Credit Control Manager

Select Appointments; London; On-site; GBP 40,000 - 55,000; Full time

Job summary

A leading recruitment agency is seeking a Credit Control Manager to join their client, a growing organization in the London Insurance market. The candidate must have significant experience in credit control, especially within the insurance sector, and be proficient in MS Office applications. Responsibilities include managing credit control functions, ensuring timely premium allocations, and preparing financial reports. The role offers a competitive salary and excellent benefits.

Benefits

Competitive salary

Excellent benefits

Qualifications

• Proven experience in credit control within the insurance sector.
• Advanced skills in Excel, including vlookup, pivot tables, sumifs.
• Ability to communicate effectively in writing and verbally.

Responsibilities

• Manage all Credit Control functions and aged debt analysis.
• Ensure timely allocation of premium receipts.
• Follow up on overdue premiums and unallocated cash.
• Prepare reports for credit control review meetings.
• Conduct monthly bank reconciliations.

Skills

Credit control experience

MS Excel proficiency

Communication skills

Interpersonal skills

Ability to meet deadlines

Tools

MS Word

MS Outlook

Job description

Overview

Our client, a fast-growing organisation that predominantly work within the London Insurance market are looking for a Credit Control Manager to join their dynamic team. 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 credit control manager will be responsible for managing teams both onshore and offshore.

Duties and Responsibilities

• 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 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 any new initiatives.
• Support team initiatives of improving the Credit Control function by reviewing existing processes and creating efficiencies.
• Management of the outsourced credit control team.
• Assist with special projects as required.

The ideal candidate will have

• Strong, proven 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).
• 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.

The role offers a competitive salary and excellent benefits. If you fit the required criteria and would like to find out more, contact Andy at Select Recruitment for further detail.