Commission and Receivable Officer at Old Mutual Insurance Rwanda: (Deadline 9 April 2023)

Commission and Receivable Officer at Old Mutual Insurance Rwanda: (Deadline 9 April 2023)

Old Mutual Insurance Rwanda (former UAP Insurance Rwanda) is a subsidiary of UAP Old Mutual Group, member of Old Mutual Limited, an Integrated financial service provider comprising Insurance, Banking, and Investment Business. Old Mutual insurance Rwanda vision is being the Rwandan’s revolutionary financial services company with a commitment to enhance the quality of life by delivering peace of mind and financial freedom.

Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. Our primary operations are in South Africa and the Rest of Africa, and we have niche businesses in Asia. We have 12 million customers and 30,000 employees and with over 175 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent. The business is listed on the Johannesburg, London, Zimbabwean, Malawian and Namibian stock exchanges. The UAP Old Mutual Group comprises of three key players as a result of the acquisition of a controlling stake in Faulu in 2014 and UAP in 2015 by Old Mutual. The acquisition resulted in Old Mutual Kenya and UAP Holdings (www.uapoldmutual.com) as well as Faulu Microfinance Bank (www.faulukenya.com) forming one of the largest financial services groups with a growing footprint in East and Central Africa. The Group currently has operations in Kenya, Uganda, Tanzania, South Sudan and Rwanda.  The Group now offers customers a comprehensive and enhanced range of financial services which include Investment, Insurance, Banking, and Savings as well as a wider and more accessible distribution network. The wider group also offers broad career growth prospects for employees. It therefore wishes to fill the below vacant position with qualified, experienced, and talented individual to strengthen its portfolio as a Pan – African Financial Services Group. The positions’ details are further outlined below;

Job Summary

This role is responsible for the timely collection of all unpaid premiums as set in the receivables process guidelines and processing of accurate commissions as per the laid-out commission processes and guidelines.

Key tasks and responsibilities

• Confirmation of Debtors accounts statements and follow up of payments.
• Ensure accurate account allocations are done in a timely manner.
• Ensure collection are done in time to ensure Debtor Days for Government and NGOs are kept below 30days
• Ensure intermediaries’ accounts are reconciled and commission paid as per commissions process
• Ensure processing and payments of Premium Refund monthly.
• Prepare intermediaries’ commission statements on a monthly basis or as requested.
• Lead and drive weekly debtors’ meetings and ensure filing of the minutes.
• Ensure implementation of efficient premium collection as per Credit Control policy and ensure strict adherence to the company credit policy for compliance purposes.

• Perform any other duty in support of day -today operations of the business.

Qualifications and experience

• Bachelor’s degree in finance or related business field.
• 3+ years’ work experience in financial services
• Qualifications in Accountancy (CPA/ACCA) and added advantage.

Skills and competencies

• Accountable for service delivery through own efforts.
• Ability to deliver results when objectives are set
• Excellent relationship management skills
• High level of initiative and self-motivation
• Task and time management proficiency

• Good communications skills
• Resilience to cope with pressure of working in a fast paced, dynamic and rapidly changing customer expectations environment.

Please visit our careers page through: https://oldmutual.wd3.myworkdayjobs.com/en-US/Old_Mutual_Careers/details/Commission-and-Receivable-Officer_JR 38075?q=commission%20and%20receivable

Interested candidate are requested submit their applications by 05.00 p.m. 09^th April 2023.

Applicants must possess or be in the process of applying for a POLICE CLEARANCE CERTIFICATE as at the time of making an application. 

ONLY short-listed candidates will be contacted.

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