Credit Control Accountant - Bancassurance & Travel Channel Get to know the business. AIG Kenya Insurance Co. Ltd has over 50 years of experience in General Insurance and are proud to offer AIG's innovative and tailored products and solutions to our customers across the county. We are a leading provider of insurance products and services for commercial and personal insurance customers. AIG offers a broad range of products to customers through a diversified, multichannel distribution network. About the role What you need to know: Reporting to the Credit Control Manager, this role maintains accounts and secures payments on an assigned group of delinquent accounts for selected high-volume producers and complex accounts by means of telephone, correspondence, or personal contact. Maintains complete and accurate financial records. Prepares standard financial statements and reports. Develops basic reports and maintains ledgers Responsibilities Credit Control Operations Daily review of receipts and payments postings to debtor's ledger, ensuring they balance with the cash book. Daily identification of un-allocated cash (receipts) and payments in the debtor's leger. Review of monthly leger and statements – prepare exceptional report and identify write offs, and overdue premiums. Meet weekly collection targets and refer problem accounts to the department managers. Refer defaulting accounts to lawyers to institute legal action or to debt collectors after approval by the credit committee. Ensure the monthly Withholding Tax and annual returns are prepared. Convene the war room and follow up action plans, distribute and explain data to the Underwriting department managers. Recommend to the credit committee which producers should have their credit facility withdrawn. Liaise daily with underwriters on queries raised by the producers. Monthly review of bad debts and provisions Ensure debtors leger is properly aged and is in agreement with the GL Check and review agents' commissions monthly, ensure that the paid commissions are allocated and ensure that only licensed agents are paid commissions. Audit & Compliance Ensure adherence to Credit Control Policy and Procedures Ensure adherence to Adherence to L2SOS, Accounts Receivables SLA Ensure adherence to Cancellation / Dunning procedures. Ensure adherence to audit requirements. Ensure adherence to regulatory and compliance requirements. What we're looking for: Qualifications Undergraduate degree in finance or related field Professional qualification : CPA (K) or ACCA or Diploma in Credit Control. COP or Diploma in insurance will be an added advantage Reimagining insurance to make a bigger difference to the world American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become. Welcome to a culture of belonging We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations. AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to ****** . Functional Area: FA - Finance Estimated Travel Percentage (%): No Travel Relocation Provided: No AIG Kenya Insurance Co. Ltd
