Credit Control Officer / Receivable Officer Job at Cornerstone Insurance Plc

Cornerstone Insurance Plc. was incorporated on 26th July 1991 as a private limited liability company and became a Public Limited Liability, quoted on the Nigerian Stock Exchange in 1997. Our organization was established to conduct Insurance business in a professional, ethical and customer-focused manner and has remained committed to these values over the years.

We are recruiting to fill the position below:

Job Position: Credit Control Officer / Receivable Officer

Job Location: Lagos
Employment Type: Full-time

Job Description

• The Credit Control / Receivable Officer role involves tracking and collecting due premiums through process management and the credit cycle in all business lines, entailing continuous interface with underwriting team, Marketers and Brokers / Agents, the review and analysis of debtors’ statistical reports and comprehensive reporting to all key stakeholders.

Main Responsibilities

• Checking the statements received for accuracy (including verifying information reported to contract terms where applicable) and querying any areas of concern with the underwriters / cedants and/or brokers.
• Investigation of overdue receivables to ensure the associated bookings are correct.
• To investigate any settlement or technical queries promptly and proactively on the ledgers, liaising with the underwriters and claims teams as appropriate to resolve the queries.
• Circularization of accurate and timely statements of account to all third parties, as required to facilitate prompt settlement of balances.
• To operate best practice credit control procedures to ensure Terms of Trade are met.
• To produce various management reports and analyses of the ledger balances, cash etc. as requested by the finance & operations director or others in the business.
• Updating Brokers balances against cash allocation/pairing.
• Ensuring compliance with established internal controls and procedures.
• Ensure accurate processing of all receipts/settlements/payments to the appropriate ledger, having agreed the items with the relevant third party.
• Ensure allocation of all receipts/payments against the respective technical entries on the ledgers, and to be able to reconcile any balance due to/from the third-party statements.
• To proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the finance department.
• To undertake any other tasks as requested by , in order that the team achieve its objectives.
• Prepare all Credit Control Reports as required by management.

Role Requirements

• Minimum of B.Sc. relevant discipline from a reputable Institution.
• At least 3 years of years experience in financial operations (particularly credit control) of insurance companies.
• Proficient in English and able to relate and communicate effectively with people.
• Work well in a team environment.
• Professional qualification (ACA will be an added advantage)
• Organized, deadline focused, meticulous with an eye for detail and able to work with minimum supervision.
• Ability to manage ad-hoc, non-standard and often unstructured requests, at short notice.
• Motivated to take ownership of work and to seek further responsibilities.
• Numerical/analytical skills is mandatory.
• Strong interpersonal and communication skills (written and oral).
• Excellent presentation, negotiation, and leadership skills.

Method of Application
Interested and qualified candidates should send their CV to: recruitment@cornerstone.com.ng using the Job Position as the subject of the mail.