Receivables Coordinator in Croydon

Receivables Coordinator in Croydon

Croydon Full-Time 30000 - 40000 £ / year (est.) No working from home possible
American International Group

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, including health, wellbeing, and professional development opportunities.
  • Other info: Inclusive culture that values diversity and supports continuous learning.
  • Why this job: Kickstart your career in finance with training and the chance to make a real impact.
  • Qualifications: Credit control experience and strong analytical skills are essential.

The predicted salary is between 30000 - 40000 £ 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. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

Receivables Coordinator in Croydon employer: American International Group

AIG is an exceptional employer, offering a dynamic work environment in London where collaboration and innovation thrive. With a strong focus on employee wellbeing, our Total Rewards Program provides comprehensive benefits that support health, financial security, and professional development. Join us to be part of a culture that values diversity and inclusion, fostering growth opportunities while making a meaningful impact in the insurance industry.

American International Group

Contact Details:

American International Group Recruitment Team

StudySmarter Expert Advice🤫

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

Tip Number 1

Network like a pro! Reach out to your connections on LinkedIn or even in person. Let them know you're on the hunt for a Receivables Coordinator role. You never know who might have the inside scoop on job openings!

Tip Number 2

Prepare for interviews by practising common questions related to credit control and reconciliations. We recommend doing mock interviews with friends or using online resources to boost your confidence and refine your answers.

Tip Number 3

Showcase your skills! Bring along examples of your previous work, especially those involving complex reconciliations or ledger management. This will help you stand out and demonstrate your attention to detail.

Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at AIG.

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

Credit Control Experience
Insurance Experience
Strong Verbal Communication Skills
Strong Written Communication Skills
Reconciliation Management
Data Analysis
Advanced Excel Skills

Some tips for your application 🫡

Tailor Your CV:Make sure your CV is tailored to the Receivables Coordinator role. Highlight your credit control experience and any relevant skills, like your advanced Excel knowledge. We want to see how you can bring value to our team!

Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your attention to detail and communication skills, and how they align with our goals at AIG.

Showcase Your Achievements:When detailing your past experiences, focus on specific achievements. Did you improve collections performance or resolve complex discrepancies? We love numbers, so quantify your successes where possible!

Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team!

How to prepare for a job interview at American International Group

Know Your Numbers

As a Receivables Coordinator, you'll be dealing with complex reconciliations and large data sets. Brush up on your Excel skills, especially Pivots, and be ready to discuss how you've managed similar tasks in the past. Bring examples of your work to showcase your analytical skills.

Communication is Key

This role requires excellent communication skills, so practice articulating your thoughts clearly. Think about how you can demonstrate your ability to liaise effectively with various stakeholders, including brokers and back-office teams. Prepare to share specific instances where your communication made a difference.

Show Your Attention to Detail

Attention to detail is crucial in this position. Be prepared to discuss how you've maintained accuracy in your previous roles, particularly in managing accounts and resolving discrepancies. You might even want to bring a checklist or a process map that illustrates how you ensure quality assurance in your work.

Be Ready for Problem-Solving

The job involves resolving account issues proactively, so think of examples where you've successfully tackled challenges in your previous roles. Prepare to discuss your approach to problem-solving and how you handle pressure, especially when deadlines are tight.