Collections Associate

Primarily responsible for achieving Credit and Collection targets through the implementation of effective strategies, process improvements, and adherence to credit policies, including R-RI-04 regulations on due from Reinsurance Facultative accounts. The role is also responsible for developing and executing collection strategies, ensuring timely recovery of receivables, and maintaining high-quality service delivery to internal stakeholders and cedant companies.

How you'll contribute

• Keep the premium receivables over 6 months within KPI% or less of the total monthly net premium receivables due from Reinsurance Facultative.
• Ensure that the policies, regulations, and guidelines related to handling of Credit & Collections for Due from Reinsurance Facultative are always complied with.
• Ensure that Monthly SOA are sent.
• Ensure that requests for Official Receipt issuance related to bulk remittances are checked and processed with as payment acknowledgement Official Receipt.
• Proactively works with individuals within the group and from other functions or teams to achieve own and group’s goals.
• Ensure the submission of reports such Aging, MA and other reports needed by Credit & Collections Department, Sales, and Finance.
• Coordinate with Underwriting / Sales on the update status of aging Premium Receivables.
• Approve acceptance of payments over allowable credit terms.
• Approve purchase order, refund payment, DARF, and request for Official Receipt issuance.
• Visitation of cedant company with accounts with aging 150 days.
• Ensure that accurate Statement of Accounts, Cancellation Notices for accounts aging 180 days, and other collection-related correspondence are sent out in a timely manner.

What we're looking for

• With 2-3 years Collections experience
• Knowledgeable of the operations of the unit/group/organization.
• Good set of communication skills & analytical skills.
• Knowledge in MS Excel, MS Word and MS PowerPoint.
• With Accounting Background / work experience.