Department: Underwriting

Contract Type: Permanent

Full Time/Part Time: Full time

Reporting to: Director of Finance and Operations

Salary Level: Competitive

 

Overview:

Due to the companies’ continued growth, they are looking to recruit an experienced Credit Controller to join their team. The successful candidate will need experience working in a credit control function within London Market insurance industry with an understanding of Lloyd’s.

The position will be a key part of the Operations Team responsible for premium credit control monitoring, reporting, processing, and analysing of the business underwritten by the managed Syndicates and other related Group companies on a day-to-day basis ensuring the timely receipt of policy amounts including effective resolution of queries/overdue items.

The successful candidate will supervise the central Credit Control process and ensure that it operates efficiently and effectively, that objectives are being met and to act as the central point of contact between underwriters, brokers, and relevant 3rd parties.

 

Key tasks:
  • Chase, resolve, negotiate and reconcile aged debt accounts and balances with brokers to enable the business to maintain an accurate record of its outstanding premium position.
  • Develop and improve the management of premium credit control within each underwriting team.
  • Take ownership of more complex reconciliation problems and guide others so that they are resolved to meet credit control and appropriate service standards.
  • Production, analysis, and investigation of aged debtor balances on a monthly basis and/or as requested for use in management & Board meetings.
  • Routine follow-up with underwriting teams and producing brokers to help minimise overdue amounts.
  • Preparing and issuing broker statements.
  • To ensure the timely receipt and checking the accuracy of monthly Bordereaux in according to the binding authority agreement and raising queries where necessary.
  • Implementing changes to the company’s credit control system.
  • To support the reconciliation of all client custodian bank accounts to statements and the general ledger.
  • Maintaining accurate records.

 

Key Skills/ Requirements:
  • Strong IT skills including all MS Office.
  • Team player with the ability to learn quickly, take initiative and work independently.
  • Excellent interpersonal and communication skills (written and oral), with a high attention to detail.
  • A working knowledge of Xchanging with the ability to interrogate the system and check signings.
  • Desire to work for a dynamic and fast-moving organisation.
  • Insurance experience advantageous.

 

Galejay and all its clients are inclusive employers and prides itself on the main values of honesty and integrity. If you have these qualities and wish to apply, please send your CV to Gary Forster Managing Director, at gforster@galejay-recruitment.com