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This position reports to AR -MANAGER and is guided by the credit policy and market trends and practices. The holder is expected to obtain intelligence information and share it with profit centers and credit control assistants to improve the collection process.
The holder is expected to build good working relationships in banks and premium finance institution, all major insurance intermediaries, and profit centers to facilitate collection.
Daily review of receipts and payments postings to debtors ledger –ensure they balance with the cash book
Daily identification of un –allocated cash ( receipts)and payments in the debtors ledger – using daily PMU downloads
Review of monthly ledger and statements –prepare exceptional report and identify write offs, and over due premiums
Meet weekly collection targets and refer problems accounts to profit centers managers
Refer defaulting accounts to lawyers to institute legal action or to debt collectors after approval by the credit committee Ensure that monthly WH/tax and annual returns are prepared make broker visits and other companies clients and re-insurers
Convene the war room and follow up action plans, distribute and explain data to the PCM
Recommend to the credit committee which producers should have their credit facility withdrawn
Liaise daily with underwriters on queries raised by producers
Monthly review of Bad debts and provisions
Ensure that debtors ledger is is properly aged and is in agreement with G/L
Convening and chairing reconciliation and confirmations meetings with producers based on correct statements and facilitate settlements
Co-ordinate debtors accounts opening and carry out checklist prior to accounts opening
Check and review agents commission monthly , ensure that the paid commission are allocated-ensure that only licensed agents are paid their commissions-
Minimum 2 years credit control experience, preferably in an insurance environment. Experience in Financial reconciliations as well as working with Share Service Centre partner in a Multinational environment. The candidate must have intermediate to Advance Excel skills, be a team player, be able to work in a high pressurized environment, be able to communicate effectively with internal and external stakeholders, and needs to be able to work independently