(Senior) Credit Controller - Continental Europe

Sompo; Madrid; On-site; EUR 45,000 - 65,000; Full time

Benefits offered by this job

Expansive Health & Wellness Benefits

Generous Retirement & Savings Plans

Global Parental Leave & Adoption Assistance

Job summary

Sompo is hiring a Credit Controller for the Finance Operations team in Madrid or Barcelona. The role includes proactive credit control, managing overdue accounts, and collaborating with various departments to resolve queries. Candidates should have at least 5 years of experience in insurance or reinsurance credit control and strong proficiency in Excel, including macro skills. Language skills in English are essential, with Italian or French as a valuable advantage.

The position offers comprehensive health benefits and generous retirement plans.

Qualifications

• 5+ years of experience in a similar role in the Insurance/reinsurance market.
• Experience of credit control within the Insurance sector.
• Proficient in Excel including macros.

Responsibilities

• Pro-active credit control and management of overdue accounts.
• Collaborate with various departments to resolve queries.
• Handle cash allocation and follow up on queries.

Skills

Credit control experience

Aged Debt Reporting

Excel skills

Business process understanding

Language skills in English

Italian or French language skills

Education

Associate or member of the Chartered Institute of Credit Management

Job description

Credit controller – Finance Operations team, Continental Europe, located in Barcelona or Madrid.

Responsibilities

• Pro-active credit control
• Ensure overdue/late accounts are followed up and escalated to management.
• Follow up on action points/escalations from review meetings and update Line manager.
• Analyse and review trends and provide recommendations to reduce the overdue debt in consultation with Line manager.
• Allocate cash to receivables.
• Handle and follow up on any queries from the collections operation including cash allocation.
• Allocate IPT/Taxes and follow up queries with Tax Department.
• File documentation and activity as required.
• Timely investigation and resolution of challenging accounts/cedants is expected.
• Collaborate with Finance department, underwriting department, claims department, brokers and clients to resolve any queries or technical issues.
• Ad hoc duties as directed by Line Manager.

Qualifications

• 5+ years experience in a similar role within the Insurance/reinsurance market in Continental Europe is essential.
• Experience of credit control in the Insurance sector, especially in context of co‑insurance.
• Experience of Aged Debt Reporting and analysis is essential.
• Strong Excel skills at Proficient Level (including macros) are essential for this role.
• Strong grasp of business processes and systems.
• Ability to work on own initiative.
• Ability and confidence to challenge existing procedures and use of system.
• Strong technical skills including credit control skills.
• Good understanding of co‑insurance systems and procedures.
• Knowledge of Insurance and Reinsurance products in Continental Europe would be an advantage.
• Awareness of Sox Controls is desirable but not essential.
• Associate or member of the Chartered Institute of credit management is desirable but not essential.
• English language skills are essential, Italian or French language skills are an advantage.

Benefits

We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents.

• Expansive Health & Wellness Benefits
• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance