Receivables Coordinator in London

Receivables Coordinator in London

London Full-Time 27000 - 33000 £ / year (est.) No working from home possible
AIG

At a Glance

  • Tasks: Manage broker accounts and optimise collections performance through effective communication and problem-solving.
  • Company: Join AIG, a global leader in insurance solutions with a focus on innovation.
  • Benefits: Comprehensive benefits package, professional development opportunities, and a supportive work environment.
  • Other info: Inclusive culture that values diversity and promotes continuous learning.
  • Why this job: Make a real impact in a dynamic role while advancing your career in finance.
  • Qualifications: Experience in credit control, strong communication skills, and advanced Excel knowledge required.

The predicted salary is between 27000 - 33000 £ per year.

Join us as a Receivables Coordinator to take your career to the next level with a global market leader.

How you will create an impact

This is an excellent role for a candidate with excellent communication skills and attention to detail who has experience completing complex, high volume reconciliations and would like to progress their career. You will be given comprehensive training and the opportunity to complete professional qualifications.

Working as part of the UK Collection Team, the Coordinator role acts as a key support interface between Broker partners, onsite Product Towers, Broker and offshore (back-office operations). This role supports effective collaboration across all parties to help meet financial targets through the timely collection of premium due from clients. The position focuses on supporting established processes, maintaining strong working relationships, ensuring account handlers maintain allocated accounts to the requisite standard and contributing to continuous improvement initiatives across teams.

Some of the key responsibilities include:

  • Manage broker accounts to optimise collections performance through regular engagement, query resolution, and ledger oversight.
  • Maintain accurate ledger positions and ensure effective control of accounts receivable transactions.
  • Meet monthly and quarterly targets in line with business goals and objectives.
  • Take full ownership of allocated accounts, ensuring coding, commentary, and next actions are consistently updated.
  • Resolve account issues proactively to prevent overdue items.
  • Support and validate Bad Debt items, contributing to reduction and improved ledger accuracy.
  • Manage discrepancies (premium, commission, tax, gross differences) through agreed internal processes.
  • Monitor and action account entries daily, escalating issues to relevant teams where required.
  • Collaborate with third-party providers to ensure effective cash handling and query management.
  • Ensure timely resolution and escalation of queries, maintaining accountability through to completion.
  • Apply strong controls across cash processing, including validation and rejection of incorrect items.
  • Support continuous improvement initiatives and participate in escalation forums (e.g. war rooms, project teams).

What you’ll need to succeed

  • Credit Control experience.
  • Insurance experience advantageous.
  • Strong verbal and written communication skills with the ability to liaise effectively with people at all levels.
  • Proven capability in managing reconciliations involving large detailed data sets.
  • Able to work under pressure to meet strict deadlines.
  • Advanced knowledge of Excel, including Pivots.
  • Strong analytical skills.
  • Attention to detail and quality assurance.

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.

Receivables Coordinator in London employer: AIG

AIG is an exceptional employer located in Manchester, offering a dynamic work environment that fosters professional growth and development within the Financial Lines sector. With a strong emphasis on employee wellbeing, AIG provides a comprehensive benefits package and encourages a culture of collaboration and innovation, making it an ideal place for those looking to make a meaningful impact in the field of cyber underwriting.

AIG

Contact Details:

AIG Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Receivables Coordinator in London

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.

Connect on Professional Platforms

Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like AIG. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.

We think you need these skills to ace Receivables Coordinator in London

Credit Control
Insurance Knowledge
Communication Skills
Reconciliation Management
Data Analysis
Excel Proficiency
Attention to Detail

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to AIG.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on AIG's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at AIG

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with AIG.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at AIG will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former AIG employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.