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, dynamic work environment, and opportunities for professional growth.
- Other info: Proactive problem-solvers will thrive in this role with excellent career advancement potential.
- Why this job: Be a key player in financial stability and build strong industry relationships.
- Qualifications: Experience in accounting within Reinsurance or Insurance sectors, advanced Excel skills.
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.
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.
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.
Essential Skills & Experience:- 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 - HFG in London employer: HFG
As a leading global specialist insurer and reinsurer, our company offers an exceptional work environment in London, where collaboration and innovation thrive. We prioritise employee growth through continuous training and development opportunities, while fostering a supportive culture that values strong relationships and teamwork. Join us to be part of a dynamic team that not only drives financial stability but also champions your professional journey in the heart of one of the world's most vibrant financial hubs.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Control Specialist - HFG in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and reinsurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your skills as a Credit Control Specialist. We want you to shine, so practice common interview questions and have examples ready that showcase your experience in managing cash flow and debt recovery.
✨Tip Number 3
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. We believe this small gesture can make a big difference in landing that role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we often have exclusive roles listed there that you won’t find anywhere else. Let’s get you that Credit Control Specialist position!
We think you need these skills to ace Credit Control Specialist - HFG in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Credit Control Specialist role. Highlight your relevant experience in accounting, especially within the Reinsurance or Insurance sectors. We want to see how your skills match 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 our team. Mention specific experiences that relate to managing cash flow and debt recovery, and show us your enthusiasm for the role.
Showcase Your Skills:Don’t forget to highlight your advanced Excel skills and any familiarity with XIS/Syndicate processes. We love candidates who can process and analyse complex data sets efficiently, so make sure to mention these abilities in your application.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at HFG
✨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 specific about the metrics you tracked and how you improved them.
✨Build Relationships
This role requires strong relationships with Underwriters, Claims teams, and Brokers. Prepare examples of how you've successfully collaborated with different stakeholders in the past. Highlight your communication skills and how they helped resolve complex queries.
✨Showcase Your Problem-Solving Skills
Be ready to discuss instances where you've identified and resolved payment discrepancies or bad debt potential. Use the STAR method (Situation, Task, Action, Result) to structure your answers and demonstrate your proactive approach to problem-solving.
✨Familiarise Yourself with Regulations
Understanding regulatory compliance is crucial for this position. Brush up on Solvency II and any other relevant regulations. Be prepared to discuss how you've ensured compliance in your previous roles and how you stay updated on industry standards.
