Credit Controller

HFG Insurance Recruitment; City Of London; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

A leading insurance recruitment firm seeks an experienced Credit Controller to manage the end-to-end settlement process in the Lloyd's Market. This hybrid role involves tackling complex queries, ensuring liquidity through effective debt recovery, and closely interacting with underwriting and finance teams. Candidates must have proven experience in Syndicate Credit Control, strong analytical skills, and familiarity with market tools like IMR and Account Inquiry.

Qualifications

• Experience in Syndicate Credit Control function is essential.
• Technical literacy with insurance slips and premium calculations is required.
• Analytical ability to manage high-volume data and reconcile transactions.

Responsibilities

• Manage the production and distribution of monthly Aged Debt Reports.
• Act as the primary finance contact for underwriting divisions.
• Investigate discrepancies in premium payments.
• Utilize Lloyd's market tools to trace payment histories.
• Resolve broker queries with a data-driven approach.

Skills

Proven experience in Syndicate Credit Control

Ability to read and interpret insurance slips

Hands-on experience with IMR and Account Inquiry

Strong analytical skills

Tools

IMR (Information Management Repository)

Account Inquiry

Job description

Role Type: Permanent Hybrid: 3 days a week, 2 days working from home

Are you a "switched-on" Credit Controller with a deep understanding of the Lloyd's Market?

This is a high-visibility opportunity for a technical specialist to manage a diverse family syndicates.

As an integral part of the Credit Control function, you will take ownership of the end-to-end settlement process. You will be responsible for resolving complex technical queries, ensuring liquidity through diligent debt recovery, and bridging the gap between underwriting and finance for startup business units.

Key Responsibilities

• Proactive Debt Recovery: Manage the production and distribution of monthly Aged Debt Reports for multiple syndicates, directly chasing premiums to ensure healthy cash flow.
• Act as the primary finance contact for internal underwriting divisions, providing data-driven updates and managing stakeholder relationships with a service-oriented mindset.
• Investigate "Written vs. Signed" discrepancies and manage the full lifecycle of premiums, instalments, and adjustment premiums (AP/RP).
• Utilize Lloyd's market tools, specifically IMR and Account Inquiry, to trace slips, endorsements, and payment histories.
• Resolve complex broker queries with a "right-first-time" approach, ensuring all communication is concise, clear, and backed by accurate data.

Experience Required

• Proven experience in a Syndicate Credit Control function is essential.
• Technical Literacy: A must-have ability to read and interpret insurance slips and endorsements, including complex premium calculations and terms of trade.
• System Savvy: Hands-on experience with IMR (Information Management Repository) and Account Inquiry is a mandatory requirement.
• Analytical Rigor: A proven ability to manage high-volume data and reconcile written vs. paid positions across various classes of business.