Finance Executive
Job Description
Main Responsibilities:
– Oversee and maintain the Accounts Receivables Master Report, including collections, broker commissions, and premium refunds, with a focus on transitioning to the new insurance core system.
– Manage the timely collection of premiums for assigned clients, including both direct and broker accounts, ensuring strict adherence to credit terms.
– Prepare and present weekly Accounts Receivable (AR) aging and collection reports to facilitate management analysis and decision-making.
– Ensure the prompt and accurate collection of premiums by maintaining consistent communication via email and phone, in alignment with credit control policies and guidelines.
– Maintain the Collections Register, ensuring all receipts (premium, HAAD, and non-AR) are accurately recorded.
– Accurately record premium collections in the system, reconcile broker accounts, and process commission payments in a timely manner.
– Prepare broker commission statements and manage the processing of payments.
– Handle premium refund requests, ensuring compliance with internal procedures and documentation requirements.
– Submit all relevant documentation in accordance with accounting and auditing standards, including signed quotations, broker agreements, VAT certificates, tax invoices, and regulatory licenses.
– Issue manual debit and credit notes for AR-related party transactions on a monthly basis.
– Assist in the monthly closing process and support audits by reconciling accounts receivable and broker payables ledgers, and preparing balance confirmations.
– Facilitate the collection of HAAD payments and coordinate with Operations for account notifications.
– Ensure secure management of petty cash, with all disbursements properly supported, approved, and replenished on time.
– Assist Operations with issuing manual invoices and support month-end sales invoice bookings in the system.
– Manage the full spectrum of finance functions within the Microsoft Business Central (MBC) accounting system, and drive the implementation of process improvements across the finance function.
– Perform additional tasks as assigned by the Head of Finance.
Required Business Acumen:
– Deep understanding of accounting principles, particularly those related to Accounts Receivables and Accounts Payables. Knowledge of IFRS 17 is a plus.
– Advanced proficiency in Microsoft Office, especially Excel, with experience in multiple accounting systems (focused on MBC).
Technical Expertise:
– Strong knowledge of Generally Accepted Accounting Principles (GAAP).
– Experience with computerized accounting systems and the ability to leverage technology for enhanced financial management.
– Effective communication skills, both written and verbal, with a proven ability to present complex financial information clearly.
Qualifications:
– Bachelor’s Degree in Business Administration, Accounting, Finance, or a related field.
– Proven experience in a finance role with a focus on accounts receivable management.
– Additional qualifications relevant to the job description.
