London Market Credit Controller

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

Job summary

A leading company in the insurance sector is seeking a Credit Controller in London. The role involves managing premium credit control, ensuring timely payments, and supporting the Premium Debt management process. Ideal candidates will have experience in the London Market and a strong understanding of credit control procedures.

Benefits

25 days Annual Leave + Bank Holidays

10% Non-contributory Pension

Eligibility for an Annual Bonus

Private Medical + Dental Insurance

Critical illness insurance + Life Assurance

Wellbeing and Development Scheme

Hybrid Working + IT Home Set-up Support

Qualifications

• Proven experience in a Credit Control role.
• Understanding of Lloyd's Minimum Standards.

Responsibilities

• Monitor premium payments and ensure they are received within agreed terms.
• Chase and reconcile aged debt accounts with brokers.
• Support the Premium Debt management process.

Skills

Credit Control

Negotiation

Analytical Skills

Education

Insurance Experience

Lloyd's London Market Experience

Job description

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View more categories View less categories Sector Finance and Accounts Contract Type Permanent Hours Full Time

About us

At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, supported by an effective strategy, superior products, and industry leaders working in a supportive environment to achieve this.

Our success is rooted in a strong culture where people are encouraged to be present, bold, and curious, enabling them to achieve their goals.

Please see our website for more information.

Credit Controller (London Market)

We are seeking a Credit Controller for a full-time position in London, reporting to the Head of Premium Debt Management.

The ideal candidate will have proven experience in a Credit Control role supporting activities within the London Market.

You will be part of the Underwriting Business Management Division, responsible for premium credit control, including monitoring, reporting, processing, and analyzing business underwritten by managed Syndicates and related Group companies.

You must understand Lloyd's Minimum Standards regarding credit control and premium collection procedures.

Your responsibilities include monitoring premium payments, processing credit control transactions, supporting the central Premium Debt management process, and maintaining effective relationships with underwriters, brokers, and third parties.

Responsibilities:

• Support the Premium Debt team with credit control processes and manage accurate premium data daily.
• Analyze and investigate aged debtor balances regularly.
• Chase, resolve, negotiate, and reconcile aged debt accounts with brokers.
• Handle complex reconciliations and liaise with underwriters to resolve premium queries efficiently.
• Collaborate with underwriting teams to improve premium credit control management.
• Monitor premium payments through relevant systems.
• Respond to internal queries and manage tasks within set timelines.
• Develop operational analysis of premium payment trends and verify unpaid premiums.
• Document processes effectively and engage stakeholders for continuous improvement.
• Assist other team areas and provide coverage as needed.
• Promote good conduct and understand escalation responsibilities related to conduct risk.

Knowledge and Skills

• Experience in Lloyd's London market is beneficial.
• Experience in Insurance is essential.

Diversity, Equity & Inclusion

We foster innovation and resilience through Diversity, Equity, and Inclusion, building a workforce that values diverse backgrounds and experiences, ensuring equitable opportunities for all.

Candidates can request reasonable adjustments during recruitment by contacting Talent Acquisition.

Sustainability and ESG

Our ESG strategy focuses on environmental, social, and governance topics, supporting community initiatives and volunteering opportunities.

Benefits

• 25 days Annual Leave + Bank Holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical & Dental Insurance
• Critical illness insurance, Life Assurance, and Health Insurance
• Wellbeing, Development schemes, EAP, and Health Assessments
• Electric Vehicle Salary Sacrifice Scheme
• Professional Development Support
• Hybrid Working & IT Home Setup Support

#BePresent #BeBold #BeCurious

Company

Learn more about this company

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