Senior Credit Analyst
6 days ago
Job Description Summary
We are seeking a highly skilled and experienced professional to join our team as a Credit Controller and Accounts Receivable Accountant. This role is pivotal in ensuring the effective management of receivables, maintaining a positive cash flow, and upholding data protection and confidentiality.
Key Responsibilities:
- 1. Credit Risk Management
Manage and mitigate credit risk to maintain a healthy financial portfolio.
2. Debt Ageing and Cash Flow ImprovementDrive continuous improvement in debt ageing, resulting in better cash flow and reduced BDP risks.
3. Client Relationship DevelopmentDevelop and maintain relationships with client organizations to facilitate accurate receipt forecasting and collections.
4. Data Protection and ConfidentialityUphold the highest level of data protection and confidentiality towards all stakeholders.
5. Query Resolution and Adherence to Credit PolicyResolve queries around expected timing for better cash flow and ensure adherence to credit policy.
6. Reconciliation and Allocation of ReceiptsEnsure reconciliation of SOAs on an ongoing basis and timely allocation of receipts.
7. Follow-up Process and Overdue PaymentsIncrease frequency of SOAs and establish a strong follow-up process to aid collections and implement procedures for overdue payments.
8. Dispute Resolution and Bank ReconciliationHandle disputed accounts, liaise with Client Manager, and negotiate to bring payment in line with terms and review bank reconciliation.
9. Integration, System Migration, and ReportingMaintain the lead for integration and system migration as and when required and support with all additional and ad hoc reports.
10. Education and ComplianceTimely completion of all mandatory internal educational courses as per due dates and thorough understanding of AML & Compliance process as per Cigna standards.
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.
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