Website IIE MSA and IIE Varsity College
The Independent Institute of Education is South Africa’s largest registered and accredited private provider of higher education. The IIE is also internationally recognised by the British Accreditation Council. Varsity College, a brand of The IIE, leads in the provision of these exciting learnin… read moreg initiatives of The IIE. The IIE is registered with the Department of Higher Education and Training as a private higher education provider, has more than 57 qualifications accredited by the Higher Education Quality Committee and is a subsidiary of ADvTECH Ltd, a public company listed on the Johannesburg Stock Exchange. This scale and status assures our leading position in higher education. IIE MSA, formerly known as Monash South Africa, was founded in 2001 by Monash University. Following the acquisition of Monash South Africa by the ADvTECH Group in April 2019, the IIE MSA is now part of The Independent Institution of Education (The IIE), a leader in the higher education sphere. The IIE MSA is located on a 100-hectare campus in Ruimsig, Johannesburg, in the province of Gauteng. In addition to domestic (South African) students, the IIE MSA is home to diverse
Duties and Responsibilities:
Financial Assistance and Bursary Management
Review of bursary/ financial assistance applications against list of supporting documentation required.
Conclusion on whether application can be approved or rejected in terms of info provided and criteria.
Engagement with external funding suppliers as and when required for approved applicants who require funding. Including issuing of invoices, payment tracking and submitting commission payment requests to payments team.
Management of communication and confirmation of acceptance with applicants.
Tracking of status of applications
Management of bursaries with automatic rollover.
Management of SETA Bursaries.
Communication and reporting to campuses on applications, approvals, tracking and status of applications weekly/ monthly/ as required.
Cashbook and Debit Orders
Accurately processing of daily bank statements and escalation of all unknown payments to the bank for resolution. Accurately processing of unallocated payments to student accounts.
Accurately processing of weekly banking from the cash office (Credit/Debit card payments)
Accurate processing of legal payments on pre-legal accounts (active/bad debt write off’s).
Identifying payments for other campuses, processing of required journal and escalating to Line Manager approval and posting (NSCC and HF where required)
Preparation of payment batches in D365 for Line Manager approval and posting (NSCC and HF where required)
Processing of debit orders on the Absa banking system and or D365 (H2H) (1st /15th/ 25th ) of each month.
Ensure all debit orders returned unpaid from the bank are dealt with immediately by credit controller team and NSCCs
Registration
Timely receipting of daily cashbooks and unallocated payments
Preparation of pro-forma invoices and receipting of app and pre-regs fees in SIMS where due to EFT payments/ payments made outside of the application portal.
Batch submission and processing of AVS checks during registration.
Processing of pre-reg fees to student accounts once enrolled.
Processing of accepted and approved bursaries and concessions
Bursary reconciliation SIMS to D365 post registration.
Quality Management, Projects and Reporting
Ensure that all trackers related to department administration is maintained and updated
Maintain effective communication with both internal and external stakeholders regarding payment allocations and bursaries/concessions statuses
Ensure all comms are reviewed and approved before sending
Assistance with collating and consolidating information for reports and confirming the accuracy thereof
Assistance with projects and other requirements related to the role and for the benefit of business
Assistance with training and upskilling business and peers.
Minimum Qualification Requirements:
Minimum of Matric/ Financial Qualification ( Certificate /Diploma)
Minimum Work Experience Requirements:
Minimum of 3-5 experience within a finance role.
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