Credit Controller

Sompo; London; On-site; GBP 35,000 - 45,000; Full time

Job summary

Sompo is seeking a Credit Controller to join their Finance Operations team in London. This role involves proactive credit control, managing overdue accounts, and collaborating with various departments to ensure effective credit management. Ideal candidates will have experience in the Lloyds Insurance market and strong Excel skills. The position offers a supportive work environment and opportunities for career development.

Benefits

Health & Wellness Benefits

Retirement & Savings Plans

Parental Leave & Adoption Assistance

Qualifications

• Experience in a similar role within the Lloyds Insurance/reinsurance market is essential.
• Experience of Aged Debt Reporting and analysis is essential.

Responsibilities

• Pro-active credit control and follow up on overdue accounts.
• Collaborate with Finance, Underwriting, Claims departments to resolve queries.
• Timely investigation and resolution of challenging accounts.

Skills

Credit Control

Excel

Business Processes

Technical Credit Control

Education

Membership of the Chartered Institute of Credit Management

Job description

Join to apply for the Credit Controller role at Sompo.

Are you looking for your next opportunity? 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.

What you’ll be doing:

1. Pro-active credit control
2. Ensure overdue/late accounts are followed up and escalated to management.
3. Follow up on action points/escalations from review meetings and update Line manager.
4. Analyse and review trends and provide recommendations to reduce overdue debt in consultation with Line manager.
5. Allocate signings to receivables.
6. Handle and follow up on any queries from the collections operation including cash allocation.
7. Allocate IPT/Taxes and follow up queries with Tax Department.
8. File documentation and activity as required.
9. Timely investigation and resolution of challenging accounts/cedants.
10. Collaborate with Finance, Underwriting, Claims departments, brokers, and clients to resolve queries or technical issues.
11. Perform 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 (including macros) at Proficient Level are essential.
• Strong grasp of business processes and systems.
• Ability to work on own initiative and challenge existing procedures.
• Strong technical credit control skills.
• Good understanding of Bureau systems and procedures.
• Knowledge of London Insurance and Reinsurance products is an advantage.
• Awareness of Sox Controls is desirable.
• Membership of the Chartered Institute of Credit Management is desirable.

Our Benefits:

• Expansive Health & Wellness Benefits
• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance

Our Values and Culture: We aim to create exceptional value for clients and shareholders, fostering an inclusive, diverse, and respectful work environment. We are committed to eliminating racism, bigotry, prejudice, and injustice, investing in building an inclusive workplace.

About Us: Sompo is a global provider of property, casualty, and specialty insurance and reinsurance, with 130 years of experience. We are dedicated to simplifying your risk management journey with expertise and care.

Visit our website at www.sompo-intl.com to learn more.

Seniority level

• Associate

Employment type

• Full-time

Job function

• Accounting/Auditing and Finance

Industries

• Insurance