Finance Assistant at CIC Insurance

Finance Assistant at CIC Insurance – CIC Insurance Kenya Job Details

PURPOSE:

Responsible for Branch credit reports, debtors reconciliation, receipting, banking, and petty cash management

PRIMARY RESPONSIBILITIES:

• Participate in the implementation of the company’s credit control policy;
• Sending monthly commission and debtors statements and resolving incoming queries on outstanding accounts from intermediaries;
• Apply reminders on account to ensure debts are paid in a timely manner and fully followed through by relevant intermediaries;
• Referring of uncollected debts to debt collection agencies, managing legal action, and reference to the Credit Reference Bureau (CRB);
• Drive collection of premium debited on a monthly basis;
• Tracing and pursuing long outstanding debtors and where possible, assessing capacity to settle debts;
• Follow up bounced cheques and contact the clients for replacements as and when it arise and provide a monthly report;
• Check remittances (RTGS, EFT, IPFs) and facilitate receipting within 24 hours and monitor daily receipting and banking of all premiums received;
• Visit and call intermediaries for follow-up on collections and reconciliations to provide a weekly report

Academic and Professional Requirements

Education 

• Bachelor’s Degree in a relevant field,    E
• Computer literate in MS Office and other office applications    E
• CPA, ACCA or Certificate in Credit Control Management D

Experience Required:

• Relevant experience    2