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Credit Controller - Insurance Experience

Massenhove Recruitment Limited
Posted 2 days ago, valid for 3 days
Location

London, Greater London EC2V7NQ, England

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The Credit Controller position at Lloyd's Market Insurance requires managing the collection and allocation of insurance premium payments.
  • Candidates should have credit control experience, ideally within the insurance industry, and possess excellent communication and negotiation skills.
  • The role involves reconciling accounts, processing client payments, and managing aged debt while ensuring compliance with regulatory standards.
  • Experience using the Open Gi system and knowledge of premium finance products are advantageous but not essential.
  • The salary for this position is competitive, and candidates should ideally have at least 2-3 years of relevant experience.

Credit Controller - Lloyd’s Market Insurance

Job Market - Insurance Credit Control

Credit Controller - About the role

You will be responsible for ensuring that the financial flow remains smooth and that all accounts are maintained and reconciled accurately ensuring the accurate collection and allocation of payments. This role is key in ensuring timely payments and settlements, managing aged debt, and overseeing policy cancellations when necessary.

Credit Controller - Key duties

Manage and actively collect insurance premium payments via telephone, email and text message

Prepare and process insurer settlements accurately in line with agreed terms and timelines.

Reconciling account / processing and allocating client payments

Negotiating and maintaining payment plans

Producing and sending out Broker Statements / Assisting in producing bordereaux

Query resolution

Chasing aged debt

Credit Controller - Key requirements

Credit control experience ideally working within the insurance industry

Excellent verbal and written communication

Empathetic approach to vulnerable customers

Excellent negotiation skills

Understanding of regulatory standards and practices

Microsoft Excel knowledge

Experience using Open Gi system advantageous but not essential

Good understanding of premium finance products advantageous but not essential

Along with our client, we are committed to a diverse workforce and as such recruit from a wide available pool of talent, with the hiring, assessment and selection process being fair, free from bias and one which ensures the right person is selected for the job, based on merit. We treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

A copy of our D&I policy can be made available upon request.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.