Junior Credit Controller in London

Junior Credit Controller in London

London Full-Time 27900 - 34100 £ / year (est.) No working from home possible
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At a Glance

  • Tasks: Manage broker accounts, collect outstanding balances, and resolve queries.
  • Company: Join a dynamic insurance company with a supportive team culture.
  • Benefits: Gain valuable industry experience and clear career progression opportunities.
  • Other info: Collaborative team atmosphere with a focus on personal development.
  • Why this job: Kickstart your finance career in a fun and challenging environment.
  • Qualifications: Customer service or finance experience preferred; strong attention to detail required.

The predicted salary is between 27900 - 34100 £ per year.

We're looking for a Junior Credit Controller to join our Credit Control team, supporting the day-to-day management of outstanding balances while building and maintaining strong relationships with brokers. Working closely with Credit Controllers and Team Leaders, you'll gain exposure to all aspects of insurance credit control, including premium collection, cash allocation, reconciliations and resolving broker queries. This is an excellent opportunity for someone looking to develop a long-term career in credit control within the insurance industry.

As a Junior Credit Controller, you'll take ownership of a portfolio of broker accounts, supporting the timely collection of debt and helping maintain accurate financial records. Alongside your core responsibilities, you'll contribute to team initiatives, process improvements and provide support across the wider Credit Control team when required. This role offers excellent learning opportunities and a clear development pathway into a Credit Controller position.

Key Responsibilities

  • Manage and collect outstanding balances across an allocated portfolio of broker accounts.
  • Build and maintain strong working relationships with brokers and internal stakeholders.
  • Proactively chase overdue debt and work with brokers to resolve aged balances.
  • Investigate and resolve broker and finance queries in a timely and professional manner.
  • Accurately allocate daily cash receipts and investigate unidentified cash and unallocated items.
  • Complete account reconciliations and resolve allocation discrepancies.
  • Prepare and distribute monthly broker statements.
  • Distribute cash cover and allocate settlements for team action.
  • Contribute to process improvements and support wider team projects.
  • Provide cover and support across the Credit Control team during periods of leave or increased workload.
  • Participate in team meetings and training to support personal development and collaboration.

We're looking for an enthusiastic and motivated individual with a genuine interest in developing a career in credit control and finance within the insurance industry. You'll ideally have previous experience in a customer service, finance or administrative role, with office-based experience being advantageous.

To be successful in this role, you'll have:

  • Strong attention to detail and accuracy.
  • Good organisational and communication skills.
  • Confidence working with financial data and numerical information.
  • Working knowledge of Microsoft Outlook and Excel.
  • A willingness to learn new systems and processes.
  • Proactive approach and the ability to work effectively as part of a team.
  • Positive attitude and eagerness to develop your skills and knowledge.

This is a fantastic opportunity to join a supportive team, gain valuable industry experience and build a successful career in credit control.

Core Values

  • Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.
  • Challenge everything: We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.
  • Have fun, be good: Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.

Junior Credit Controller in London employer: CFC

CFC in London is an exceptional employer, offering a vibrant work culture that fosters collaboration and innovation. As a Cyber Catastrophe & Portfolio Risk Actuary, you'll benefit from unparalleled growth opportunities while working at the forefront of cyber risk management, all within a supportive environment that values your insights and contributions.

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Contact Details:

CFC Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Junior Credit Controller 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 CFC. 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 Junior Credit Controller in London

Credit Control
Debt Collection
Financial Record Keeping
Relationship Management
Cash Allocation
Reconciliation
Problem Resolution

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 CFC.

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 CFC'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 CFC

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 CFC.

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 CFC 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 CFC 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.