At a Glance
- Tasks: Manage cash flow and debt recovery for UK and European portfolios.
- Company: Leading global specialist insurer and reinsurer with a high-performing team.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Opportunity to work with advanced data analysis and improve operational workflows.
- Why this job: Be a key player in financial stability and stakeholder relationships.
- Qualifications: Experience in accounting, particularly in Reinsurance or Insurance sectors.
The predicted salary is between 45000 - 55000 € per year.
Our client, a leading global specialist insurer and reinsurer, is seeking an experienced Credit Control Specialist to join their high-performing Operations team in London. This is a pivotal role within the Business Support function, responsible for managing cash flow and debt recovery across UK and European portfolios. You will be instrumental in maintaining financial stability by leveraging relationships, optimizing data quality, and ensuring regulatory compliance.
The Opportunity
In this role, you will act as a key link between Finance, Underwriting, and external Broker partners. You will handle a diverse portfolio, ensuring that aged debt is minimized and premium income collection is maximized. This position offers a blend of hands‐on technical accounting, strategic reporting, and stakeholder management.
Key Responsibilities
- Oversee the credit control and cash allocation lifecycle, collaborating with local and offshore teams to reduce outstanding debt.
- Produce accurate monthly and quarterly aged debtor reports and overdue premium analysis for Senior Management and Finance.
- Build and maintain strong relationships with Underwriters, Claims teams, and Brokers to resolve complex queries and investigate bad debt potential.
- Conduct root‐cause analysis on payment discrepancies and support internal initiatives to automate and streamline operational workflows.
- Ensure all activities adhere to internal conduct risks and international regulatory standards, including Solvency II.
- Manage unallocated cash, investigate misallocated funds, and oversee the reconciliation of broker statements.
Your Profile
- The ideal candidate will be a proactive problem‐solver with a meticulous eye for detail and a strong background in the London Market or Reinsurance sectors.
- Proven accounting experience within Reinsurance or Insurance (knowledge of both London and European markets is highly desirable).
- Advanced Excel skills and the ability to process and analyze complex data sets efficiently.
- Exceptional verbal and written communication skills, with the ability to influence stakeholders at all levels.
- Familiarity with XIS / Syndicate processes is a significant advantage.
- Ability to work independently, manage shifting priorities, and provide guidance to wider team functions.
- Strong ability to perform variance analysis and track KPIs/KRIs to drive continuous improvement.
Credit Control Specialist in London employer: HFG Insurance Recruitment
Join a leading global specialist insurer and reinsurer in London, where you will thrive in a dynamic work culture that values collaboration and innovation. As a Credit Control Specialist, you will benefit from a supportive environment that encourages professional growth and offers opportunities to enhance your skills while managing diverse portfolios. With a focus on financial stability and regulatory compliance, this role not only provides meaningful work but also the chance to build strong relationships across teams and with external partners.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Control Specialist in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and insurance sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to credit control and cash management. Tailor your answers to show how your experience aligns with their needs – this will make you stand out!
✨Tip Number 3
Show off your skills! Bring examples of your past work, like reports or analyses you've done, to demonstrate your expertise in managing debt and cash flow. This will give interviewers a clear picture of what you can bring to the table.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might be perfect for you. Plus, it’s a great way to ensure your application gets seen by the right people.
We think you need these skills to ace Credit Control Specialist in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Credit Control Specialist role. Highlight your experience in managing cash flow and debt recovery, especially within the London Market or Reinsurance sectors. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your proactive problem-solving skills and how you’ve built strong relationships in previous roles. We love seeing your personality come through!
Showcase Your Excel Skills:Since advanced Excel skills are a must-have, don’t forget to mention any relevant experience you have with data analysis and reporting. If you've worked with complex data sets before, let us know how you tackled those challenges!
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 shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at HFG Insurance Recruitment
✨Know Your Numbers
As a Credit Control Specialist, you'll be dealing with financial data daily. Brush up on your accounting principles and be ready to discuss how you've managed cash flow and debt recovery in previous roles. Be prepared to share specific examples of how you’ve minimised aged debt or maximised premium income collection.
✨Build Relationships
This role requires strong collaboration with Underwriters, Claims teams, and Brokers. Think about how you can demonstrate your relationship-building skills during the interview. Have examples ready that showcase how you've resolved complex queries or influenced stakeholders in past positions.
✨Showcase Your Analytical Skills
With advanced Excel skills being crucial, be ready to talk about how you've processed and analysed complex data sets. Consider bringing a sample report or analysis you've done in the past to illustrate your capabilities. Highlight any experience with variance analysis and tracking KPIs/KRIs.
✨Understand Regulatory Standards
Familiarity with Solvency II and other regulatory standards is key for this position. Make sure you can discuss how you've ensured compliance in your previous roles. Research the latest regulations affecting the industry and be prepared to share your insights on how they impact credit control and cash allocation.
