Reinsurance Cash and Credit Control Specialist

Liberty Specialty Markets; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A global insurance provider in London seeks a Reinsurance Cash and Credit Control Specialist to manage cash and debt across operations. The ideal candidate will possess relevant accounting experience, particularly in reinsurance, and strong analytical skills. Responsibilities include collaborating with teams to produce detailed reports and optimize cash flow, ensuring stakeholders' requirements are met while promoting a supportive workplace culture. This is a full-time, permanent role offering career development and diversity initiatives.

Benefits

Vibrant and inclusive work environment

Commitment to career development

Promoted work-life balance

Qualifications

• Relevant accounting experience, preferably in reinsurance accounting.
• Proficient use of MS Office, especially Excel.
• Ability to work to varying and demanding deadlines.
• Strong analytical skills and good time management.

Responsibilities

• Manage cash and debt within appropriate service levels.
• Develop and maintain key outputs of Credit Control metrics.
• Monitor and deliver teams KPIs and KRIs.
• Review overdue premium debtors for underwriting teams.

Skills

Relevant accounting experience

Proficient in MS Office, especially Excel

Strong analytical skills

Good organizational skills

Ability to work independently

Knowledge of reinsurance accounting

Job description

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 10-Dec-2025

Employment Type: Permanent

Employment Type: Full time

Ref #: 1234572091

Description & Requirements

Role Title: Reinsurance Cash and Credit Control Specialist

Department: Operations

Team: Business Support

Location: London

Type: Permanent

About the Department & Team:

The Cash & Credit Control department in London is a key operational department responsible for cash and credit control across all LMIE UK, Brexit branches and LMRe. This includes:

• Managing cash and debt within appropriate service levels
• Establishing, maintaining and leveraging both internal and external relationships in order to achieve the reduction in cash and debt.
• Production of accurate LMRe Company and syndicate aged debtor and overdue premium reporting, with a view to enabling the minimisation of bad debt potential and maximising premium income collection.
• To produce data quality analysis and reconciliations as necessary to support Finance and Solvency II objectives.

Key Responsibilities:

• Reports to LMRe Cash and Credit Control Manager
• Collaboration with LMIE UK, LMIE Europe and LMAL Credit Control Managers to produce monthly and quarterly reporting for Underwriting, Senior Management and Finance. Supporting various month closed procedures as directed.
• Support the LMRe credit control and cash allocation portfolio with local offices and offshore to deliver day to day output, workload and monthly success reducing cash and debt.
• Develop and distribution of key outputs of Credit Control and their metrics across the business.
• Have regular meeting with Key Stakeholders to ensure that their requirements are fulfilled..
• Active management of aged debt, unallocated cash, stakeholder queries to deliver continuous improvements.
• Monitoring and delivery of teams KPIs and KRIs
• Run and Analyse monthly reports, as well as payment performance where applicable, liaising with Underwriters accordingly.
• Review and investigate overdue premium debtors and compile reporting for underwriting teams
• Review with Underwriters the reporting of overdue premium for each class of business / aged debt bandings to resolve queries and to investigate any potential bad debt.
• Work with local Operations teams to ensure that EPI’s are accurate and up to date through the life-cycle of the contract
• Building and maintaining key relationships with Underwriting, Claims, Finance and Operational teams.Brokers and 3rd party service providers.
• Support internal initiatives to automate and maximise efficiency of processes including supporting user acceptance testing as required.
• Reconciliation and distribution of Broker statements supporting the offshore processes with an allocated portfolio
• Manage aged cash and debt escalation.Liaise with Brokers to ensure the timely settlement of all debts
• Investigation and resolution of cash and reallocation of misallocated cash
• Broker relationship management, to ensure payment performance and reduction of aged debt.
• Route cause analysis, collaborating with various stakeholders to ensure operational efficiency for assigned portfolio
• Liaising with XIS on individual Signings/Broker queries on a transaction basis.
• Review the potential outstanding premium for Closed Years of account and to ascertain the action that needs to be taken.
• Investigate and analyse Monthly Open Year Variance and Overdue Premium reports and resolve discrepancies.
• Ensure that escalation processes are identified, and communicated to the business.
• Monitor and resolve outstanding data queries and track the status of outstanding queries.
• Manage all audit related queries that relate to Credit Control, and ensure confident and accurate resolution/implementation.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include Solvency

Skills and Experience:

· Relevant accounting experience, preferably reinsurance accounting with knowledge of both European and London Market

· Profficient in the use of MS Office in particular Excel.

· The ability to work to varying and demanding deadlines

· Ability to work independently

· Strong analytical skills required

· Good organisational skills and time management (attention to detail is critical)

· XIS / Syndicate experience an advantage

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world‑class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). OurInclusion Matters frameworkand employee‑led networks strengthen the diversity of our workforce and our inclusive environment.
• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
• A supportive culture, which includes promoting a healthy work‑life balance and working flexibly.

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