Reporting to the Branch Manager, the Finance Assistant will be responsible for Branch credit reports, debtor’s reconciliation, receipting, banking, and petty cash management.
Key Responsibilities
Credit Control Policy: Participate in implementation of the company’s credit control policy.
: Send monthly commission and debtor’s statements and resolve incoming queries on outstanding accounts from intermediaries.
Debtor Reconciliations
Payment Reminders: Apply reminders on accounts to ensure debts are paid in a timely manner and ensure full follow-through by relevant intermediaries.
Debt Escalation: Refer uncollected debts to debt collection agencies, manage legal action, and reference to the Credit Reference Bureau (CRB).
Premium Collection: Drive collection of premiums debited on a monthly basis.
Debtor Tracing: Trace and pursue long outstanding debtors and, where possible, assess capacity to settle debts.
Bounced Cheque Management: Follow up on bounced cheques, contact clients for replacements, and provide monthly reports.
Remittance Processing: Check remittances (RTGS, EFT, IPFs), facilitate receipting within 24 hours, and monitor daily receipting and banking of all premiums received.
Intermediary Visits: Visit and call intermediaries for follow-up on collections and reconciliations to provide a weekly report.
Qualifications & Requirements
Bachelors’ Degree in a related field.
Progress in CPA, ACCA, or Certificate in credit control management.
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