Credit Controller - Insurance FTC

About us

Avencia consulting are recruiting a credit controller on behalf of a Global Insurer based in the City of London. This is a 6 month fixed term contract with a base salary and travel contribution package.

The role

• To support the Financial Controller and the credit control team with technical knowledge, training and in depth team technical tasks.
• Develop knowledge and regularly produce accurate team debt reports (weekly and quarterly)
• Actively manage the age debt to clear focus of reducing ageing debt

Key accountabilities

• Collaborate with the key significant brokers to facilitate the timely collection of debt

• Support the Technical accountants within the team to resolve queries and provide in depth knowledge to ensure best practices are met

• Accurately process all cash amounts to the appropriate ledger, having agreed the items with the relevant third party. This includes brokers, co-insurers, reinsurers and other third parties, such as loss adjusters etc.

• Correctly allocate all cash against the respective debt entries on the ledgers and to be able to reconcile any balance due to/from the third party to the third party statements.

• Develop knowledge to promptly and proactively investigate any settlement or accounts queries on the ledgers, liaising with the underwriters, operations technicians and claims teams as appropriate to resolve the queries.

• Issue accurate and timely statements of account to all third parties, as required in order to facilitate prompt settlement

• Process accurate cash entries/journals onto the appropriate ledgers, in order to ensure up-to-date statement of accounts are maintained.

• To operate best practice credit control procedures in order to ensure Terms of Trade are met.

• To proactively participate in topics or other initiatives designed to improve the effectiveness or efficiency of the credit control department.

Skills & experience

• Strong knowledge of insurance and the terminologies used, across all lines of business.
• Good interpersonal skills - comfortable with phone & face to face discussions with customers, underwriters, brokers & other internal technical
• Experience of working with credit control teams & understanding their requirements, a definite
• Able to organise own workload effectively to meet service
• Deadline focused; able to work under pressure to meet tight deadlines
• Competent user of Excel & Word
• Systems knowledge, experience of using various company bespoke systems to extract data

Other

To discuss the role in more detail, please contact: