Credit Control Assistant at CIC Insurance

PURPOSE:

To ensure that debts are managed and maintained at it’s minimal. To ensure that there is strict adherence to the credit policy.

PRIMARY RESPONSIBILITIES:

• Participate in implementation of the company’s credit control policy
• Sending monthly statements and resolve incoming queries on outstanding accounts from intermediaries.
• Review debtor’s reconciliation and sign-offs for Insurance brokers/Insurance agents, Facultative Reinsurance business and other intermediaries
• Apply reminders on account to ensure debts are paid in a timely manner and full follow through by relevant intermediaries.
• Prepare and submit daily, weekly, and monthly reports for the department
• Referring of uncollected debts to debt collection agencies, managing legal action and reference to the Credit Reference Bureau (CRB).
• Drive collection of premium debited on a monthly basis;
• Tracing and pursuing long outstanding debtors and where possible, assess capacity to settle debts
• Follow up bounced cheques and contacts the clients for replacements as and when it arises and provides a monthly report;
• Check remittances (RTGS, EFT, IPFs) and facilitate receipting within 2 days and monitor daily receipting and banking of all premiums received;
• Visit and call intermediaries for follow up on collections and reconciliations to provide a weekly report.

PERSON SPECIFICATIONS

Academic Qualifications

• Bachelor’s degree in a related field

Professional Qualifications

• CPA (K) added advantage
• Certificate in credit control management.

Experience

• Up to two (2) years’ relevant experience

Skills and Attributes

• Planning and Organizing skills
• Interpersonal Skills
• Communication Skills
• Negotiation Skills
• Knowledge of Business Environment