Credit Control Officer at Jubilee Insurance

Role Purpose

The job holder will be responsible for managing the company's credit and collections processes, ensuring timely payments from clients, maintaining accurate financial records, and minimizing credit risk. This role involves collaborating with clients, brokers, and internal teams to resolve payment issues while maintaining strong professional relationships.

Key Responsibilities

Strategy

• Support the development and implementation of credit control strategies aligned with the company's financial goals and objectives to optimize cash flow and minimize credit risk
• Assist in formulating and enhancing credit management policies, risk assessment frameworks, and debt recovery procedures to strengthen financial controls
• Work closely with underwriting, finance, and sales teams to establish and enforce credit terms and conditions for insurance policies and products
• Continuously assess and analyze credit risks, ensuring proactive measures are in place to mitigate potential financial exposure

Operational

• Monitor and manage the credit control process, including premium invoicing, payment collection, and credit assessments, to ensure efficiency and accuracy
• Conduct credit checks and assessments on policyholders and potential clients to evaluate creditworthiness and minimize financial risk
• Implement and enforce credit control policies and procedures, ensuring full compliance with regulatory requirements and internal guidelines
• Track outstanding premiums, follow up on overdue payments, and collaborate with relevant stakeholders to resolve payment discrepancies
• Prepare comprehensive reports on credit control activities, including aging analysis, bad debt provisions, and collections performance, to support strategic decision-making

Corporate Governance

• Ensure compliance with company policies, procedures, and regulatory requirements
• Adhere to industry best practices