Job Description
Manage collections, payments, and reconciliations while coordinating with brokers, underwriting, and reinsurance teams.
Your Role
Key responsibilities include:
- Prepare Statement of Account (SOA).
- Follow-up payments and ensure timely collection of outstanding accounts.
- Receive payments and issue provisional receipts (PR) as needed.
- Accept post-dated checks (PDC) as premium payment within the agent’s credit term.
- Encode provisional receipts and PDCs in the Daily Collection Report for supervisor review and reconciliation before submission to the cashier.
- Prepare and reconcile remittance schedules for bulk payments and submit for Official Receipt (OR) issuance.
- Prepare credit memos and journal vouchers for accounts with overpayment and submit to Accounting for adjustment.
- Send final notices to intermediaries and ensure before policy cancellation.
- Attend to queries and concerns ...