Credit Control

Portfolio Credit Control; City Of London; On-site; GBP 30,000 - 40,000; Part time

Job summary

A global insurance company is seeking an experienced credit controller for a 3-month FTC in London. Responsibilities include managing cash receipts, chasing debts, and working with underwriting teams to resolve issues. Ideal candidates will have a degree in finance or business administration and familiarity with Eclipse and AS400 systems. Strong analytical skills and excellent communication are essential.

Qualifications

• Previous experience in claims processing, credit control, or a similar role is advantageous.
• Familiarity with financial systems and software is desirable.

Responsibilities

• Producing and rendering premium statements for brokers and members.
• Chasing debts by email and/or telephone.
• Working closely with the Underwriting Teams to resolve unpaid premiums.
• Investigating received remittances to identify correct premiums.
• Clearing cash receipts on the AS400 accounting system.
• Managing daily cash receipts within the team.

Skills

Strong analytical skills

Excellent communication skills

Proficiency in Microsoft Office Suite

Problem-solving skills

Attention to detail

Education

Degree in finance, business administration, or related field

Tools

Eclipse

AS400

Job description

Overview

Portfolio Credit Control are currently partnered with a well-established business within the insurance sector who are currently looking to strengthen the team with an experienced credit controller on a 3 month FTC contract. This is a fantastic opportunity to work with an ever-growing business who truly support and develop their employees.

Main Responsibilities

• Producing and rendering premium and contra debt statements for the Clubs respective brokers and members.
• Chasing debts by email and/or telephone and recording progress for tracking purposes until balances received and cleared or if escalation required to the u/w team.
• Working closely with the Underwriting Teams to resolve unpaid premiums from the members and to discuss potential NoCs requirements where necessary.
• Investigation of received remittances from Brokers and Members in order to identify relevant correct premiums to be applied with the payment.
• Clearing the cash receipts on the AS400 accounting system.
• Manage the daily internal transfers of cash receipts between Eclipse (in run-off) and the AS400.
• Liaising with the Underwriters/technicians to resolve issues surrounding outstanding cashes and accounting issues (premium calculations difference, etc.) in order to reduce the Clubs unallocated cash and aged debt positions.
• Maintaining the unallocated cash items so there are few or no items over 30 days old.
• Make regular payments of return premiums, brokerage, continuity credits, or any credit refunds required.
• Set up new payee bank details with AS400 for outbound settlements.
• Verbally verifying those bank details where required.
• Identifying, querying and clearing potential offsets to keep the accounts clear.
• Dealing with both Internal/External queries in a timely manner.
• Managing the daily cash receipts within the team on a weekly rotation, ensuring the information is added to the cash tracker efficiently and accurately.
• Assisting the team members for coverage of tasks during holidays and other absences.
• Providing regular updates to the Operations Manager surrounding the designated portfolio of accounts being managed.
• Review of processes and procedures to see what tasks could possibly be automated for more efficiency and streamlining.
• Ad hoc tasks delegated by the Operations Manager support the team's progress.
• Completing assigned training course for their continual personal and business development and growth.

Qualifications and Experience

• A degree in finance, business administration, or a related field is preferred.
• Previous experience in claims processing, credit control, or a similar role is advantageous.
• Familiarity with financial systems and software, such as Eclipse and AS400, is desirable.

Skills and Competencies

• Strong analytical skills with attention to detail and accuracy.
• Excellent communication skills, both written and verbal, for effective interaction with internal and external stakeholders.
• Proficiency in Microsoft Office Suite, particularly Excel, for financial reporting and data analysis.
• Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
• Problem-solving skills to address and resolve issues promptly.

Personal Attributes

• Highly organized and able to maintain meticulous records.
• Proactive and self-motivated with a willingness to learn and develop.
• Team player with a collaborative approach to work.
• Professional and courteous demeanour, with a strong sense of integrity and confidentiality.