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Credit Control Administrator – Insurance
Job summary
A leading recruitment agency is seeking a Credit Control Administrator in London, offering a salary of £25,000 - £28,000 per annum. The ideal candidate will assist in premium collections, liaise with brokers and underwriters, and support various credit control tasks. Prior experience in the insurance industry is preferred, and the role is integral to improving financial efficiency within a dynamic team.
Qualifications
- Experience in credit control or administration preferred.
- Ability to liaise with brokers and underwriters effectively.
Responsibilities
- Assist in the collection of unpaid premiums.
- Administer credit control tasks under guidance.
- Liaise with various stakeholders for settlement of payments.
- Raise intercompany transfers and payments.
- Contribute to KPI targets for debt reduction.
- Produce reports for committees.
- Engage in continuous improvement initiatives.
Skills
Date: 30 May 2023
Sector: INSURANCE
Type: Permanent
Location: London
Salary: £25000 - 28000 per annum
Email: brian@taylorjamesresourcing.com
Ref: BT995
Credit Control Administrator – Insurance to £28,000
Exposure to the insurance industry would be highly preferred for this varied administration and credit control role with this leading Lloyd’s Underwriters.
- The main function of the successful candidate will be to assist in the collection of unpaid premium within the Group which will involve liaising with brokers, underwriters, treasury and outsourced service providers who all have a part to play in the successful collection of premium.
- Under the guidance of the Credit Control Non Bureau Manager, administer bureau and non-bureau credit control tasks
- Liaise with brokers, underwriters, treasury and outsourced providers involved in the settlement of bureau and non-bureau premium payments
- Raise intercompany transfers and outgoing payments
- Contribute to meeting KPI’s in terms of the reduction of aged debt and unallocated cash within the group
- Assist in the production of reports to the Operations Committee and Credit Risk Committee
- Be involved with continuous improvement initiatives to reduce aged debt, unallocated cash and premium queries.
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.