At a Glance
- Tasks: Manage premium collections and enhance cash flow while liaising with brokers and underwriting staff.
- Company: Join AXIS Capital, a global leader in specialty insurance and reinsurance.
- Benefits: Enjoy competitive pay, health plans, tuition reimbursement, and flexible working arrangements.
- Other info: Opportunity for career growth in a supportive and ethical environment.
- Why this job: Be part of a dynamic team that values your contributions and fosters an inclusive culture.
- Qualifications: General insurance knowledge and strong communication skills are essential.
The predicted salary is between 50000 - 70000 £ per year.
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.
How does this role contribute to our collective success? Aids premium collection, enhances cash flow and minimizes debt.
What will you do in this role?
- Monitor and manage outstanding premium balances across multiple insurance products.
- Liaise with brokers and underwriting staff, on at least a monthly basis, to resolve premium discrepancies and ensure prompt payment.
- Chase overdue balances via phone, email and face to face meetings, maintaining a professional and diplomatic approach.
- Maintain records of all communications and ensure insurance accounting system notes are up-to-date and accurate.
- Escalate problematic accounts to Underwriting teams and Premium Accounting management and recommend appropriate action.
- Liaise with A&R team on insurance system reconciliation issues.
- Liaise with Offshore teams where required.
- Be aware of London Market news re financial positions of brokers within the remit of the role.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You: We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experience we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- General insurance knowledge – principles and practices.
- Lloyd’s market knowledge.
- Good analytical skills.
- Good organization and time management capabilities.
- Good communications skills.
- IT Skills (ideal but not essential).
- A good standard of Excel & Word.
- A knowledge of AccessIRIS (good but not essential).
- A good knowledge of Lloyd’s/Company bureau systems.
Role Factors: In this role, you will typically be required to be in the office 9 days per calendar month and additionally if requested.
What we offer: You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family (spouse, dependents), health and wellness programs, retirement plans, tuition reimbursement, paid annual leave and much more.
This posting is for an existing vacancy.
Credit Controller - Open Market in London employer: Axis
At AXIS Capital, we pride ourselves on being a leading global provider of specialty lines insurance and reinsurance, offering an inclusive and empowering work environment that values diversity and individual contributions. Our commitment to employee growth is reflected in our comprehensive benefits package, which includes health and wellness programs, tuition reimbursement, and a supportive corporate culture that encourages professional development. Join us in London, where you can thrive in a dynamic team dedicated to excellence and innovation in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Controller - Open Market 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 Axis. 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 Credit Controller - Open Market in London
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 Axis.
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 Axis'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 Axis
✨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 Axis.
✨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 Axis 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 Axis 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.
