At a Glance
- Tasks: Manage credit control processes and oversee an outsourced team in India.
- Company: Join a leading Lloyd's of London Syndicate during a period of growth.
- Benefits: Enjoy hybrid working options and a competitive salary of £60,000 - £70,000 pro rata.
- Why this job: Be a key player in cash collection and credit risk management in a dynamic environment.
- Qualifications: Experience in Lloyd's market and managing outsourced credit control functions is essential.
- Other info: This is a 6-month fixed-term contract with high visibility and responsibility.
The predicted salary is between 42000 - 49000 £ per year.
We are seeking a skilled Credit Control Manager for a 6-month fixed-term contract to join a leading Lloyd’s of London Syndicate. This is a stand-alone position overseeing the end-to-end credit control function and managing the relationship with an outsourced team based in India. This is a fantastic opportunity for an experienced credit control professional with a background in the Lloyd’s market to play a pivotal role in ensuring effective cash collection, reconciliation, and credit risk management during a key period of transition and growth.
Key Responsibilities:
- Oversee and manage the outsourced credit control team (India-based), ensuring service levels and KPIs are met.
- Maintain full ownership of the credit control process, including cash allocation, debt chasing, and broker relationships.
- Ensure accuracy and timeliness of cashflow reporting, aged debt analysis, and reconciliations.
- Act as the internal credit control subject matter expert, liaising with underwriting, finance, and operations teams.
- Lead process improvements and drive best practice across the function.
Requirements:
- Proven experience working within a Lloyd’s of London syndicate – essential or highly desirable.
- Demonstrable experience managing or overseeing outsourced credit control functions, ideally offshore.
- Self-sufficient and confident in a stand-alone role with high levels of responsibility and visibility.
- Strong knowledge of insurance market operations, broker relationships, and premium collection cycles.
- Excellent communication and stakeholder management skills.
Duration: 6 months
Salary: £60,000 – £70,000 pro rata
Location: City of London (hybrid working available)
Contact Detail:
Goodman Masson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Manager - Goodman Masson
✨Tip Number 1
Familiarise yourself with the Lloyd's of London market. Understanding its unique operations and challenges will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the credit control and insurance sectors. Attend industry events or join relevant online forums to connect with others who may provide insights or referrals for the position.
✨Tip Number 3
Prepare to discuss your experience with managing outsourced teams, especially in a remote setting. Highlight specific examples where you successfully met KPIs and improved processes.
✨Tip Number 4
Brush up on your communication skills, as this role requires liaising with various stakeholders. Practise articulating complex credit control concepts in a clear and concise manner to showcase your expertise.
We think you need these skills to ace Credit Manager - Goodman Masson
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in credit control, particularly within the Lloyd's market. Emphasise any roles where you've managed outsourced teams or overseen credit control functions.
Craft a Compelling Cover Letter: In your cover letter, explain why you're the perfect fit for this role. Mention your specific experience with cash collection, reconciliation, and managing broker relationships, as well as your ability to drive process improvements.
Highlight Relevant Skills: When detailing your skills, focus on your communication and stakeholder management abilities. These are crucial for liaising with various teams and ensuring service levels are met with the outsourced team.
Showcase Achievements: Include quantifiable achievements in your application, such as improvements in cashflow reporting accuracy or successful debt recovery rates. This will demonstrate your impact in previous roles.
How to prepare for a job interview at Goodman Masson
✨Showcase Your Lloyd's Experience
Make sure to highlight your experience within the Lloyd's of London market. Discuss specific roles or projects that demonstrate your understanding of the unique challenges and processes involved in credit control within this environment.
✨Demonstrate Leadership Skills
Since this role involves overseeing an outsourced team, be prepared to discuss your leadership style and experiences. Share examples of how you've successfully managed teams, particularly in remote or offshore settings, and how you ensured service levels were met.
✨Prepare for Technical Questions
Expect questions related to cash allocation, debt chasing, and reconciliations. Brush up on your technical knowledge and be ready to explain your approach to these processes, as well as any tools or software you have used in the past.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating your thoughts clearly and concisely, especially when discussing complex topics like credit risk management and stakeholder engagement. Be ready to provide examples of how you've effectively communicated with various teams.