Credit Control Accountant - Agency Channel At American International Group, Inc. (Aig)

Reporting to the Credit Control Manager, this role maintains accounts and secures payments on an assigned group of delinquent accounts for selected high-volume producers and complex accounts by means of telephone, correspondence, or personal contact. Maintains complete and accurate financial records. Prepares standard financial statements and reports. Develops basic reports and maintains ledgers.ResponsibilitiesCredit Control OperationsDaily review of receipts and payments postings to debtor's ledger, ensuring they balance with the cash bookDaily identification of un-allocated cash (receipts) and payments in the debtor's legerReview of monthly leger and statements – prepare exceptional report and identify write offs, and overdue premiumsMeet weekly collection targets and refer problem accounts to the department managersRefer defaulting accounts to lawyers to institute legal action or to debt collectors after approval by the credit committeeEnsure the monthly Withholding Tax and annual returns are preparedConvene the war room and follow up action plans, distribute and explain data to the Underwriting department managersRecommend to the credit committee which producers should have their credit facility withdrawnLiaise daily with underwriters on queries raised by the producersMonthly review of bad debts and provisionsEnsure debtors leger is properly aged and is in agreement with the GLCheck and review agents' commissions monthly, ensure that the paid commissions are allocated and ensure that only licensed agents are paid commissionsAudit & ComplianceEnsure adherence to Credit Control Policy and ProceduresEnsure adherence to Adherence to L2SOS, Accounts Receivables SLAEnsure adherence to Cancellation / Dunning proceduresEnsure adherence to audit requirementsEnsure adherence to regulatory and compliance requirementsQualificationsExperienceUndergraduate degree in finance or related fieldProfessional qualification : CPA (K) or ACCA or Diploma in Credit ControlCOP or Diploma in insurance will be an added advantageSkills/CompetenciesRelevant insurance industry experiencePractical exposure to credit control accounting and preparation of producer statementsGood communication skills (both written & oral) and interpersonal skills to effectively work with different departmentsStrong analytical, planning and organization skillsProven ability to perform well under pressure and regularly meet strict deadlines a fast-paced environmentExcellent spreadsheet skills (Excel)Time Management: Ability to handle multiple priorities, organize work and meet deadlinesAttention to detail: Maintain accuracy of workCommunication: Effective communication skills at all levels of businessStrong team player