Nedbank: Stokvel Administrator

Requisition Details & Talent Acquisition Details

103614 – Debbie Fuyani

Location

KZN – Umhlanga Rocks

Cluster

Nedbank Wealth Insurance

Career Stream

Administration, Transactional Processing and Production

Leadership Pipeline
Manage Self: Technical
Position

Stokvel Administrator

Job Purpose
To provide quality and accurate business administrative support services to internal and external stakeholders enabling Nedbank to achieve its business goals.
Job Responsibilities
  • Action stakeholder requests by capturing and processing the administration request on the relevant system.
  • Action vendor invoice payments by capturing and processing the data on the relevant system.
  • Perform reconciliations from Supplier invoice and general leadger accounts by comapring with the supporting documents and Management Information Systems (MIS).
  • Contribute to revenue increase by driving the submitted sales to completion.
  • Compile a catalogue of services by allocating costs per product.
  • Ensure recovery of costs for services rendered by maintaining and monitoring the transfer pricing system.
  • Ensure delivery of value for services rendered by utilising product MIS as input into vendor engagement meetings for the purpose of driving down costs.
  • Monitor departmental financial performance by analysing actual to budget variances.
  • Contribute to efficient budget compilation by applying statistical growth information to financial expenditure requirements.
  • Minimise financial and reputational risk by ensuring accuracy of processing activities.
  • Minimise operational costs by avoiding unnecessary expenditure.
  • Provide feedback to internal and external stakeholders by generating and making available relevant reports and MIS.
  • Meet and exceed internal and external client needs by timeously responding to queries and actioning the request within the Service Level Agreement (SLA)
  • Ensure to follow through relevant tasks by monitoring and verifying the process flow till completion.
  • Ensure to verify and authenticate reports, data and transactions by physically extracting, generating and checking reports from the system.
  • Verify client information on systems in accordance with Nedbank policies and FICA rules.
  • Prepare trustee meeting packs and month end packs for management .
  • Maintain and update the administration files and legal documents by saving electronic files on server or physical secure repository.
  • Escalate anomalies where cases or call records not found or if there a  mismatch of accounts are not logged by emailing Team Manager.
  • 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.
  • Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
  • Identify and recommend opportunities to enhance processes, systems and policies and support implementation of new processes, policies and systems.
Essential Qualifications – NQF Level
  • Matric / Grade 12 / National Senior Certificate
Preferred Qualification

Diploma: Financial Management / Diploma in Business Administration

Minimum Experience Level

2 – 3 years working experience as a Stokvel Administrator dealing with Group Schemes in the Short Term insurance withint the Banking/Financial Services Industry.

You May Also Like To Apply For Related Post:

Type of Exposure
  • Completing various administrative duties (e.g. answering phones; making copies; filing)
  • Managing conflict situations
  • Comparing two or more sets of information
  • Communicating internally
  • Tracking cost against a budget
  • Capturing data
  • Checking accuracy of reports and records
  • Drafting reports
  • Managing customer expectations
Technical / Professional Knowledge
  • Administrative procedures and systems
  • Banking knowledge
  • Banking procedures
  • Business terms and definitions
  • Data analysis
  • Relevant regulatory knowledge
  • Business writing skills
  • Product Knowledge
  • Relevant system knowledge
  • Governance, risk and controls
Behavioural Competencies
  • Communication
  • Collaborating
  • Customer Focus
  • Initiating Action
  • Work Standards
  • Managing Work
Declaration

Preference will be given to candidates from the underrepresented groups

Please contact the Nedbank Recruiting Team at +27 860 555 566

Apply Now

Updated: June 16, 2020 — 9:24 am

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