Credit Controller and Accounts Receivable Accountant
3 weeks ago
Review regular outstanding receivable and collect all debts as per agreed credit terms. The candidate must also contribute to the team's overall success to achieve company goals.
Responsibilities:
- Manage and mitigate credit risk.
- Continuous drive towards reducing debt ageing for better cash flow & BDP risks.
- Develop and maintain relationships within client organizations to aid collections and accuracy of receipt forecasting.
- Uphold the highest level of data protection and confidentiality towards all stakeholders.
- Resolving queries both internally and externally around expected timing for better cash flow.
- Ensure credit policy is adhered to and maintain a robust legal process as per regional laws.
- Ensure reconciliation of SOAs on an ongoing basis and timely allocation of receipts.
- Timely taking actions on SOAs and receipts when requested.
- Increase frequency of SOAs and establish and drive a culture of strong follow-up process to aid collections.
- Implement procedures for overdue payments to collect balances.
- Handle disputed accounts, liaise with Client Manager, and negotiate to bring payment in line with terms.
- Lead discussions with Partners, Client Managers and Banks to ensure smooth progress.
- Maintain the lead for integration and system migration as and when required.
- Establish appropriate credit limits, and constantly review and maintain credit limits of existing customers.
- Liaise with the wider finance team and provide required information to statutory and internal auditors.
- Monthly receivables aging report of group policies to be submitted to Finance Operation Lead.
- Supporting with all additional and ad hoc reports as and when required by the management.
- Review, control and reconciliation of receivables to Balance Sheet on a monthly basis.
- Reviewing bank reconciliation and ensuring all funds applied to policies and monitoring accurate allocation of payments to avoid disputes between client's books.
- Understanding thoroughly in-house software to enhance day-to-day tasks.
- Timely completion of all mandatory internal educational courses as per due dates.
- Thorough understanding of AML & Compliance process as per Cigna standards to avoid risks.
- Fully follow office cultures to avoid any escalations and participate in office engagements.
- Prepare to accept additional responsibilities as and when required or team members away.
Requirements:
- Bachelor's degree in accounting, finance, or related field.
- 5 years plus working experience in insurance industry in UAE.
- Must have strong experience in credit control & process.
- Excellent interpersonal and communication skills.
- Good understanding of MS Office especially Excel skills.
- This role is for a UAE National candidate.
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Dubai, Dubai, United Arab Emirates Cigna Health and Life Insurance Company Full timeCredit Controller and Accounts Receivable Accountant - UAE NationalApply remote type: On-siteLocations: Dubai, United Arab EmiratesTime type: Full timePosted on: Posted YesterdayJob requisition ID: Summary of Role:Review regular outstanding receivable and collect all debts as per agreed credit terms. The candidate must also contribute to the team's overall...
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