IBA Credit Controller

Start date: Immediately DOE Flexible

Job Summary

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.

Key Responsibilities

  • 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

  • Sound decision-making

  • 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.

  • Accounting applications.

  • Reconciliation process, e.g Bank and (Re) Insurer reconciliations, etc.

  • The Company's Credit management procedures and dealings with Accounting Systems.

Aptitude

  • Outcome focused, self-motivated, enthusiastic

  • Team worker with the ability to work on own initiative

  • Professional approach to relationships

Apply now

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