At a Glance
- Tasks: Manage premium receivables and enhance cash flow while collaborating with brokers and underwriters.
- Company: Join a leading global specialty insurance agency known for innovation and industry expertise.
- Benefits: Enjoy a competitive salary, inclusive culture, and the chance to work in a dynamic global environment.
- Why this job: Make an impact in finance while growing with a forward-thinking team in the Lloyd’s market.
- Qualifications: 5+ years in credit control or finance, with experience in the P&C insurance sector required.
- Other info: Opportunity to support IT system enhancements and drive improvements in credit control processes.
The predicted salary is between 43200 - 72000 £ per year.
Acumen is partnering with a leading global specialty insurance agency to recruit a Credit Controller based in London. This organization operates across seven countries, underwrites for nearly 30 carriers, and is recognized for its innovative structure, industry expertise, and alignment with top-tier global insurance partners.
This is an excellent opportunity for a finance professional with Lloyd’s market experience to join a high-performing, international team. You will be instrumental in managing premium receivables, enhancing cash flow, and reducing past-due balances—while collaborating closely with brokers, underwriters, and cross-functional teams.
Responsibilities- Resolve unallocated cash, monitor broker responses, and maintain payment records.
- Provide status updates to the Credit Control Manager.
- Track high-risk overdue balances and support cancellation processes for non-payment.
- Reconcile and allocate cash in collaboration with offshore teams.
- Facilitate timely payments and issue resolution with brokers.
- Lead and prepare for meetings with brokers and underwriting teams.
- Maintain regular contact and provide weekly reports on overdue receivables.
- Identify and drive improvements in credit control processes.
- Support testing of IT system enhancements and reports.
- 5+ years in credit control, collections, or finance within P&C insurance.
- Experience with Lloyd’s market (open market & DUA).
- Familiarity with XIS (USM) and policy administration systems.
- Strong analytical, interpersonal, and communication skills.
- Proficient in Microsoft Office, especially Excel.
- Entrepreneurial, inclusive culture.
- Competitive compensation reflecting business growth.
- Opportunity to work in a globally connected and dynamic environment.
If you’re ready to make an impact and grow with a forward-thinking insurance agency, please apply now!
Contact Detail:
Acumen Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Controller (City of London)
✨Tip Number 1
Network with professionals in the Lloyd's market. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities within their organisations.
✨Tip Number 2
Familiarise yourself with the specific software mentioned in the job description, such as XIS (USM). Consider taking online courses or tutorials to enhance your skills, which will make you a more attractive candidate.
✨Tip Number 3
Prepare for potential interviews by brushing up on your knowledge of credit control processes and the insurance industry. Be ready to discuss how you've successfully managed overdue balances and improved cash flow in previous roles.
✨Tip Number 4
Showcase your analytical and communication skills during networking opportunities. Practice articulating your experiences clearly, as these are crucial for collaborating with brokers and underwriters in this role.
We think you need these skills to ace Credit Controller (City of London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in credit control and the Lloyd’s market. Use specific examples that demonstrate your skills in managing premium receivables and enhancing cash flow.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the insurance industry. Mention your familiarity with XIS and policy administration systems, and how your analytical skills can contribute to the team.
Highlight Relevant Experience: In your application, emphasise your 5+ years of experience in credit control or finance within P&C insurance. Be sure to include any achievements related to reducing overdue balances or improving credit control processes.
Showcase Communication Skills: Since the role involves collaboration with brokers and underwriters, highlight your strong interpersonal and communication skills. Provide examples of how you've successfully led meetings or resolved issues in previous roles.
How to prepare for a job interview at Acumen Group
✨Showcase Your Lloyd's Market Experience
Make sure to highlight your experience within the Lloyd’s market during the interview. Discuss specific examples of how you've managed premium receivables or dealt with brokers, as this will demonstrate your relevant expertise and understanding of the industry.
✨Prepare for Technical Questions
Expect questions related to credit control processes and systems like XIS (USM). Brush up on your knowledge of these systems and be ready to explain how you've used them in your previous roles to enhance cash flow and manage overdue balances.
✨Demonstrate Strong Analytical Skills
Be prepared to discuss how you approach problem-solving and analysis in your work. Use examples from your past experiences where your analytical skills led to successful outcomes, especially in reconciling cash or tracking overdue balances.
✨Emphasise Communication and Collaboration
Since the role involves working closely with brokers and cross-functional teams, highlight your interpersonal skills. Share instances where effective communication helped resolve issues or improved processes, showcasing your ability to collaborate in a team environment.