Head of Credit Management at Heritage Insurance

Reporting To: General Manager – Finance & Administration

Main Purpose of the Job: This is a strategy role responsible for management of Company’s credit risk in line with the Insurance Act and the credit policy as amended from time to time.

Key Responsibilities / Accountabilities

• Executing strategic initiatives aimed at reducing the credit exposure to the business.
• Management of cross functional relationship affecting premium records.
• Constant review and improvement of existing processes linked to credit management.
• Regular feedback to senior management and recommendations for improvements.
• Constant interaction with all stakeholders to manage the consequence of uncollected premiums
• Full compliance to credit management policy, and if necessary recommendation for change due to changes in legal and operating environment.
• Staff development and training on debt management.
• Referral of uncollected debt to debt collection agencies, managing legal action and reference to the Credit Reference Bureau (CRB)

Key Skills, Knowledge, Experience and Personal Competencies

Education

• Degree in an Accounting or Finance from a recognized university
• Qualified CPA (K) or ACCA
• Credit Management qualification is an added advantage

Experience

• At least seven (7) years of which at least three (3) years should be in managerial position in credit management, with proven track record.
• Experience in credit management in a large company operating in financial services industry is an added advantage.