Credit Controller - Reinsurance

Sterling Williams are working alongside a leading specialty insurance group. We are seeking an experienced Credit Controller who will be expected to understand and manage the needs of key stakeholders; Brokers/Reinsurers, Underwriting team and Group Finance then demonstrate reinsurance knowledge and organisational acumen to deliver upon the RI Accounting remit.

Reinsurance Accounting Credit Controller role and responsibilities.

The successful candidate will be expected to understand and manage the needs of key stakeholders; Brokers/Reinsurers, Underwriting team and Group Finance then demonstrate reinsurance knowledge and organisational acumen to deliver upon the RI Accounting remit.

• Ownership and accountability for credit control and counterparty management oversite of broker and reinsurers to ensure portfolio performance.
• Review and evaluation of contract terms to ensure due dates are captured allowing timely recovery of reinsurance balances.
• Manage and administer credit control opportunities across all reinsurance types purchased - facultative, proportional and non-proportional treaty.
• Evaluation of actual vs estimated premium throughout life of contract to evaluate potential Premium Adjustments, Profit Commission & No Claims Bonus or Loss AP’s.
• Liaise with RI Account Handlers, underwriting lines of business, claims, brokers and clients to resolve queries.
• Utilise broker and client meetings to drive cash collection discuss broker and client payment performance
• Monthly reporting into Group Finance and back to underwriting team to seek agreement and understanding of all material movements.
• Drive with delivery of KPI’s for International and London Market business across all lines of business and trading partners.
• Compliance with the Finance month/quarter/year-end deadline requirements.
• Knowledge sharing of portfolio handling across Reinsurance accounting team to ensure business continuity

Skills and Experience Specification:

The successful candidate will require knowledge and experience gained through working for an Insurance/Reinsurance Syndicate, Company or Broker.

• Experience, knowledge and understanding of the Insurance/Reinsurance Market from a Lloyd’s, Company or broker market perspective
• Ability to learn and adapt in a dynamic environment
• Methodical approach to problem solving and decision making
• Customer focus and service mentality
• Self-motivated, can-do attitude and pro-active mindset
• Works well as part of a team and on individual tasks
• Focus on execution and timely delivery of quality outputs
• Strong verbal and written communication skills