Job Summary

The role holder will be responsible for ensuring timely allocation of funds received and payment of commissions to the respective intermediaries.

  • Minimum Qualification: Bachelor
  • Experience Level: Entry level
  • Experience Length: 1 year

Job Description

  1. Allocate all legacy open items of premium receipts, Commission payment, refunds and small balances written off
  2.  Advise Underwriters to debit or intermediaries to share allocation schedules
  3. Engage with colleagues in AR/CPS for prompt receipting of bank open items.
  4. Posts customer payments by recording cash, cheques, Mpesa and credit card transactions.
  5. Updates receivables by totaling unpaid invoices.
  6. Maintains records by microfilming invoices, debits, and credits.
  7. Verifies validity of account discrepancies by obtaining and investigating data;
  8. Resolves valid or authorized deductions by entering adjusting entries.
  9. Resolves invalid or unauthorized deductions by following pending deductions procedures.
  10. Resolves collections by examining customer payment plans, payment history, credit line; coordinating contact with collections department.
  11. Summarizes receivables by maintaining invoice accounts; coordinating monthly transfer to accounts receivable account; verifying totals; preparing report.
  12. Protects organization's value by keeping information confidential.
  13. Updates job knowledge by participating in educational opportunities.
  14. Accomplishes accounting and organization mission by completing related results as needed.

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