The job profile for this position is Accounting Associate Analyst, which is a Band 2 Senior Contributor Career Track Role.
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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.
Responsible for 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.
Responsible for managing internal teams’ requirements and expectations (BS Team, Sales, UW) with regards to policy activation for premium allocation.
Key Responsibilities:
Reviewing bank reconciliation and ensuring all funds applied to policies and monitoring accurate allocation of payment.
Processing accurate changes including Credit Control, premium changes, cancellations and reinstatements towards Actisure.
Continuous drive towards reducing debt ageing.
Ensuring policies are suspended if member fails to settle payments.
Ensure Direct members and brokers are informed with regards to the client’s 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.
Education & Experience
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
Skills & Capabilities
Excellent interpersonal and communication skills.
Strong analytical skills and attention to detail.
Confidence to deal with a range of stakeholders.
Excellent time management skills and ability to prioritise a demanding workload.
Please note that you must meet our posting guidelines to be eligible for consideration. Policy can be reviewed at this link.