Credit Controller

Sompo; London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading provider of insurance seeks a Credit Controller for their London office. The role involves proactive credit control, collaboration with various departments, and requires strong analytical and technical skills. Ideal candidates will have experience in the Lloyds Insurance market.

Benefits

Generous Retirement & Savings Plans

Global Parental Leave & Adoption Assistance

Qualifications

• Experience in a similar role within the Lloyds Insurance/reinsurance market is essential.
• Strong Excel skills at Proficient Level (including macros) are essential for this role.

Responsibilities

• Pro-active credit control and ensure overdue accounts are followed up.
• Collaborate with Finance department and resolve queries.
• Timely investigation and resolution of challenging accounts.

Skills

Credit Control

Analysis

Collaboration

Problem Solving

Technical Skills

Education

Associate or member of the Chartered Institute of Credit Management

Tools

Excel

Job description

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Sompo has a unique opportunity for a credit controller in our Finance Operations team in our company market.

The Credit Control team is a key component of our International Insurance Division and works closely with Lloyds, brokers, cedants, externally as well as the finance, underwriting, underwriting operations, Information Technology and claims teams internally. Driven for a collaborative resolution to cash and credit control challenges to maintain superior customer service and profitability for the organisation.

Location: This position will be based out of our London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• 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 recommendation to reduce the overdue debt in consultation with Line manager.
• Allocate signings 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, 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.

What you’ll bring:

• Experience in a similar role within the Lloyds Insurance/reinsurance market is essential.
• Experience of credit control in the Insurance sector
• 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 Bureau systems and procedures.
• Knowledge of London Insurance and Reinsurance products 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.

We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents. Below are a few highlights of our inclusive benefit programs:

• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance

In today’s world, what do we stand for?

We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.

About Us

Expert Partners.
Clarity in complexity.
Unwavering commitment .

We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holdings’ 130 years of innovation, we’re committed to applying all of our experience to simplify yours.

Our dedication to you shows up in the care we put in every detail, working to create a frictionless risk management journey for everyone we serve.

We lead with your priorities, meticulously crafting solutions, sharing insights, and understanding your needs.

Around the world, our 9,000+ employees use their expertise to learn, improve and find clear answers for your complex challenges.

Because when you choose Sompo, you choose the ease of expertise.

We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 130 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 9,500 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of ExpertiseTM.

“Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange.