Credit Controller - Reinsurance

Transguard Workforce Solutions; Abu Dhabi; On-site; AED 201,000 - 335,000; Full time

Job summary

Transguard Workforce Solutions in Abu Dhabi is recruiting a Credit Controller – Reinsurance Operations to support cash controls, accounts receivable, and daily postings. The role requires strong adherence to policy and coordination with internal and external partners.

You will lead reconciliation activities, supervise teams, and ensure timely RI settlements under RI-driven policies. English proficiency and 4–6 years in reinsurance operations are required; a Bachelor’s degree is expected.

Qualifications

• Must have 4–6 years of experience in reinsurance operations.
• Bachelor’s degree in a related field or equivalent.
• Full professional proficiency in English.

Responsibilities

• Support the Credit Control & Payables Management in cash controls and daily postings.
• Manage day-to-day credit control activities, logging collections and keeping records.
• Supervise reconciliation team and assist with RI settlements.
• Review journal entries and monthly reconciliations, assisting external auditors as needed.
• Maintain compliance with credit policy and internal guidelines.

Skills

Reinsurance ops

Credit control

Team supervision

English fluency

Experience 4-6 yrs

Education

Bachelor's degree

Job description

Transguard Workforce Solutions is the UAE’s leading provider of unique and innovative HR solutions. With a decade of experience in the region and a team that possesses extensive knowledge of the market, we provide a fully integrated HR solution.

We are currently recruiting for an Credit Controller Reinsurance operations for our client to be based out of their Abu Dhabi office.

Responsibilities:

The job holder is responsible for supporting the Credit Control & Payables Management in ensuring that Cash Controls for Credit Control systems and controls for Balancing of Daily Cash Posting to the general (GL) are consistently applied. Manage the day-to-day credit control activities of the company by scheduling jobs and delegating duties to assistants, logging collections, maintaining financial records. Effectively communicate with internal and external counterparts and maintain a positive working relationship. Review accounting functions; administer compliance, accounting documents and ledgers. Strictly follow Company’s credit policy and fully complied with guidelines.

Accounting Operations:

• Monitoring Insurance and reinsurance account details for non-payments, delayed payments and other irregularities
• Supervise, train and develop associates to ensure they are fully aligned with all internal protocols.
• Manage Reconciliation team on a daily basis and assist them on recon, collection, RI settlements.
• Review recons each month/Qtrly and explain plan of action for resolving all variances.
• Review monthly reconciliation for specific balance sheet accounts. Accounts to be reconciled include Accounts Receivable, Inter-company Finance Charges and Customer Refund
• Ensure timely RI settlement when a premium under a RI driven policy is partially &/or fully collected.
• Ensure that entries relating to inter-company cash transfers are posted properly.
• Supervise credit control processes and procedures to ensure quality and efficiency.
• Ensure that daily transaction information balances with AR upload information and GL postings.
• Assist with preparation of information/data for external auditors in the annual audit of the financial records, as needed
• Review journal entries, preparation and review of Balance sheet and Bank reconciliations.
• Support in preparation and reporting of Management Reports.
• Supports in monthly accounting close cycle.
• Supervises all month-end and year-end accounting procedures including preparation and entry of journal entries for Credit Control systems.
• Maintains regular contact with other departments / external clients to obtain and convey information and/or to correct transactions.
• Keeps management informed of area activities and of any significant problems.

QUALIFICATIONS, RELEVANT CERTIFICATIONS & EXPERIENCE:

• Must be working in an Insurance company.
• Must have minimum EXPERIENCE 4 to 6 years of experience in Reinsurance Operations.
• QUALIFICATIONS Bachelor’s Degree
• RELEVANT CERTIFICATIONS(either required or preferred) NA
• LANGUAGE REQUIREMENTS Full professional proficiency in English Language