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Team leader Credit Control Jobs in Abu Dhabi, UAE
Job Purpose:
The job holder is responsible for supporting the Credit Control & Payables Management in ensuring that Cash Controls for Credit Control systems and controls for Balancing of Daily Cash Posting to the general (GL) are consistently applied. Manage the day-to-day credit control activities of the company by scheduling jobs and delegating duties to assistants, logging collections, maintaining financial records. Effectively communicate with internal and external counterparts and maintain a positive working relationship. Review accounting functions; administer compliance, accounting documents and ledgers. Strictly follow Company’s credit policy and fully complied with guidelines.
Responsibilities:
▪ Supervise, train and develop associates to ensure they are fully aligned with all internal protocols.
▪ Manage Reconciliation team on a daily basis and assist them on recon, collection, RI settlements.
▪ Monitoring Insurance and reinsurance account details for non-payments, delayed payments and other irregularities
▪ Review recons each month/Qtrly and explain plan of action for resolving all variances.
▪ Review monthly reconciliation for specific balance sheet accounts. Accounts to be reconciled include Accounts Receivable, Inter-company Finance Charges and Customer Refund
▪ Ensure timely RI settlement when a premium under a RI driven policy is partially &/or fully collected.
▪ Ensure that entries relating to inter-company cash transfers are posted properly.
▪ Supervise credit control processes and procedures to ensure quality and efficiency.
▪ Ensure that daily transaction information balances with AR upload information and GL postings.
▪ Assist with preparation of information/data for external auditors in the annual audit of the financial records, as needed
▪ Review journal entries, preparation and review of Balance sheet and Bank reconciliations.
▪ Support in preparation and reporting of Management Reports.
▪ Supports in monthly accounting close cycle.
▪ Supervises all month-end and year-end accounting procedures including preparation and entry of journal entries for Credit Control systems.
▪ Maintains regular contact with other departments / external clients to obtain and convey information and/or to correct transactions.
▪ Keeps management informed of area activities and of any significant problems.
▪ Attends and participates in meetings as required.
▪ special projects and miscellaneous assignments as required
▪ Other duties as assigned.
▪ Regular visit to insurance companies and brokers to monitor progress on recons.
▪ Monthly reconciliation and settlement of broker commission.
▪ Assist CCM for monthly closing activities.
▪ Any adhoc tasks that the CCM assigns time to time.
Audit: Coordinate with external Auditors and provide required documents for timely completion of audit.
Skills
QUALIFICATIONS – Bachelor’s Degree
RELEVANT CERTIFICATIONS(either required or preferred) NA
YEARS & NATURE OF EXPERIENCE 4 to 6 years of experience
LANGUAGE REQUIREMENTS Full professional proficiency in English Language
