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Beacon Insurance Company Limited

Accounts Receivables Officer - Grenada

Beacon Insurance Company Limited

  • Grenada
  • Not disclosed
  • Permanent full-time
  • Updated 28/04/2024
  • Human Resources
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The incumbent is expected to support the collection efforts of Beacon Insurance Company Limited through the effective and efficient management of the Accounts Receivable portfolio.

KEY POSITION RESPONSIBILITIES:

  • To collate and allocate premiums from broker remittances received.
  • To investigate and prepare I-90 journals and receipts to assigned brokers.
  • To provide weekly reports to the broker team of all unallocated cash items and premium queries.
  • Maintain proper Accounts Receivables records originating from core applications including the allocation of receipts.
  • To import, check, distribute and mail/email Accounts Receivables statements to assigned. brokers/branches/Agents/Sales Representative.
  • To monitor all overdue accounts and request N.O.C.’s in accordance with the company’s approved credit guidelines.
  • Provide progress reports to all internal customers as and when required.
  • Prepare monthly reports on assigned brokers.
  • Providing claims with up to date payment reports as needed.
  • Ensuring risks are recorded accurately and reflect at all times the correct premiums, commissions and taxes.
  • Complete any job-related function relevant to the Finance Division that may be required.
KEY TECHNICAL COMPETENCIES:
  • Knowledge and understanding of the core principles of insurance.
  • Knowledge and understanding of the range of insurance products and services available in the market and how that knowledge can be used to meet client needs.
  • Knowledge and understanding of regulatory requirements and how to meet these on a day to day basis.
  • Knowledge of how claims should be handled and managed.
  • Knowledge of the underwriting process.
  • Knowledge of Beacon and the wider insurance market place and how this is applied on day-to-day basis.
  • Knowledge and understanding of financial transactions and how it is applied on a day to day basis.
KEY BEHAVIORAL COMPENTENCIES:
  • Effectiveness in transmitting information, including confidentiality, facilitation/participation in sharing information, and oral and written expression.
  • Ability to provide quality service to internal and external clients, including demonstrated commitment to improvement of service.
  • Ability to complete job assignments, including judgement, problem solving, and use of appropriate resources in decision making.  
  • Effectiveness in working with others to achieve individual and unit goals.
QUALIFICATIONS AND EXPERIENCE:
  • Minimum of five (5) CXC passes including Math and English (minimum grade 2).
  • Pursuing FIA or equivalent.
  • Proficient in the use of Microsoft Office (Word, Excel, Powerpoint)
  • Minimum of two (2) years Accounting/Finance experience.
  • A minimum of one (1) year insurance industry would be an asset.
ONLY SUITABLE APPLICANTS WILL BE CONSIDERED. 

Ref: BICL 106
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Beacon Insurance Company Limited

Beacon Insurance Company Limited

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