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For Companies At a Glance
- Tasks: Lead credit control, manage collections, and oversee a team to ensure smooth operations.
- Company: Join a high-growth insurance organization offering innovative solutions globally.
- Benefits: Enjoy a competitive salary, bonuses, and hybrid work options.
- Why this job: Be part of a dynamic finance team and enhance your communication skills while making an impact.
- Qualifications: Experience in credit control and strong communication skills are essential.
- Other info: Opportunity to manage both onshore and offshore teams in a collaborative environment.
The predicted salary is between 40000 - 84000 £ per year.
Job Title: Credit Control Manager
Location : London, City. (Hybrid, 4 days office with 1 from home)
Employment Type : Permanent
Salary : £50,000/£60,000 + bonus + benefits
About Us
Our client a high growth organisation within the insurance sector, offering innovative solutions to clients across the world are seeking a Credit Control Manager to join their finance team.
The Role
- The responsibilities include collection, settlement, and allocation of all written premiums in line with company guidelines. This role requires the individual to be responsible for the credit control of all balances within their remit including Bad & Aged Debt Management.
- The individual will be required to develop and maintain relationships with all internal and external stakeholders, to provide a high level of service to all stakeholders. The role requires the individual to have interactions with numerous areas within the organisation (Underwriting, Finance, Claims) and external on a global basis so excellent communication skills are essential along with experience.
- Ensure that Credit Control is performed to a high standard to include attending regular meetings with internal and external parties.
- Management and oversight of London and offshore credit control teams (3 direct reports)
- Be responsible for the Credit Control of all outstanding balances (under individual accountability) including maintaining the input and timely reconciliation of cash receipts
- Attend regular meetings with underwriting and finance teams to effectively target and resolve aged debt issues.
- Maintain and promote a robust working relationship with local team and offshore team to resolve all queries and to improve service level provided and cash flow between all parties.
- Ensure a team approach is taken towards all program business ensuring all settlement requirements are adhered to.
Key Skills and Qualifications
- Proven experience in credit control, accounts receivable management including managing direct reports
- Strong knowledge of collection processes.
- Excellent communication and negotiation skills.
- High level of accuracy and attention to detail.
- Proficiency in financial management software and MS Office Suite (Excel, Word, etc.).
- Solid understanding of payment terms in Lloyd’s format (re)insurance contracts, including policy cancellation terms due to non-payment of premium (not essential)
- Demonstrable experience in managing credit control teams (onshore and offshore)
Please quote 51173 on email
This is only one of many vacancies we are handling. Alexander Lloyd Finance and Accountancy is the leading recruiter of part-qualified Accountants, Financial and Management Accountants, Financial Controllers, and Finance Directors across Surrey, Sussex, London, and Kent.
Due to the high amount of interest that we receive for each of our roles unfortunately we cannot respond to each application individually, therefore if you do not hear back from one of our consultants you have not been short listed for this role. Please continue to check our website for any other roles which may be of interest we receive for each of our roles unfortunately we cannot respond to each application individually, therefore if you do not hear back from one of our consultants you have not been short listed for this role. Please continue to check our website.
Credit Control Manager employer: Alexander Lloyd
Contact Detail:
Alexander Lloyd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Control Manager
✨Tip Number 1
Familiarize yourself with the specific collection processes and payment terms in Lloyd’s format. This knowledge will not only help you stand out but also demonstrate your commitment to understanding the nuances of the role.
✨Tip Number 2
Highlight your experience in managing credit control teams, especially if you have worked with both onshore and offshore teams. Be ready to discuss how you foster collaboration and improve service levels across different locations.
✨Tip Number 3
Prepare examples of how you've successfully resolved aged debt issues in previous roles. Being able to share specific instances where your communication and negotiation skills made a difference will set you apart.
✨Tip Number 4
Since this role involves regular meetings with various stakeholders, practice articulating your thoughts clearly and confidently. Strong communication skills are essential, so consider mock interviews to refine your delivery.
We think you need these skills to ace Credit Control Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in credit control and accounts receivable management. Emphasize any leadership roles you've held, especially if you've managed teams, as this is crucial for the position.
Craft a Strong Cover Letter: In your cover letter, address your communication and negotiation skills. Provide specific examples of how you've successfully managed relationships with stakeholders and resolved aged debt issues in previous roles.
Highlight Relevant Skills: Clearly list your proficiency in financial management software and MS Office Suite. Mention any experience you have with Lloyd’s format (re)insurance contracts, even if it's not essential, as it could set you apart from other candidates.
Follow Application Instructions: When submitting your application, ensure you quote the reference number 51173 in your email. This shows attention to detail and ensures your application is processed correctly.
How to prepare for a job interview at Alexander Lloyd
✨Showcase Your Credit Control Experience
Be prepared to discuss your previous experience in credit control and accounts receivable management. Highlight specific examples where you successfully managed collections, resolved aged debt issues, or improved cash flow.
✨Demonstrate Communication Skills
Since this role requires excellent communication with various stakeholders, practice articulating your thoughts clearly. Prepare to discuss how you've built relationships with internal teams and external clients in the past.
✨Highlight Team Management Experience
If you have experience managing teams, be ready to share your approach to leadership. Discuss how you motivate your team, handle conflicts, and ensure high performance, especially in a hybrid work environment.
✨Familiarize Yourself with Industry Standards
Brush up on your knowledge of payment terms in Lloyd’s format (re)insurance contracts. Even if it's not essential, showing that you understand industry standards can set you apart from other candidates.
