Credit Control Manager Jobs in Dubai at RSA Middle East
Title: Credit Control Manager
Company: RSA Middle East
What this job is really like:
This role is about effectively managing one of the key asset items on the Balance sheet – i.e. Insurance and Reinsurance Premiums receivable (including Receivables from Third Party Insurance Companies where applicable) through embedding the Insurance operations Credit Risk policy, delivering healthy cash flow for the operational needs of the business through timely collection of receivables, managing overdue debts within agreed thresholds, and active engagement of stakeholders across the business on matters relating to credit control.
The role would also involve leading a small team of Receivables Accountants forming part of the virtual HUB, creating a shared vision for effective operation of credit control practices that will include a fit for purpose implementation of the Insurance Ops Credit Risk across all countries, raising RAs or RPAs as required, conduct of credit control committee meetings, assessment and escalation of key credit control risks, ensuring clear action plans are available to the collection teams for follow up and collection of current / overdue items at country levels, initiation of legal / recovery actions where due on overdue debts.
Another dimension of the role would be to provide business partnering support to the UAE Head of Finance on key areas of Credit Control including participating to
i. Key Account review meetings of UAE & Bahrain ops
ii. Monitoring of execution of collection plan for UAE & Bahrain
iii. Supporting with Broker and customer meetings
The Job holder shall report into the Head of Finance UAE (who is also responsible for Credit Control and Investments at a Hub level)
Jobholders are typically responsible for:
This role is about ensuring
collections are achieved in a timely manner across the operations ensuring operational cashflows to support the day to day operational liquidity needs of the business
the overdue receivables are kept to the minimum and within the targeted thresholds
provisions for bad and doubtful debts are assessed and created in accordance with the company policies
Timely and informative management information reports are made available to the key stakeholders within the countries, ME region and the Group.
Credit Control Committee meetings are held on a timely basis and actions are followed through systematically.
Operationally, there is a systematic and well embedded process of allocation receipts to O/S items and circulating SOAs to customers and brokers, reconciling major customer / broker accounts periodically, generating Age Analysis reports. This needs to be maintained.
Crisp and meaningful commentaries and analysis are provided for B/S Commentaries
Taking required legal steps for collection of overdue receivable items.
Supporting the Head of Finance UAE (Reporting Manager) in implementing the Insurance Ops Credit Risk Policy and raising RAs / RPAs as may be required.
UAE / Bahrain Specific business partnering responsibilities would include :
Establishing and reviewing collection plans on a monthly basis
Engage business teams and key a/c managers in collection and follow up as well as escalations where required.
Strong candidates in this role will typically be able to demonstrate:
Core Technical Accounting Skills & Knowledge
Insurance Industry and Market Knowledge
Track Record and Soft skills
1. Good understanding of Insurance contract lifecycle and accounting of p…