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I’m delighted to be assisting my client, a leading Lloyd’s Business, with a Senior Credit Controller vacancy. In this role, you’ll play a critical part in ensuring timely receipt and settlement of funds, aligning with income expectations and contractual terms. Leveraging your deep understanding of insurance slips and contractual details, you will review and validate key information in the system before initiating the collection process. Confidence in engaging with Underwriters and brokers to clarify and challenge contractual content will be key to your success.
You must have sound knowledge of Insurance alongside experience of working in the London Market.
Duties and accountabilities
- Responsibility for your own class portfolios, which includes Open Market and Facilities
- Following risk creation, take complete responsibility for the "end to end" process of all risks within scope, peer checking Underwriting information to be confident of its accuracy
- Analyse slips, endorsements and contractual information to confirm accurate capture of premium, instalments, deductions, tax and settlement due dates, liaising with the Underwriting Support Team, Underwriters and brokers as required
- Ensure bureau signings and broker statements (or their equivalent) are received, reviewed where necessary and accurately processed. Liaise with Underwriters, Brokers and Xchanging to efficiently resolve any queries which arise, arranging settlement of monies and allocate cash in accordance with contractual terms, internal targets and quarterly deadlines
- Provide reports, analysis and commentary which will form part of the Team’s quarterly reporting presentation pack to senior management. In addition provide details to support discussion with Underwriters and scheduled management meetings
- Exhibit a commitment to data quality. Resolve issues as they arise, ensuring any changes are appropriately documented and communicated
Skills, knowledge and experience
- Possess a sound knowledge of insurance. Experience of working in the London Market is required
- Have strong credit control experience and a proven record of ensuring that funds are received, reconciled and allocated on a timely basis
- Be capable of interpreting and analysing contract language in order to collect premium efficiently, being able to confidently question Underwriters & brokers over contractual content
- Have experience of effectively managing and manipulating high volumes of data and the ability to create concise, accurate reporting to supply a pertinent interpretation of the results
- Will possess strong numerical and analytical skills
