• Application Deadline: Sun, 19 Nov 2023 00:00:00 GMT
• Position: Credit Control Officer / Receivable Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 3 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Description

• The Credit Control / Receivable Officer role involves tracking and collecting due premiums through process management and the credit cycle in all business lines, entailing continuous interface with underwriting team, Marketers and Brokers / Agents, the review and analysis of debtors’ statistical reports and comprehensive reporting to all key stakeholders.

Main Responsibilities

• Checking the statements received for accuracy (including verifying information reported to contract terms where applicable) and querying any areas of concern with the underwriters / cedants and/or brokers.


• Investigation of overdue receivables to ensure the associated bookings are correct.


• Updating Brokers balances against cash allocation/pairing.


• Ensuring compliance with established internal controls and procedures.


• Ensure accurate processing of all receipts/settlements/payments to the appropriate ledger, having agreed the items with the relevant third party.


• Ensure allocation of all receipts/payments against the respective technical entries on the ledgers, and to be able to reconcile any balance due to/from the third-party statements.


• To investigate any settlement or technical queries promptly and proactively on the ledgers, liaising with the underwriters and claims teams as appropriate to resolve the queries.


• Circularization of accurate and timely statements of account to all third parties, as required to facilitate prompt settlement of balances.


• To operate best practice credit control procedures to ensure Terms of Trade are met.


• To produce various management reports and analyses of the ledger balances, cash etc. as requested by the finance & operations director or others in the business.


• To proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the finance department.


• To undertake any other tasks as requested by , in order that the team achieve its objectives.


• Prepare all Credit Control Reports as required by management.

Role Requirements

• Minimum of B.Sc. relevant discipline from a reputable Institution.


• Professional qualification (ACA will be an added advantage)


• At least 3 years years experience in financial operations (particularly credit control) of insurance companies.


• Proficient in English and able to relate and communicate effectively with people.


• Work well in a team environment.


• Organized, deadline focused, meticulous with an eye for detail and able to work with minimum supervision.


• Ability to manage ad-hoc, non-standard and often unstructured requests, at short notice.


• Motivated to take ownership of work and to seek further responsibilities.


• Numerical/analytical skills is mandatory.


• Strong interpersonal and communication skills (written and oral).


• Excellent presentation, negotiation, and leadership skills.