Credit Control Officer

Al Manarah Insurance Services; Sharjah; On-site; AED 80,000 - 100,000; Full time

Job summary

A financial holding company is seeking a Credit Control Officer in Sharjah to ensure timely collections and accurate reconciliations. The ideal candidate will have a Bachelor's degree in accounting or finance, along with at least 2 years of relevant experience. Fluent English is essential, and knowledge of Arabic will be an advantage. Join a dynamic team and enjoy various growth opportunities.

Qualifications

• Minimum 2 years of relevant experience in a similar field.
• Fluent in English; Arabic is a plus.

Responsibilities

• Request statements for reconciliation and settlement.
• Conduct reconciliation of accounts receivables & payables.
• Attend queries from clients and insurance companies.
• Send statements to clients and follow up for collections.
• Coordinate with insured/insurers for document submissions.

Skills

Fluent in English

Knowledge of accounting principles

Strong communication skills

Education

Bachelor’s degree in accounting, Finance or similar field

Job description

About the Job

A financial holding company, Chedid Capital is a leading investment group in the insurance and reinsurance fields. The Group operates across Europe, Middle East, Africa and South Asia. The Company plays a role in the forefront of the industry, being part of one of the top 20 Reinsurance Brokers in the world.

Al Manarah, a company under Chedid Capital, is looking for a Credit Control Officer to ensure accurate reconciliation, timely collections, and smooth coordination between clients, insurers, and internal departments.

Joining our 1600 dynamic team members, spread among 64 subsidiaries worldwide, offers you endless growing opportunities.

Responsibilities

• Request statements of accounts in order to proceed with reconciliation and decide on settlement/collection.
• Conduct proper reconciliation of accounts receivables & payables and resolve discrepancies.
• To attend queries from clients and insurance companies promptly without delay.
• Send statement of Accounts to clients and follow up with clients for collections based on the target set.
• Receive reconciled balance from Clients / insured and allocate accounts on the system in order to open disbursable balance to Insurers for payment purposes.
• Coordinate with insured/insurers in order to provide missing documents and closings.
• Assist in developing reports (e.g. Collection, Aging, Allocation, PPW, Collection to Production, etc.)
• Assist in preparing settlements ensuring accuracy and notify client.
• Coordinate with other internal departments (e.g. BD, Production, QC, Claims, etc.) and technical departments of clients in order to resolve queries or basic pending issues/ discrepancies.
• Arrange statement of remittance under close supervision and send to insurers for confirmation prior to settlement.
• Assist in preparing payment and receipt vouchers in order allocating the collected or paid funds.
• Follow-up with Insured/Insurers for direct payments breakdown.
• Develop and maintain strong relationships with insureds/insurers ensuring satisfaction and timely operations.
• To complete other assigned tasks as per the deadline set.

Requirements

• Bachelor’s degree in accounting, Finance or similar field
• Minimum 2 years of relevant experience in a similar field
• Fluent in English, Arabic is a plus