JOB PURPOSE
The candidate will be responsible for end-to-end management of the company’s trade credit insurance and fidelity guarantee insurance programs along with other financial insurance lines.
This role ensures timely policy administration, accurate risk assessment, smooth coordination with insurers, and effective support to internal stakeholders.
The ideal candidate is detail-oriented, analytical, and comfortable working in a fast-paced,deadline-driven environment.
KEY ACCOUNTABILITIES
Policy & Risk Management
- Assist in managing trade credit insurance & fidelity guarantee policies form renewals, endorsements, and book keeping.
- Managing a portfolio of Binzagr’s RVS and clients credit coverages across all different business and companies in collaboration with Cluster heads, Business Development and Credit control function, and maintaining the portfolio’s overall credit quality.
- Review credit limits, monitor exposures, and ensure compliance with policy terms and deadlines.
- Support the evaluation of customer creditworthiness and risk profiles.
- Track overdue accounts and coordinate with internal teams on issuing the dunning letters to the defaulting accounts, reporting them to the insurers, review and following up the recovery plans and engaging with the internal teams in risk mitigation and litigation procedures.
- Engage with the Credit control team while granting a temporary extension of credit to customers.
- Engage with CFT to ensure timely the process of reconciling the MT and Principles claims accounts as per the frequency set by management to avoid insurance breaches.
- Engage with the Internal Audit, HR and Legal teams while investigating, reporting losses from the RVS operations and filling the FG claim to the insurer.
- Engage with the legal team and external collection agencies for the bad debt’s recovery and pre-litigation procedures.
- Review and analyse the accounts receivable aging on an ongoing basis, —follow-up on overdue and aged balances with sales and branch accounts teams for timely resolution.
- Ensure timely review of the existing portfolio of active clients, with an appropriate recommendation of rating and mitigation, considering the latest financial status, insights.
Coordination & Communication
- Serve as a point of contact between the company and insurance providers.
- Prepare and submit required documentation, including KYC, claims, and credit limit applications, customer trading experience and turn-over declaration.
- Communicate policy updates, limit approvals and withdrawals in addition to any other requirements to sales, inance, Legal and management teams.
Claims Handling
- Assist in preparing claim files, gathering supporting documents, and following up with insurers.
- Monitor claim timelines and ensure adherence to policy conditions.
- Following up the claims settlements and ensure it’s appropriate bookkeeping.
Reporting & Analysis
- Maintain accurate records of credit limits, exposures, policy utilization and loss ratio.
- Support data analysis to identify trends, risks, and improvement opportunities.
- Prepare periodic reports credit risk management reports, highlighting areas of concerns or concentration, if any along with claims status, and policy performance.
Process Improvement
- Recommend and implement improvements and enhancements to internal SOPs, processes, modelling, and mitigation to improve Controls efficiency in the area of credit risk management.
- Ensure compliance with internal controls and regulatory requirements.
- Educate and expand credit risks awareness and the associated mitigation strategies to the main stakeholders.
QUALIFICATIONS
- Bachelor’s degree in finance, Business, Economics, or related field.
- Experience in trade credit insurance, credit analysis or Accounts receivable covering large corporate is preferred.
- Well-versed with credit principles, policies, and procedures.
- Familiarity with accounting treatments related to insurance contracts and claims
- Excellent communication and negotiation skills.
- Strong analytical and numerical skills.
- Good control awareness.
- Ability to manage multiple tasks simultaneously.
- Have good initiative and interpersonal skills, able to work efficiently in a team and independently.
- Advanced skills in MS Office applications and experience in SAP AR module is highly preferred.
