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- Tasks: Join our Finance Operations team as a Credit Controller, managing overdue accounts and collaborating with various departments.
- Company: We are a leading insurance firm based in London, dedicated to excellence in financial operations.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: This role offers a chance to make an impact in the insurance sector while honing your financial skills.
- Qualifications: Must have experience in Insurance Credit Control and strong Excel skills; proficiency in Spanish is a plus.
- Other info: Ideal for proactive individuals ready to challenge norms and drive improvements in credit control processes.
The predicted salary is between 36000 - 60000 £ per year.
This is a unique opportunity for a credit controller in a Finance Operations team. Please only apply for this role if you have Insurance Credit Control experience.
Location: This position will be based out of our London office.
Job Requirements:- Pro-active credit control
- Ensure overdue/late accounts are followed up and escalated to management.
- Follow up on action points/escalations from review meetings and update Line manager.
- Analyse and review trends and provide recommendation to reduce the overdue debt in consultation with Line manager.
- Handle and follow up on any queries from the collections operation including cash allocation.
- Timely investigation and resolution of challenging accounts/cedants.
- Collaborate with Finance department, underwriting department, claims department brokers and clients to resolve any queries or technical issues.
- Experience of credit control in the Insurance sector.
- Experience of Aged Debt Reporting and analysis is essential.
- Credit Control experience in any European market highly desirable but not essential.
- Strong Excel skills at Proficient Level are essential for this role.
- Strong grasp of business processes and systems.
- Ability to work on own initiative.
- Ability and confidence to challenge existing procedures and use of system.
- Good understanding of Bureau systems and procedures desirable but not essential.
- Knowledge of London Insurance and Reinsurance products would be an advantage.
- Awareness of Sox Controls is desirable but not essential.
- Proficient in Spanish ideally but any other European language would be very beneficial.
Insurance Credit Controller employer: Next Employment
Contact Detail:
Next Employment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Credit Controller
✨Tip Number 1
Make sure to network with professionals in the insurance sector. Attend industry events or join online forums where you can connect with current credit controllers and finance professionals. This can give you insights into the role and potentially lead to referrals.
✨Tip Number 2
Brush up on your Excel skills, as they are essential for this role. Consider taking an online course or tutorial that focuses on advanced Excel functions relevant to financial analysis and reporting, which will help you stand out during the interview process.
✨Tip Number 3
Familiarise yourself with the latest trends in credit control within the insurance industry. Read up on case studies or reports that highlight effective strategies for managing overdue debts, as this knowledge can be a great talking point in interviews.
✨Tip Number 4
If you have experience with Bureau systems, make sure to highlight this in conversations. If not, take some time to research these systems and understand their relevance in the credit control process, as it shows your initiative and willingness to learn.
We think you need these skills to ace Insurance Credit Controller
Some tips for your application 🫡
Highlight Relevant Experience: Make sure to emphasise your experience in insurance credit control. Use specific examples from your previous roles that demonstrate your ability to manage overdue accounts and collaborate with various departments.
Showcase Analytical Skills: Since the role requires Aged Debt Reporting and analysis, include any relevant experience you have in analysing trends and making recommendations. Mention specific tools or methods you used to achieve results.
Demonstrate Proficiency in Excel: As strong Excel skills are essential, mention any advanced functions or features you are familiar with. If you have completed any relevant training or certifications, be sure to include those as well.
Tailor Your CV and Cover Letter: Customise your CV and cover letter to reflect the job description closely. Use keywords from the job posting to ensure your application stands out and aligns with what the company is looking for.
How to prepare for a job interview at Next Employment
✨Showcase Your Insurance Credit Control Experience
Make sure to highlight your previous experience in insurance credit control during the interview. Be prepared to discuss specific examples of how you've successfully managed overdue accounts and collaborated with various departments.
✨Demonstrate Your Analytical Skills
Since the role requires analysing trends and providing recommendations, be ready to talk about your experience with Aged Debt Reporting. Bring examples of how your analysis has led to successful outcomes in reducing overdue debt.
✨Familiarise Yourself with Relevant Systems
Brush up on your knowledge of Bureau systems and any relevant software you might have used in previous roles. Being able to discuss your proficiency in Excel and how you've used it for reporting will impress the interviewers.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities, especially regarding challenging accounts. Think of scenarios where you've had to resolve complex issues and be ready to explain your thought process and the outcome.
