PURPOSE:
Responsible for ensuring CIC account receivable are reconciled and signed off with the respective intermediaries and clients.
PRIMARY RESPONSIBILITIES:
- Responsible for meeting targets in monthly receivables and keeping bad debt to a minimum.
- Monitoring debtor balances to ensure a reduction in debtor’s DSO; Ensuring credit and collection policies and procedures are followed within your team.
- Clients and intermediary visitation, calls and emails chasing from debtors.
- Liaise with sales Managers regarding overdue/disputed accounts
- Disputes review on a weekly basis with escalation to GCFO as appropriate.
- Dealing with overdue accounts that have gone into dormant including liaising with third party recovery agencies.
- Liaison with underwriting and claims department for closure of reconciling items
- Resolution of recon items and ensure closure
- Monthly sign –off of the intermediary balances with the respective debtors
- Preparation of debt reconciliation monthly reports to be table to credit control strategy committee.
- Responding to relevant client and intermediary’s enquiries; Processing and reconciliation of invoices; Checking and posting of receipts to accounting systems.
| Key Skills, Knowledge, Experience and Behavioural Competencies | |||||||||||||
Academic and Professional Requirements
Experience Required:
Qualifications & Skills Required: · At least 5 years relevant experience in a similar role. · Strong knowledge of debt management, collections, reconciliation. · Excellent communication and presentation skills · Problem solving skills · Excellent interpersonal skills · Good analytical skills |
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| CIC Insurance Values | |||||||||||||
| CIC insurance Group is committed to providing excellent service, spur further growth and employees are required to align their behaviour to the following core values as critical to driving their performance;· Integrity- Be fair and transparent
· Dynamism- Be passionate and innovative · Performance- Be efficient and results driven · Co-operation- Live the Co-operative spirit |
If you have the aforementioned professional and academic qualifications and you are ready to execute the above mandate, strictly apply through: https://careers.cicinsurancegroup.com/ clearly indicating the position being applied for.
The application should reach us by close of business on 10th January 2025. Please note only short-listed candidates will be contacted. If you do not hear from us by 31st January, 2025 consider your application unsuccessful.
