Credit Controller - Reinsurance

Transguard Workforce Solutions is the UAE’s leading provider of unique and innovative HR solutions. With a decade of experience in the region and a team that possesses extensive knowledge of the market, we provide a fully integrated HR solution.

We are currently recruiting for an Credit Controller Reinsurance operations for our client to be based out of their Abu Dhabi office.

Responsibilities:

The job holder is responsible for supporting the Credit Control & Payables Management in ensuring that Cash Controls for Credit Control systems and controls for Balancing of Daily Cash Posting to the general (GL) are consistently applied. Manage the day-to-day credit control activities of the company by scheduling jobs and delegating duties to assistants, logging collections, maintaining financial records. Effectively communicate with internal and external counterparts and maintain a positive working relationship. Review accounting functions; administer compliance, accounting documents and ledgers. Strictly follow Company’s credit policy and fully complied with guidelines.

Accounting Operations:

• Monitoring Insurance and reinsurance account details for non-payments, delayed payments and other irregularities
• 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.
• Review recons each month/Qtrly 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.

QUALIFICATIONS, RELEVANT CERTIFICATIONS & EXPERIENCE:

• Must be working in an Insurance company.
• Must have minimum EXPERIENCE 4 to 6 years of experience in Reinsurance Operations.
• QUALIFICATIONS Bachelor’s Degree
• RELEVANT CERTIFICATIONS(either required or preferred) NA
• LANGUAGE REQUIREMENTS Full professional proficiency in English Language