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- Tasks: Support Premium Finance activities like credit control and consumer collections.
- Company: 1st Central is a leading insurance company known for its innovative use of data and technology.
- Benefits: Enjoy flexible working, health plans, and an electric car scheme in a supportive culture.
- Why this job: Join a dynamic team at an award-winning workplace with opportunities for growth and impact.
- Qualifications: Experience in Finance or Accounting, strong admin skills, and proficiency in Focus required.
- Other info: This is a 6-month fixed term role with potential for extension based on team needs.
The predicted salary is between 24000 - 32000 £ per year.
Location: Haywards Heath | Salary: £30,000 - £40,000 depending on experience | Department: Commercial
We’re 1st Central, a market-leading insurance company utilising smart data and technology. We pride ourselves on rapid growth driven by providing our 1.4 million customers with great value insurance and excellent service. We have been awarded Insurance Employer of the Year at the British Insurance Awards 2024, and our Glassdoor score reflects our great workplace culture!
We’re seeking a Commercial Executive - Premium Finance to join our Commercial & Marketing team at our Haywards Heath, West Sussex office. This role is a 6-month fixed term contract with potential extension based on team needs.
In this role, you’ll support First Central with activities related to the delivery of the Premium Finance product, including credit control, lending, and consumer collections.
Core skills required:- Experience in Finance / Accounting processes
- Proficiency with Focus
- Assist with outsourcing debt collection to Debt Collection Agencies (DCA), including fund accounting, write-offs, and administration
- Review daily aged debt reports to ensure data integrity
- Process manual journals for reconciliation
- Respond to queries from DCA’s and other departments within SLA
- Maintain controls throughout the department
- Plan and allocate daily workloads to meet SLAs
- Identify and implement process/system improvements for Premium Finance
- Ensure compliance with FCA CONC, TCF, and other standards
- Participate in system testing and project work
- Perform other duties as required
- Experience in credit control, lending, and collections
- Ability to meet deadlines
- Stakeholder management in regulated environments
- Excellent communication skills
- Strong organisational skills and time management
- Problem-solving and influencing skills
- Proficiency in MS Office, especially Word, Excel, Project, PowerPoint
- Good numeracy skills
- Self-motivated and proactive
- Understanding of credit control principles
- Knowledge of accounting systems and processes
- Regulatory awareness, including CONC and TCF
- Commercial awareness and impact understanding
- Self-motivated, enthusiastic, and organized
- Proactive and detail-oriented
- Flexible, positive attitude, and team player
- Customer-focused and driven to improve business outcomes
- Adaptable to change and proactive in project management
If this sounds like the role for you, apply today! Check out our reviews on Glassdoor and see what colleagues say about working here.
What we offer:- People-first culture with energetic, supportive workplaces
- Perks including health plans, flexible holidays, electric car scheme, flexible working, and more
Commercial Executive - Premium Finance (6 month Fixed Term) employer: First Central Services
Contact Detail:
First Central Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Executive - Premium Finance (6 month Fixed Term)
✨Tip Number 1
Familiarise yourself with the specific tools and software mentioned in the job description, particularly Focus. If you can demonstrate your proficiency during the interview, it will show that you're ready to hit the ground running.
✨Tip Number 2
Brush up on your knowledge of credit control principles and regulatory standards like FCA CONC and TCF. Being able to discuss these topics confidently will highlight your understanding of the industry and your readiness for the role.
✨Tip Number 3
Prepare examples from your past experience that showcase your problem-solving skills and ability to manage stakeholder relationships. This will help you illustrate how you can contribute to the team and handle challenges effectively.
✨Tip Number 4
Research 1st Central's company culture and values. Being able to align your personal values with theirs during the interview will demonstrate that you're not just a fit for the role, but also for the company as a whole.
We think you need these skills to ace Commercial Executive - Premium Finance (6 month Fixed Term)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in finance and accounting processes. Emphasise your proficiency with Focus and any relevant skills that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of credit control principles and your ability to meet deadlines. Mention specific examples from your past experiences that demonstrate your problem-solving and organisational skills.
Highlight Relevant Experience: In your application, clearly outline your previous roles related to credit control, lending, and collections. Use bullet points to make it easy for the hiring team to see how your background fits the role.
Show Enthusiasm for the Company: Express your excitement about the opportunity to work at 1st Central. Mention their recognition as Insurance Employer of the Year and how you align with their people-first culture and commitment to customer service.
How to prepare for a job interview at First Central Services
✨Showcase Your Financial Expertise
Make sure to highlight your experience in finance or accounting during the interview. Be prepared to discuss specific processes you've managed, such as credit control and lending, as these are crucial for the role.
✨Demonstrate Proficiency with Focus
Since the job requires expertise in Focus, be ready to explain how you've used this software in previous roles. Share examples of how it has helped you streamline processes or improve data integrity.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to manage stakeholder relationships. Think of scenarios where you've successfully navigated challenges in a regulated environment and be ready to share those experiences.
✨Emphasise Your Organisational Skills
The role demands strong organisational and time management skills. Prepare to discuss how you prioritise tasks and manage workloads to meet deadlines, especially in high-pressure situations.
