Financial Controller- Commissions

NVest Financial Holdings Limited

  • East London, Eastern Cape
  • Permanent
  • Full-time
  • 15 days ago
We are looking for a Financial Controller -Commissions to join our team in the East London office. The successful candidate will be responsible for Commissions reporting as well as additional support in financial management work allocated for the subsidiaries within the group.Roles and Responsibilities:- Process and allocation of all commissions received from institutions and clients to representatives (advisors) and agents, as and when received;- Investigating any material differences in commissions raised and received;- Manage and execute debit order runs, board runs and monthly period runs.- Prepare and distribute sub-agent commission statements to the relevant stakeholders.- Reconcile insurer premium payments and ensure accuracy and completeness of transactions.- Process and pay client refunds in line with company procedures.- Prepare debtor invoices, monitor outstanding balances, and follow up on overdue payments.- Compile and submit monthly and ad-hoc reports for insurers, internal stakeholders and financial management.- Maintain accurate financial records and support monthly reporting requirements.- Handle queries and provide support to insurers, underwriters, and internal stakeholders.- Ensuring accurate and effective maintenance and capturing of commission records and liaising with various staff members responsible for same.- Following relevant existing documented processes to ensure that all responsibilities and functions are accurately and effectively performed;- Ensuring required deadlines are adhered to;- Ensuring that knowledge of required internal and third party software packages in order to complete daily tasks remains market related and of a good standard (e.g. Xero, Accpac, Excel, MS Word, Outlook and any other packages that may be used from time to time);- Checking work for correctness to ensure integrity of information captured in order to minimise the potential for negative financial impact on the Company;- Exercise due care in the performance of your duties in order to minimize potential losses to the company;- Supporting with introducing innovation and technology applications to simplify, automate and introduce best practices;- Review and analyse recorded financial information to assist management with insights for better decision making;- Assisting and getting involved in extra mural activities arranged from time to time (e.g. staff socials, assisting at after-hour or weekend marketing events, fundraisers etc) in order to both help promote a good internal working environment as well as promote NVest and Group companies positively to the public.- It is expected that you will volunteer to assist from time to time when required as it is important for the company that we have staff who are prepared to offer their additional time and service to the company in order to retain our strong brand and presence;- General administrative functions that may be required of you from time to time.- BCom Accounting degree ( Advantageous)- Minimum of 5 years experience in a finance-related role, at an intermediate level.- Working knowledge or exposure to commissions;- Experience in preparation of monthly financial reports;- Experience in preparation of audit files /assistance with annual audits;- Experience in Microsoft, Sage AccPac, Xero, Spotlight, COMM space or another recognised accounting software packages( Advantageous);- Good Microsoft Excel skills including advanced formulae;- Strong numerical skills and aptitude;- Good peoples skills in respect of both staff and clients and be able and willing to effectively communicate verbally and electronically;- Must be able to understand and follow accounting policies and procedures;- Problem solver and ability to make suggestions and recommendations for improvements to existing systems;- Excellent attention to detail;- Ability to use initiative and work under pressure;- Be someone who takes responsibility and ownership of a role and prefers to operate under only limited supervision;- Ability to work overtime if / when required;- Ability to communicate at first language English level.PLEASE SEND CV WITH THE FOLLOWING INCLUDED IN A COVERING LETTER OR EMAIL(if the application does not include the below, your application will not be considered and your CV will not be read):A brief introduction of yourself (summarising your main strengths and weaknesses and summarising what type of a person you are one paragraph will suffice); * your desired monthly salary range;
  • why you are looking for a new position;
  • date of availability;

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