At a Glance
- Tasks: Lead cash oversight and enhance efficiency in reinsurance operations.
- Company: Join a top global reinsurance firm known for valuing staff and innovation.
- Benefits: Enjoy competitive pay, free canteen, and wellness perks like gym memberships.
- Why this job: Be part of a collaborative culture that empowers creativity and problem-solving.
- Qualifications: 5+ years in credit control management with strong analytical skills required.
- Other info: Opportunity to engage with senior management and diverse teams.
The predicted salary is between 43200 - 72000 £ per year.
Our client is a leading Global writer of Property & Casualty, Specialty and Credit Reinsurance, consistently recognised as a great company to work for, who truly value their staff and for the innovative way they combine data, experience and technology to understand and manage large and complex risks across the world. For over 25 years, they have helped customers and communities recover and build resilience through their industry-leading ability to understand risk, source efficient capital and rapidly pay claims.
Their highly talented team shares a passion for solving their customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking. They provide a dynamic, positive & engaging culture and a highly competitive remuneration package including basic, bonus and LTIP, plus extras such as a free quality staff canteen and free platinum+ wellbeing benefits (multiple gym brands, nationwide, wellness apps etc). It’s easy to see why they enjoy low staff turnover rates offering such a great environment for positive, hardworking individuals to thrive & develop in.
We are seeking a diligent and proactive Cash Oversight Manager to join our client’s reinsurance Operations team. This is a highly strategic role with a key focus on participating in projects to enhance the efficiency and effectiveness of processes and reporting requirements in an increasingly complex reinsurance environment.
The successful hire will have close interaction across multiple areas of the business including the Operations teams, Finance, Claims, and Underwriting teams, as well as externally with brokers/clients. Therefore, we are seeking an engaging and highly collaborative person and people manager with the gravitas to operate at all levels both internally and externally and who is comfortable presenting at a senior level.
You will have an aptitude for data analysis and the preparation and presentation of board level reporting, a good working knowledge of SOX controls, and experience or strong ability of implementing or improving policies and procedures in relation to credit control.
- Leadership and engagement with Cash Team Managers: work closely with the Cash team managers and wider team to ensure accurate and timely cash flow management and reconciliation (overdue Premium Management, Manage Accounts Receivables and Payables, Cash in Suspense Management).
- Data Analytics Oversight: oversee all data analytics including analysing premium collection patterns, identifying trends in overdue accounts, and using data-driven insights to improve collection strategies. Develop and maintain dashboards and reports to monitor key performance indicators (KPIs) and support decision-making.
- Reporting: prepare and present regular detailed reports to senior management, highlighting KPIs, SLAs, metrics and trends on the status of outstanding premiums, overdue accounts, and collection activities.
- Broker Engagement, Client Management: engage with multiple internal departments and stakeholders.
- Training: management of global reinsurance processing training, leading delivery by working closely with all managers.
- Controls and Risk Management (SOX): ensure compliance and effective risk management.
Minimum 5 years + experience in successful credit control management with strong knowledge of accounts receivables, accounts payable, and cash in suspense management in an Insurance or Reinsurance environment. Proven track record of reducing and maintaining outstanding accounts receivable and payable through dynamic engagement with external parties, including brokers and cedants, and internal teams such as Operations and Claims and of course the Cash team.
Senior Manager / Manager - Account Management employer: Bunn Abbott Consulting ltd
Contact Detail:
Bunn Abbott Consulting ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Manager / Manager - Account Management
✨Tip Number 1
Familiarise yourself with the latest trends in data analytics and credit control within the reinsurance sector. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the reinsurance industry, especially those involved in cash management and credit control. Attend relevant industry events or webinars to build connections that could provide insights or referrals for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed accounts receivables and payables in previous roles. Highlighting your achievements in reducing outstanding accounts will demonstrate your capability and fit for the position.
✨Tip Number 4
Showcase your leadership skills by preparing to discuss how you've effectively trained and managed teams in the past. The ability to lead and engage with team members is crucial for this role, so be ready to share your experiences.
We think you need these skills to ace Senior Manager / Manager - Account Management
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Senior Manager / Manager - Account Management position. Make sure you understand the key responsibilities and required skills, such as data analysis, credit control management, and stakeholder engagement.
Tailor Your CV: Customise your CV to highlight relevant experience in credit control management, accounts receivables, and cash flow management. Use specific examples that demonstrate your ability to lead teams and improve processes in a reinsurance environment.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your background aligns with their collaborative culture and innovative approach to risk management. Be sure to include your experience in presenting to senior management.
Highlight Data Analytics Skills: Emphasise your aptitude for data analysis in both your CV and cover letter. Provide examples of how you've used data-driven insights to improve collection strategies or enhance reporting processes in previous roles.
How to prepare for a job interview at Bunn Abbott Consulting ltd
✨Understand the Company Culture
Before your interview, take some time to research the company's culture and values. Since they pride themselves on a collaborative and entrepreneurial environment, be prepared to discuss how your own values align with theirs and provide examples of how you've thrived in similar settings.
✨Showcase Your Data Analysis Skills
Given the emphasis on data analytics in this role, come prepared with specific examples of how you've used data to drive decisions or improve processes in previous positions. Highlight any tools or methodologies you are familiar with that could be relevant to their operations.
✨Prepare for Senior-Level Presentations
Since the role involves presenting to senior management, practice articulating your thoughts clearly and confidently. Prepare a mock presentation on a relevant topic, focusing on how you would report on KPIs or trends in overdue accounts, as this will demonstrate your readiness for the role.
✨Engage with Stakeholders
The job requires close interaction with various teams and external parties. Be ready to discuss your experience in managing relationships with stakeholders, including brokers and clients. Share examples of how you've successfully navigated complex interactions to achieve positive outcomes.