EXECUTIVE/SN EXECUTIVE (INSURANCE)

Job Responsibilities:

SUMMARY OF RESPONSIBILITIES

The Credit Control Executive is responsible for overseeing the company’s credit management process, ensuring timely collection of outstanding debts, conducting debtor and creditor reconciliations, and minimizing financial risks. This role requires a meticulous approach to reviewing credit terms, managing accounts receivable, and ensuring the smooth operation of the credit control function in alignment with company policies and guidelines.

• Monitor intermediary accounts and outstanding debts to ensure timely collection of receivables.
• Follow up on overdue payments by initiating communication, sending reminders, and negotiating payment terms when necessary.
• Prepare aging reports to track the status of outstanding invoices and overdue amounts.
• Manage the process of credit approvals and extensions, ensuring compliance with company policies.

• Perform monthly debtor and creditor reconciliations, ensuring accuracy in the accounts receivable and accounts payable records.
• Investigate and resolve discrepancies between the company's financial records and intermediary accounts.
• Prepare and maintain detailed reports on reconciliation activities, identifying any irregularities or unresolved items.

• Provide regular reports on credit control activities, including debt collection performance, and outstanding receivables.
• Analyze customer payment patterns and credit behavior to identify potential risks or areas for improvement in the credit management process.

Job Requirements:

2. Experience: Minimum 2-3 years of experience in credit control and financial reconciliation. Experience in debtor and creditor management within an insurance or financial services environment is a plus.

3. Technical Skills: Strong knowledge of reconciliation processes and accounts receivable/payable management.

4. Advanced skills in Microsoft Excel for financial reporting and analysis.