 Minimum Experience:              

  • 2 years’ experience working in a financial institution (Essential)
  • 1 year short term insurance experience (Advantageous)
  • 2-3 years financial administration experience (Essential)
  • 1 year commission experience (essential)

EMPLOYMENT EQUITY   
                             
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

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