Credit Controller

Jobs in Kenya

Position Description 

Monthly Roles

Convene the monthly credit control meetings, distribute minutes and follow up action plans, distribute and explain data to the Profit Center Managers. 
Monitor credit sales daily and establish that the credit is authorized – report the un authorized to the credit committee 
Daily review of receipts and payments postings to debtors ledger –ensure they balance with the cash book 
Daily identification of un –allocated cash ( receipts)and payments in the debtors ledger – and coordinate allocation with the Assistant Credit Controllers
Review of monthly ledger and statements –prepare exceptional reports and identify write offs, and over due premiums 
Set monthly  collection  targets, follow them up on weekly basis and refer problems accounts to profit centers managers
Refer defaulting accounts to lawyers to institute legal action or to debt collectors after approval by the credit committee. 
Ensure that monthly WH/tax and annual returns are prepared and payments done.
Arrange and manage broker visits and other companies clients and re-insurers to resolve long outstanding debtors
Recommend to the credit committee which producers should have their credit facility withdrawn 
Liaise daily with underwriters on queries raised by producers 
Monthly review of Bad debts and provisions 
Ensure that debtors ledger is properly aged and is in agreement with G/L 
Convening and chairing reconciliation and confirmations meetings with producers based on correct statements and facilitate settlements
Co-ordinate debtors accounts opening and carry out background check prior to accounts opening
Check and review agents commission monthly , ensure that the paid commission are allocated-ensure that only licensed agents are paid their commissions
Coordinate reconciliation of all Debtors related reconciliations
Coordinate regional reporting on Open and Reconciling items for all account reconciliations

Quarterly
Review all debts over 120 days and ensure adequacy of provision as per FAS 5 rules
Compile all relevant reports and submit the same to region after review
•Tie the aged debtors listing with the Local Accounts reports
•Train and coach the Assistant Credit Controllers on the best way to manage debtors portfolio

Position Requirements

  
JOB PURPOSE

The job is expected to ensure that credit control procedures are adhered to and collection of over due debts is done.

The position ensures CHARTIS Kenya collects all the cash due to it on time hence improves cash flow.

It also ensure compliance with the insurance act, Finance and Accounting together with the Account Receivables Statement of Operations

Reconciliation of all receivable accounts and coordination of reconciliation and open items reports will be key to this position.

Handle all defaulting clients collections in liaison with legal department 

NATURE & SCOPE

This position reports to the Finance Manager/Comptroller and is guided by the credit policy and market trends and practices.  The holder is expected to obtain intelligence information and share it with profit centers and Assistant Credit Controllers to improve the collection process.

This position is expected to design work methods and systems, train, delegate and constantly review the credit tasks to members of the credit control team.

The holder is expected to build good working relationships with banks and premium finance institutions, all major insurance intermediaries, and profit centers to facilitate collection.

About Us 
Chartis is a world leading property-casualty and general insurance organization serving more than 40 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence. For additional information, please visit our website at http://www.Chartisinsurance.com.

At Chartis we support and encourage a diverse work environment.  EOE.