Receivable and Payable Financial Analyst

2 weeks ago


Dubai, Dubai, United Arab Emirates Talent Pal Full time

Key Responsibilities:

  • Review bank reconciliation and ensure all funds applied to policies and monitor accurate allocation of payment.
  • Process accurate changes including Credit Control premium changes cancellations and reinstatements towards Actisure.
  • Continuous drive towards reducing debt ageing.
  • Ensure policies are suspended if member fails to settle payments.
  • Ensure Direct members and brokers are informed with regards to the clients premium outstanding.
  • Timely premium allocations/collection of payment to activate a new/renewed policy.
  • Uphold the highest level of data protection and confidentiality towards all stakeholders.
  • Resolving premium queries both direct and broker channel
  • Preparation of SOAs and receipts when requested.
  • 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.
  • Process and record all outgoing payments including vendor invoices insurance claims payouts and commissions
  • Ensure that all payable transactions are accurately coded and posted to the correct general ledger accounts
  • Process claims payouts ensuring accuracy and adherence to the company's policies and guidelines
  • Reconcile TPA settlement payments verifying amounts and resolving any discrepancies with reinsurance providers.
  • Coordinate with the claims department to confirm that all claim approvals are complete before issuing payments.
  • Resolve discrepancies in invoices by working with TPA vendors and internal teams to ensure proper documentation is in place.

Requirements:

  • Bachelor's degree in accounting finance or related field
  • 3 years plus working experience in insurance industry in UAE
  • Must have strong experience in AR and AP
  • Advanced Microsoft Office (Word Excel and Power Point) skills

About the Role:

This role is responsible for liaising with customers regarding all areas of premium and collection queries including credit control policy changes cancellations and reinstatements.

The successful candidate is required to provide accurate and timely maintenance of customer information and provide invoices to customers in accordance with the agreed frequency.

The role also involves ensuring all compliance and market specific requirements are being met and must be able to work through their own initiative with additional tasks and expectations.

The ideal candidate will have a strong analytical skill and attention to detail, excellent interpersonal and communication skills, and the ability to prioritize a demanding workload.

About Cigna Healthcare:

Cigna Healthcare a division of The Cigna Group is an advocate for better health through every stage of life. We guide our customers through the health care system empowering them with the information and insight they need to make the best choices for improving their health and vitality.

Qualified applicants will be considered without regard to race color age disability sex childbirth (including pregnancy) or related medical conditions including but not limited to lactation sexual orientation gender identity or expression veteran or military status religion national origin ancestry marital or familial status genetic information status with regard to public assistance citizenship status or any other characteristic protected by applicable equal employment opportunity laws.

If you require reasonable accommodation in completing the online application process please email: confidential for support. Do not email confidential for an update on your application or to provide your resume as you will not receive a response.


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