Credit Control Team Leader

Role:

The role involves supporting Credit Control and Payables Management to ensure consistent cash controls and accurate balancing of daily cash postings to the general ledger. The incumbent will oversee daily credit control operations, delegate tasks, track collections, and maintain financial records. They will also review accounting functions, ensure compliance, and manage accounting documents, while adhering to the company’s credit policy and guidelines.

Follow all relevant departmental policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.

• Supervise, train and develop associates to ensure they are fully aligned with all internal protocols.
• Manage Reconciliation team on a daily basis and assist them on recon, collection, RI settlements.
• Monitoring Insurance and reinsurance account details for non-payments, delayed payments and other irregularities
• Review recons each month/Quarterly and explain plan of action for resolving all variances.
• Review monthly reconciliation for specific balance sheet accounts. Accounts to be reconciled include Accounts Receivable, Inter-company Finance Charges and Customer Refund
• Ensure timely RI settlement when a premium under a RI driven policy is partially &/or fully collected.
• Ensure that entries relating to inter-company cash transfers are posted properly.
• Supervise credit control processes and procedures to ensure quality and efficiency.
• Ensure that daily transaction information balances with AR upload information and GL postings.
• Assist with preparation of information/data for external auditors in the annual audit of the financial records, as needed
• Review journal entries, preparation and review of Balance sheet and Bank reconciliations.
• Support in preparation and reporting of Management Reports.
• Supports in monthly accounting close cycle.
• Supervises all month-end and year-end accounting procedures including preparation and entry of journal entries for Credit Control systems.
• Maintains regular contact with other departments / external clients to obtain and convey information and/or to correct transactions.
• Keeps management informed of area activities and of any significant problems.
• Attends and participates in meetings as required.
• special projects and miscellaneous assignments as required
• Other duties as assigned.
• Ensures that work area is clean, secure, and well maintained.
• Perform monthly reconciliation of direct & Broker related accounts.
• Timely booking of receipts and allocation of receipts against relevant invoices in customer and broker accounts.
• Allocation of contra entries in on time and maintain clear & accurate books for all accounts.
• Timely monitoring accounts to ensure that no additional bad debt accounts are created.
• Maintains regular contact with internal customers (other departments) to obtain and convey information, timely billing, to correct transactions and/or resolve disputes.
• Maintains regular and constant contacts with all local and int’l insurance and reinsurance cos and brokers.
• Regular visit to insurance companies and brokers to monitor progress on recons.
• Monthly reconciliation and settlement of broker commission.
• Assist CCM for monthly closing activities.
• Any adhoc tasks that the CCM assigns time to time.
• Coordinate with external Auditors and provide required documents for timely completion of audit.

• Bachelor’s Degree or related educational qualification
• 4 to 6 years of relevant experience
• Language Requirements: Full professional proficiency in English.