IBA Credit Controller
We are looking for someone to join the team who has a minimum of 5 years’ experience working within the Lloyds Reinsurance Market & who will be responsible for ensuring the collection of monies from Brokers within the Company’s agreed credit period to ensure timely settlement onto Markets.
Creating & Sending out Monthly Statements to Brokers for reconciliation and payment
Liaising with Brokers via Email & Telephone on the status of funds due from 3 weeks of due date
Chasing aged debt and issuing NOC where necessary.
Escalating Overdue Invoices to Portfolio Managers and working closely to put in place a plan to collect premium from agents
Allocate funds received & request closings and slips from Brokers to reconcile
Communicating with the admin team to reconcile funds received.
Prepare and circulate to the Board weekly Reports, Aged Debt, Premium Received, Commissions received, etc
Reconciling Bordereau payments to retro markets on a monthly basis.
Attending company meetings to report how the process is going and highlight any issues that need Portfolio Manager assistance on.
Education & Qualifications
At least 5 A-C Grade GCSE’s including English and English
Desirable: Insurance qualifications
Skills & Abilities
The ability to work in a team and individually
Excellent written and verbal communication skills
Strong attention to detail
The ability to work under pressure and to deadlines
Good Numeracy Skills
Sound Computer Skills
Knowledge & Experience
Spreadsheets, Excel applications.
Reconciliation process, e.g Bank and (Re) Insurer reconciliations, etc.
The Company's Credit management procedures and dealings with Accounting Systems.
Outcome focused, self-motivated, enthusiastic
Team worker with the ability to work on own initiative
Professional approach to relationships
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