Team Lead, Payments and Collections at Coronation Insurance Plc

Principal Duties & Responsibilities

• Apply broad-based regulatory, industry knowledge and awareness of current and past business trends in payments processing
• Verify customer information against documentation provided and flag discrepancies based on understanding of the regulator and organization’s transaction processing requirements
• Perform daily transactions, position, and balance reconciliation, ensuring all exceptions are investigated and resolved before end of the day
• Monitor accounts payable statements to identify debts owed to their company
• Contact customers or business partners to notify them of overdue payments and documenting debts collected
• Perform relevant collateral reconciliations and resolve breaks to manage the associated risks
• Ensure that processes are in place to measure and monitor operational and financial effectiveness
• Regularly reviews and keeps investment account statements, transaction, or other documents, and ask for a copy of these documents if not provided
• Prepare collateral-related control and management reports and escalate exceptions for corrective actions.
• Maintain updates to investment management agreement rules, including the removal of rules, additions to investment agreement rules or new regulatory rules.
• Keep abreast of latest industry and market developments in the local and global markets.

Education and Work Experience

• Minimum of a Bachelor’s Degree in Accounting or any related discipline.
• Must possess relevant professional qualification
• Minimum 10 years relevant experience

Required Skills and Competencies

• Understanding of the payment systems, key participants, and the settlement process.
• Ability to apply accounting knowledge in performing general reconciliation of transactions
• Ability to apply knowledge of clearing and settlement operations and performance
• Ability to work effectively and produce results within strict deadlines
• Knowledge of relevant legal requirements
• Working knowledge of MS Office
• Operations Management.
• Process Improvement.
• Strong knowledge of IFRS
• Excellent mathematical and statistical skills.
• Strong knowledge of insurance principles and practices.
• Strong knowledge of Financial and Management accounting.
• Excellent time management skills.
• Understanding of the local and global financial services industry.
• Stakeholder Management.