At a Glance
- Tasks: Manage client accounts, handle payments, and ensure accurate financial reporting.
- Company: Guy Carpenter is a global leader in risk advisory and reinsurance, part of Marsh McLennan.
- Benefits: Enjoy hybrid working, professional development, and a vibrant, inclusive culture.
- Why this job: Gain valuable experience in a progressive role while making an impact in a global business.
- Qualifications: Strong analytical skills, client management experience, and knowledge of accounts and settlements required.
- Other info: Flexible work environment with opportunities for mentorship and career growth.
The predicted salary is between 49000 - 68000 Β£ per year.
Join to apply for the IBA/Credit Control Analyst (Hybrid working) role at Guy Carpenter. Our Client Support Services department have an opportunity for an IBA/Credit Control Analyst with our Fiduciary Team. This is available on a hybrid basis, offering home working for 2 days, with the other 3 days based in our office in Witham.
As an IBA/Credit Control Analyst you will be securing agreement and settlement of balances with our Clients or markets. Handling & allocating payments and receipts for your own clients which includes unique lines of business, programme structures and reinsurance reporting requirements. Whilst a background in Reinsurance/insurance would be ideal, we would also welcome applications from candidates within additional sectors, who are able to demonstrate the required set of transferrable skills.
What can you expect?
- Work with Reinsurance professionals across Witham and London
- Gain significant experience of working within a technical capacity for a Broker
- Apply your experience and further development within a role thatβs truly progressive
- Be part of a global business that works with clients of all sizes to define, design and deliver innovative solutions to better quantify and manage risk
We will rely on you to:
- Take responsibility for own workload, including where necessary definition of cases and associated issues.
- Work with a high degree of autonomy in relation to more routine aspects, liaising effectively with senior colleagues where guidance or escalation is required.
- Partner with the Operations Specialists to support with root cause analysis and develop improved process, protocols, and behaviours to improve outcomes in the future.
- Utilise knowledge of processing of premiums and/or loss transactions and associated cash follow up, plus the application and disbursement of funds due.
- Liaise effectively with Client Service Support and Guy Carpenter client facing colleagues where necessary to ensure a coordinated approach is taken.
- Develop and maintain clear working papers supporting investigative work undertaken and/or methodologies used to support conclusions or proposals to senior management such as utilisation of reserves or application of Guy Carpenter credit write back policy and/or processing of complex accounts.
- Support wider CSS activities where required, including but not limited to quarter review of potential financial exposures, delivery of key performance targets or other significant business objectives.
- Duties to support client base include transactional processing, follow up and securing reinsurance recoveries, collateral and timely and accurate system entry of all assigned client activity.
What you need to have:
- Accounts & Settlement knowledge.
- Track record of successful client account management, relationship management, engagement and development.
- Successful management of workload; able to manage expectations of all clients and stakeholders.
- Data management and analytical skills.
- A strong client focus and good at problem solving to reconcile and unravel payment queries.
What makes you stand out:
- Experience of Insurance or Reinsurance accounting and settlement activities.
- Knowledge of Bureau markets.
- Exposure to working with currencies.
- Having provided guidance by mentoring and/or training colleagues.
Why join our team:
We help you be your best through professional development opportunities, interesting work and supportive leaders. We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities. Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week.
Contact Detail:
Guy Carpenter Recruiting Team
reasonableaccommodations@mmc.com
StudySmarter Expert Advice π€«
We think this is how you could land IBA/Credit Control Analyst (Hybrid working)
β¨Tip Number 1
Familiarise yourself with the key responsibilities of the IBA/Credit Control Analyst role. Understanding the nuances of client account management and payment processing will help you engage in meaningful conversations during interviews.
β¨Tip Number 2
Network with professionals in the insurance and reinsurance sectors. Attend industry events or connect with people on LinkedIn to gain insights and potentially get referrals that could boost your application.
β¨Tip Number 3
Brush up on your analytical skills, especially in data management. Being able to demonstrate your ability to handle complex data and provide actionable insights will set you apart from other candidates.
β¨Tip Number 4
Research Guy Carpenter's culture and values. Tailoring your approach to align with their commitment to diversity and professional development can show that you're a great fit for their team.
We think you need these skills to ace IBA/Credit Control Analyst (Hybrid working)
Some tips for your application π«‘
Tailor Your CV: Make sure your CV highlights relevant experience in accounts and settlement, client management, and any analytical skills. Use keywords from the job description to demonstrate that you meet the requirements.
Craft a Strong Cover Letter: In your cover letter, explain why you're interested in the IBA/Credit Control Analyst role specifically at Guy Carpenter. Mention your background in insurance or reinsurance if applicable, and how your skills can contribute to their team.
Showcase Transferable Skills: If you come from a different sector, clearly outline how your skills are transferable to this role. Focus on problem-solving abilities, data management, and client engagement experiences that align with the job's responsibilities.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for the role of an analyst.
How to prepare for a job interview at Guy Carpenter
β¨Showcase Your Analytical Skills
As an IBA/Credit Control Analyst, you'll need strong data management and analytical skills. Be prepared to discuss specific examples of how you've used these skills in previous roles, particularly in reconciling payment queries or managing client accounts.
β¨Demonstrate Client Management Experience
Highlight your track record in successful client account management. Share stories that illustrate your ability to engage and develop relationships with clients, as this is crucial for the role.
β¨Familiarise Yourself with Reinsurance Concepts
While a background in reinsurance is ideal, it's important to show your understanding of the industry. Brush up on key concepts and terminology related to insurance and reinsurance accounting to impress your interviewers.
β¨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities. Prepare for scenario-based questions where you may need to explain how you would handle specific client issues or payment discrepancies, showcasing your critical thinking and autonomy.