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For Companies At a Glance
- Tasks: Manage credit control, collect funds, and resolve queries with brokers.
- Company: Join a dynamic insurance company focused on strong relationships and teamwork.
- Benefits: 12-month contract with competitive pay and opportunities for professional growth.
- Why this job: Make an impact by ensuring timely payments and building strong broker connections.
- Qualifications: Experience in Credit Control or IBA accounting within the insurance sector required.
- Other info: Fast-paced environment with a collaborative team and room for career advancement.
The predicted salary is between 36000 - 60000 £ per year.
Here at CFC we are looking for an experienced Credit Controller to be responsible for the timely collection of funds from brokers, resolution of aged debt and queries, and accurate cash allocation. The role supports departmental targets related to debt levels and unallocated cash, distribution of monthly statements and handling incoming enquiries from brokers, while maintaining strong relationships with both brokers and internal stakeholders.
About you
To be considered for this role, you must have experience in Credit Control or IBA accounting within the insurance sector.
Responsibilities
- Active credit control; ensure timely collection of funds from brokers; escalate unresolved debt and initiate actions such as Final Chasers or Notices of Cancellation where necessary.
- Unallocated cash – ensuring cash is applied accurately and resolving queries where applicable. Take ownership of queries and resolve issues to reduce aged debt.
- Monitor and follow up on debt over 60 days in line with departmental processes.
- Build strong broker relationships to ensure timely payments and issue resolution.
- Liaise regularly and collaboratively with underwriters and brokers to address overdue premiums and any payment delays.
- Respond to broker enquiries via phone and email. Distribute monthly statements. Escalate high-risk accounts and provide regular updates on aged debt.
- Provide support to other team members as needed, including assistance with cash allocation during busy periods.
Requirements
- Familiarity with multicurrency transactions and account reconciliation.
- Proficiency in Excel.
- Strong communication and stakeholder management.
- Analytical and detail-oriented with good problem-solving skills.
- Organised and proactive; able to manage priorities in a fast-paced environment.
- Collaborative team player with a flexible approach.
- Ability to work independently and manage a high-volume workload.
Credit Controller - 12 Month FTC employer: CFC
Contact Detail:
CFC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Controller - 12 Month FTC
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance sector and let them know you're on the hunt for a Credit Controller role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of credit control processes and IBA accounting. We want you to be able to showcase your experience confidently, so practice answering common interview questions related to debt collection and cash allocation.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.
✨Tip Number 4
Apply through our website for the best chance at landing that Credit Controller position. We’re always looking for talented individuals, and applying directly can help us see your application faster!
We think you need these skills to ace Credit Controller - 12 Month FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Credit Control or IBA accounting, especially within the insurance sector. We want to see how your skills match up with what we're looking for, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role and how you can help us achieve our departmental targets. Keep it concise but impactful – we love a good story!
Show Off Your Communication Skills: Since this role involves liaising with brokers and internal stakeholders, make sure your application reflects your strong communication abilities. Whether it's through your CV or cover letter, let us know how you’ve built relationships and resolved queries in the past.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about us and what we do!
How to prepare for a job interview at CFC
✨Know Your Numbers
Brush up on your knowledge of credit control metrics and financial terminology. Be ready to discuss how you've successfully managed aged debt in the past, as well as any specific tools or software you’ve used for cash allocation.
✨Build Rapport with Brokers
Since strong relationships with brokers are key, think of examples where you've successfully resolved disputes or improved communication. Show that you understand the importance of collaboration and can maintain a positive relationship even when chasing payments.
✨Demonstrate Your Problem-Solving Skills
Prepare to share specific instances where you've tackled complex queries or issues related to unallocated cash. Highlight your analytical skills and how you approach problem-solving in a fast-paced environment.
✨Excel at Excel
Given the emphasis on proficiency in Excel, be prepared to discuss your experience with spreadsheets. If possible, mention any advanced functions or data analysis techniques you’re familiar with, as this will show your capability to handle the role's demands.
