At a Glance
- Tasks: Oversee premium collection and reconciliation for delegated authority business.
- Company: Join Argenta Group, a leading player in the Lloyd’s market with a global presence.
- Benefits: Competitive salary, supportive culture, and opportunities for professional growth.
- Other info: Dynamic work environment focused on continuous improvement and teamwork.
- Why this job: Make a real impact in credit control while collaborating with diverse teams.
- Qualifications: Experience in DUA credit control and strong Excel skills required.
The predicted salary is between 49500 - 60500 £ per year.
Argenta Group is headquartered in London and has a presence in Australia, employing c.300 people globally.
We are proud of our unique and rich history of trading in the Lloyd’s market, both as a Syndicate and Members’ Agency, and to be part of the Hannover Re Group.
Our long-standing workforce are our greatest asset; the expertise and knowledge they bring has resulted in our successful track record and continues to shape our future growth strategy.
About the role
The Senior DUA Credit Control Analyst is responsible for overseeing the timely collection, reconciliation and allocation of premium relating to delegated authority business.
The role works closely with brokers, coverholders, underwriting teams, finance and external market stakeholders to ensure premiums are received in line with contractual terms, outstanding balances are actively managed, and credit control processes are delivered accurately and efficiently.
The candidate will play a key role in managing aged debt, resolving premium and bordereaux discrepancies, supporting cash allocation activity, and contributing to robust governance across DUA arrangements.
Key responsibilities
- Responsible for the operation of the credit control function in relation to all Delegated Authority by ASML managed Syndicates.
- Monitor and manage delegated authority premium debt, ensuring timely follow-up of overdue balances with brokers, coverholders and other relevant parties.
- Reconcile written, signed and settled premium bordereaux to identify outstanding declarations, payment variances, data discrepancies and allocation issues ensuring that any trends are investigated and actioned
- Create and maintain accurate DUA credit control process documents to satisfy audit requirements
- Prepare and present regular DUA Credit Control reports consisting of KPI summaries and performance statistics to the various committees
- Liaise with brokers and coverholders to ensure payment expectations, contractual terms and reporting requirements are clearly understood and met
- Identify recurring issues, root causes and process improvement opportunities relating to premium collection, data quality and bordereaux reporting.
- Strive for continuous improvement initiatives across delegated authority credit control processes, systems, controls and reporting.
- Build and maintain effective relationships with your various stakeholders
- Undertake any other related duties as may be reasonably required
- Working for a regulated Company, you will be expected to perform your duties to the highest of standards, in accordance with the following Conduct Rules as specified by the FCA:
- You must act with integrity
- You must act with due care, skill and diligence
- You must be open and co-operative with the FCA, PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct.
Skills and experience
- Proven DUA credit control experience within a Lloyd’s Syndicate, including binders, lineslips, consortia, coverholders and bordereaux processes, is essential
- Highly proficient in Microsoft Excel and other London Market insurance software applications.
- Strong working knowledge of credit control processes and procedures.
- A self-starter, able to take ownership, roll sleeves up, juggle multiple activities and meet expected deadlines.
- Detailed understanding as to how the London Insurance Market operates.
- Ability to interpret financial, premium and bordereaux data and identify trends, errors or exceptions.
- Strong working knowledge of Microsoft Excel, including filters, lookups, pivot tables and data analysis techniques.
- Hands-on approach, with a willingness to work at a strategic and operational level.
- Behaviours
These five behaviours sit at the heart of how we work at Argenta
Supporting each other
Treat each other with dignity and respect, valuing our differences, so we can all be ourselves and achieve our goals.
Generating creative solutions
We do not settle for things that are not right; we do not walk by, we seek creative solutions.
Owning the delivery
We set clear objectives and deadlines; we are accountable and own the delivery end to end, knowing others will too.
High performing professionals, recognising the importance of wellbeing and balance in our lives.
Building longstanding relationships
Collaboration with our clients and those we work with is key; we work as a team to ensure the best outcomes.
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Senior DUA Credit Control Analyst employer: Argenta Group
Argenta Group is an excellent employer that values detail-oriented professionals and fosters a collaborative work culture. Located in a dynamic environment, employees benefit from comprehensive training and development opportunities, ensuring personal and professional growth. With a strong emphasis on governance and compliance, team members are empowered to make meaningful contributions while enjoying a supportive atmosphere.
StudySmarter Expert Advice🤫
We think this is how you could land Senior DUA Credit Control Analyst
✨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.
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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 Argenta Group. 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 Senior DUA Credit Control Analyst
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 Argenta Group.
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 Argenta Group'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 Argenta Group
✨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 Argenta Group.
✨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 Argenta Group 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 Argenta Group 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.
