MiWay Insurance Finance Internship 2024
Apply MiWay Insurance Finance Internship 2024
MiWay Insurance Finance Internship 2024 Are you a recent graduate with a passion for finance and a desire to jumpstart your career in the insurance industry? MiWay, a subsidiary of the Sanlam Group, offers an exciting Finance Internship opportunity in Midrand, Gauteng, designed to provide hands-on experience and professional growth. If you are ready to develop valuable skills and be part of a leading financial services company, this internship is perfect for you!
- Date Published: 26 September 2024
- Location: Midrand, Gauteng, South Africa
- Company: Sanlam Group
MiWay is a direct financial services company, recognized for its commitment to service excellence, innovation, and offering clients a wide range of value-packed products. We pride ourselves on giving our customers the freedom to manage their insurance needs online, removing the stress of dealing with traditional insurance hassles. MiWay’s vision is to be a world-class direct financial services business, offering services under one convenient digital umbrella.
Our company values energy, freedom, accountability, and attitude. Every employee at MiWay subscribes to these values, creating a dynamic and empowering work culture. If you are enthusiastic about problem-solving, enjoy challenges, and have a positive attitude, MiWay is the place for you!
Internship Requirements
To qualify for the MiWay Finance Internship, candidates must meet the following requirements:
- A Finance Qualification (BCom Degree or equivalent)
- Knowledge of IFRS and Tax Acts (particularly VAT)
- Familiarity with JD Edwards General Ledger (JDE system) is advantageous
- Basic Excel skills
This internship is ideal for those who are eager to learn and contribute to a fast-paced insurance environment, particularly in the finance division.
Key Responsibilities and Learning Opportunities
As a Finance Intern at MiWay, you will gain exposure to various financial processes and systems within the insurance sector. Your key responsibilities will include:
- Processing management expenses payments using the JDE system.
- Investigating and resolving accounts payable issues as needed.
- Monthly reconciliation of supplier accounts.
- Updating the fixed asset register and processing depreciation journals on JDE.
- Handling company credit card administration.
- Reconciling Visa Spend System with the General Ledger.
- Managing fleet card administration (including new applications, cancellations, and amendments).
- Preparing monthly accrual schedules.
- Participating in quarterly submissions to the Reserve Bank and SASRIA.
- Assisting with ad hoc finance-related projects.
This internship offers a broad scope of responsibilities that will not only strengthen your understanding of finance but also immerse you in the operational aspects of the insurance industry.
Core Competencies for Success
To excel in this internship, candidates should demonstrate the following competencies:
- Analytical skills to investigate and resolve financial issues.
- Decision-making abilities and sound judgment.
- Strong communication skills and the ability to persuade and influence stakeholders.
- Effective interpersonal skills to collaborate with teams and external parties.
- Adaptability to thrive in a fast-paced, changing environment.
- Initiative to proactively identify areas for improvement and innovation.
- Planning and organizing capabilities to manage tasks efficiently.
- Confidentiality when handling sensitive financial information.
- Knowledge of change management and project management techniques.
Why Choose a Career in Insurance?
The insurance industry offers countless opportunities for growth and development. Working in insurance finance will not only equip you with technical skills in financial management but also give you insights into risk management, compliance, and client-centric financial solutions.
Insurance is a resilient sector with continuous demand for innovation and adaptability. The skills you develop during your finance internship can lead to long-term career prospects within the broader financial services landscape. Whether you are interested in insurance underwriting, risk assessment, or financial analysis, MiWay’s Finance Internship will provide a strong foundation for your career journey.
MiWay’s Commitment to Professional Development
At MiWay, we are committed to helping our employees grow and succeed. As a Finance Intern, you will be part of a supportive team that encourages learning and professional development. You’ll have the opportunity to gain practical experience while contributing to real-world financial projects that drive our business forward.
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How to Apply?
- Submit your CV and a cover letter outlining your qualifications and why you are a great fit for this internship.
- Applications can be submitted via MiWay’s online job portal.
