About us
Avencia Consulting are working with a Specialty Reinsurer who are looking to hire a Credit Control Manager to join on a permanent basis. This role will be based on site in their London office 4 days a week and Croydon 1 day a week.
The role
The company works closely with a number of specialty MGA's to deliver a range of services, including Finance, Credit Control, Systems, Operations and Executive Services. Each of the MGAs have their own nuances but work predominantly within the London market writing insurance policies and programmes across worldwide territories.
This role will work with the central finance and technical operations teams to design, implement and deliver against cash and debt targets with robust procedures. The operation of credit control is split across both an onshore and offshore teams.
Key accountabilities
- Take ownership of all Credit Control functions including aged debt and unallocated cash analysis for the respective entity and forge strong working relationships with key stakeholders.
- Ensure the allocation of premium receipts on a timely basis across all MGAs, engaging with appropriate teams
- Follow up overdue premiums, missing payments and unallocated cash in accordance with the Company's Credit Control policy. Update the records of outstanding premium and unallocated cashes on system to show the correct procedures are followed for Audit purpose.
- Ensuring the appropriate treatment of Technical payments - return premiums, NCBs and profit commissions
- Understand and feedback on the data entry process from end to end
- Development, preparation and analysis of reports covering aged debt and unallocated cash to be presented and reviewed at the monthly credit control review meetings.
- Responsible for monthly bank reconciliations for underwriting accounts covering all currencies.
- Keep Financial Controller and Finance Manager fully informed of the status of any projects assigned, and the progress any new initiatives
- Support team initiatives of improving the Credit Control function by reviewing existing processes and creating efficiencies.
- Assist with special projects as required.
Skills & experience
- A minimum of 3 years' experience working as a credit controller in the insurance sector (preferably London Market in Specialty Lines)
- Advance competency in MS Office applications: Word, Outlook and Excel (especially vlookup, pivot tables, sumif(s), countif(s))
- Excellent written and oral communication skills.
- Strong interpersonal skills in order to work effectively and professionally with diverse groups.
- Demonstrated ability to deliver and manage work within tight deadlines.