We are seeking to recruit a self-driven and results-oriented individual for the above role.
JOB SUMMARY
The individual will be charged with developing and implementing the Credit and risk policy for Shalom hospitals. He/she will develop procedures for Credit Approval and implement the same and will have oversight of all collection functions necessary to ensure the prompt and correct payment to the Hospital of all monies owed by insurers or patients. They will also be responsible for managing accounts receivables, ensuring timely reconciliations and payment.
KEY DUTIES AND RESPONSIBILITIES
Implementing and managing credit lines as per approvals to ensure all accounts operate within the approved limits.
Preparation and reconciliation of insurance and corporate accounts by the last day of every month; submission of aging debtors reports to each institution’s accountant and to the group Finance Manager by the 3rd day of every preceding month
Give weekly updates of categorized invoices and payments made for all Insurance and Cooperate companies and N.H.I.F across shalom group of hospitals to the finance manager and the Managing Director
Facilitate effective billing and revenue capture
Identify changes in payment patterns and propose action to avert indebtedness
Handle disputed bills and negotiate to bring payment within the agreed terms
Ensure that all transactions in the department are compliant with statutory and hospital regulations
Develop credit management capability within the department including training
Conduct background checks to establish credit worthiness for all new and existing insurers and corporate clients
Formulate, review and implement credit control policies
Ensure debtors’ days are reduced to a maximum of 60 days by debt collection from corporates and insurances. Provide weekly debt collection reports to the finance manager
Maintain a bad debts register
Discuss with/bring to the attention of the Clinical Service Manager patients requiring referral on financial grounds
Ensure that all contracts with corporate and Insurances are renewed on time
Submit weekly age analysis reports to the Senior Management Team and status on payment.
Any other duty delegated by your supervisor
Document key risks with impact and probability of occurrence, then ensure mitigation measures are taken
EXPERIENCE AND KEY COMPETENCIES
Minimum of 5 years of experience as a Credit Control
patience
Excellent interpersonal and communication skills
Keen to details
Well organized
QUALIFICATIONS: ACADEMIC & PROFESSIONAL
Bachelor’s Degree in Finance or related field
CPA-K
Certification as a Credit control practitioner will be an added advantage.
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