- Reporting to the Insurance Manager, you will be responsible for among others: Verifying and receipting all insurance premiums received by the agency, managing the debtor’s and creditor’s accounts by ensuring adherence to the credit control policy, cost management and bank reconciliations.
Key Tasks and Responsibilities
- Verify and issue receipts for all premiums received by the agency.
- Prepare monthly commission statements for all the insurance sales representatives for management’s approval.
- Adhere to and enforce the agency’s credit control policy.
- Ensure timely payment of commissions to the agency by the partner insurers.
- Prepare and submit for approval premium remittance schedules in line with the approved credit terms.
- Ensure that all claim paymentsreceived from insurers are disbursed to the relevant client’s or Sacco’s accounts in a timely manner.
- Carry out monthly reconciliation of the agency’s premium, commission, claims and bank accounts.
- Maintain safe custody of all the agency’sfinancial records, assets and property e.g. cheque books, SLAs, cash, financial statements etc
- Prepare payment vouchers for all the agency’s expenses and ensure that the records are updated in the insurance system.
- Prepare and submit relevant finance reports as may be required by management.
- Perform any other duties as may be assigned.
Qualifications
- A Bachelors’ degree or Diploma in a business-related field
- Good progress in an accounts or finance related professional qualification e.g. CPA/ACCA
- At least Three (3) years relevant experience in the insurance industry
- High integrity and ethical practice
- Excellent communication, analytical, planning, and organizational
- Demonstrate good interpersonal and businessrelationship building skills.
- Ability to execute work assigned with minimum supervision.
- Deliver targets, and a good planner who pays attention to detail.
- Must have knowledge in the use of Microsoft office packages
