Credit Controller – Team Lead at UAP InsuranceJob Description
To ensure that the company’s credit policy is sufficiently adhered to by effectively and efficiently managing the debtors so that the company meets its financial obligations and comply with the legislation
Recommended:
- Provide leadership to the credit control department
- Ensure strict adherence to the company credit policy of cash and carry to ensure compliance
- To issue and allocate all receipts on time to respective intermediaries, direct customers etc
- Ensure smooth and effective running of the position by ensuring all outstanding debts (if any) have been collected within the time limit
- Overall in charge of stationery control and allocation to intermediaries. Timely reconciliation of used cover notes and sticker books and submission back to HQ
- Ensure collection targets are in line with the company’s strategic objective to ensure no credits offered to allow the company meets its financial obligation
- Debtors Accounts reconciliations
- Co-ordinate collections, reconcile, banking and pursue legal action for defaulters to maximise on collections
- Ensure timely commissions computation and request for payments are done timely
- Reconciliation and allocation of intermediaries’ statements and ensure timely dispatch of intermediaries’ statements
- Resolving intermediaries’ queries and complaints
- Issue cancellations on all unpaid premiums after 7 days after due process has been followed
- Ensure that all documents are properly filed and available at all times
- Any other duties which may be assigned from time to time
Skills
Account Reconciliations, Credit, Credit Policies, Reconciliations, Strategic
Education
Closing Date
31 May 2024
The Old Mutual Story!
Reinsurance Officer at UAP Insurance
To monitor the various reinsurance arrangements including treaty and facultative reinsurance protection for all classes of business written by the company in line with the companies operating manuals.
Key outputs
The following key outputs are required from this role.
- To perform routine reinsurance administrative duties, such as maintaining records.
- To verify and process payments for reinsurance companies by providing status reports on payments.
- To organize and prepare monthly and quarterly reports on reinsurance
- To record reinsurance information accurately.
- To perform reconciliation of premium billing statements, WHT tax calculations and maintain various reinsurance registers.
- To provide guidance to underwriting, claims and finance teams on reinsurance.
- Train new staff on the Reinsurance product
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Deliverables (work elements)
The following detailed outputs are required from this role.
- To analyze the risks accepted and ensure risks are yielded properly
- To obtain all necessary underwriting information required to place the risk in the reinsurance market.
- To arrange proper reinsurance protection as and when required
- To manage the administration of the reinsurance activities
- To monitor timely submission of closing and accounting documents as well as for settlement of premium recovery of claims from reinsurers
- To maintain accuracy of reinsurance contracts with reference to original terms at which reinsurance is accepted
- To maintain efficient communication lines between the company and brokers
- To prepare reinsurance underwriting and claims statistics on a regular basis and update the same at periodic intervals as per requirements.
- To review reinsurance payments/recoveries relating to reinsurance premium, commissioning and claims
Skills
Education
Bachelors Degree (B): Mathematics With Acturial Studies (Required)
Closing Date
31 May 2024
The Old Mutual Story!
