Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.
Job Reference Number: HRJIC596
Role Purpose
We currently have an exciting career opportunity for Assistant Credit Controller, Jubilee Health Insurance Limited (JHIL). The position holder will report to the Credit Controller and will be based at Head Office in Nairobi.
Role Purpose
To ensure that all payments are made as per agreed timelines with 100% accuracy
Main Responsibilities
Financial Controls
- Ensure agents’ commissions and overrides are paid. Also ensure timely communication and release of commission statements
- Ensure WHT taxes are paid within the KRA timelines.
- Respond to commission queries within 24 hours
- Ensure that refunds and WHT are paid as per guidelines
- Confirm the premium payment position for all clients, launching claims within 24 hours
- Management of intermediary accounts by ensuring proper records are maintained
Financial Planning and Analysis
- Ensure that commission reports are released to Treasury in advance to ensure adequate funding
Financial Reporting
- Timely preparation of audit and regulator schedules
- Follow up on end-year audit confirmations
- Ensure all audit queries are timely closed
Relationships
- Resolution of outstanding items with intermediaries-Brokers, agents and individuals
- Ensure cordial bank relations with all banks and ensure timely processing of IPF
Compliance and Internal Controls
- Circulating commission statements on a monthly basis
- Account opening for new clients.
- Processing of certificates by the insurer for new and existing brokers and agents.
- Ensure that commission is fully automated with the right bank details
Key Competencies
- Visionary Leadership
- Entrepreneurial Spirit
- Market Awareness
- Customer Focus
- Continuous Innovation
- Ownership & Commitment
- Team Spirit
Functional Skills
- Credit Management
- Accounting operations
- Performance reporting and management
- Application and exploitation of IT
- Knowledge and insight in conventional bank and banking matters/operations
Qualifications
- Any Business-Related degree
- CPA Part 1/Credit Management /any insurance course
Relevant Experience
Graduate
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