Credit Control Manager

JSS Search; London; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading insurance firm in London is seeking a Credit Control Manager to oversee the credit control function. The successful candidate will manage aged debt analysis and ensure timely allocation of premium receipts. Must have a minimum of 5 years’ experience in the insurance sector and advanced proficiency in MS Excel. This full-time role offers an opportunity to lead a small team within a dynamic environment.

Qualifications

• Minimum of 5 years’ experience working as a credit controller in the insurance sector.
• Advanced competency in MS Office applications, especially Excel.

Responsibilities

• Own all Credit Control functions including aged debt analysis.
• Ensure timely allocation of premium receipts.
• Follow up on overdue premiums and missing payments.
• Prepare reports for monthly credit control review meetings.
• Responsible for monthly bank reconciliations.
• 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 of any new initiatives

Skills

Credit control experience in insurance

MS Office proficiency (Excel)

Tools

MS Word

MS Outlook

MS Excel

VLOOKUP

Pivot Tables

SUMIFS

COUNTIFS

Job description

This range is provided by JSS Search. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Direct message the job poster from JSS Search

We are working with a leading Insurer for a Credit Control Manager. The business is a top performing MGA across specialty syndicates. Based either in London or Croydon, reporting to the Financial Controller, this role owns the credit control function of the insurer overseeing a small team.

The core responsibilities of this role are:

• 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.
• 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 to identify data quality issues that should be corrected at source.
• 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 of any new initiatives

The successful candidate will have:

• A minimum of 5 years’ experience working as a credit controller in the insurance sector (preferably London Market in Specialty Lines)
• Advanced competency in MS Office applications: Word, Outlook and Excel (especially vlookup, pivot tables, sumifs, countifs)

Seniority level

• Not Applicable

Employment type

• Full-time

Job function

• Finance, Administrative, and Accounting/Auditing
• Industries: Insurance, Insurance and Employee Benefit Funds, and Insurance Carriers