Receives and deposits premium payments from clients, agents, intermediaries, messengers, and employees.
Verifies all payment forms (cash, check, credit card, etc.) against the remittance schedule before issuing official or provisional receipts.
Issues official or provisional receipts for collections received.
Prepares Statements of Account (SOA) for distribution to branch intermediaries.
Generates monthly receivables reports.
B. Disbursement
Prepares commission payment requests for intermediaries upon premium payment, after reviewing supporting documents and verifying transactions.
Processes payment requests via check or disbursement voucher for reimbursements, utilities, and branch-related expenses.
Prepares checks and disbursement vouchers for all approved payment requests.
Assists clients requesting uncrossed checks.
Posts released checks daily.
Ensures all cash transactions comply with company policies, procedures, and workflows.
C. Reporting & Monitoring
Performs daily reconciliation of collections (cash, check, credit card, over-the-counter payments, and petty cash).
Monitors post-dated checks (APDC), provisional receipts, cash advances, liquidations, cancelled checks/receipts, and returned checks.
Reconciles bank statements for branch savings and current accounts.
Validates and resolves reconciliation findings raised by the Accounting Department.
Prepares monthly receivables reports.
Generates reports such as Checking Fund Replenishment, Weekly Collection, Daily Cash Count, Summary of Cash Advances, Summary of Cancelled Receipts, and PDC Register.
