Credit Control Role - Insurance

Roles & Responsibilities

- To evaluate and decide new customer for the credit limit sought by sales trader.

- To evaluate existing customers credit situation.

- To get the financials and BAF from Customer / Sales Trader.

- To evaluate the financial documents with various ratios to determine the credit worthiness.

- To decide whether to offer / not to offer the credit.

- To update Sales trader on credit limit decision.

- Ensuring timely payment of customer.

- To chase overdue invoices by email / telephone and other communication mode.

- To co-ordinate with sales team to ensure the receipt of Account Receivables on time.

- To maintain accurate records of all follow up activity.

- To deal with internal queries on payment.

- To provide ad-hoc reports, as and when required by management.

- To set up the recovery payment system.

- Should be aware of international laws on Debt recovery.

- Should have extensive network of third party recovery services.