At a Glance
- Tasks: Manage debt recovery and resolve complex queries in the Lloyd's Market.
- Company: Join a leading firm in the insurance sector with a focus on innovation.
- Benefits: Enjoy a hybrid work model, competitive salary, and career development opportunities.
- Other info: Dynamic role with opportunities for growth in a supportive environment.
- Why this job: Be a key player in financial operations and make a real impact.
- Qualifications: Experience in Syndicate Credit Control and strong analytical skills required.
The predicted salary is between 40000 - 50000 € per year.
Role Type: Permanent
Hybrid: 3 days a week, 2 days working from home
Are you a Credit Controller with a deep understanding of the Lloyd's Market? As an integral part of the Credit Control function, you will take ownership of the end-to-end settlement process. You will be responsible for resolving complex technical queries, ensuring liquidity through diligent debt recovery, and bridging the gap between underwriting and finance for startup business units.
Key Responsibilities
- Proactive Debt Recovery: Manage the production and distribution of monthly Aged Debt Reports for multiple syndicates, directly chasing premiums to ensure healthy cash flow.
- Act as the primary finance contact for internal underwriting divisions, providing data-driven updates and managing stakeholder relationships with a service-oriented mindset.
- Investigate 'Written vs. Signed' discrepancies and manage the full lifecycle of premiums, instalments, and adjustment premiums (AP/RP).
- Utilize Lloyd's market tools, specifically IMR and Account Inquiry, to trace slips, endorsements, and payment histories.
- Resolve complex broker queries with a 'right-first-time' approach, ensuring all communication is concise, clear, and backed by accurate data.
Experience Required
- Proven experience in a Syndicate Credit Control function is essential.
- Technical Literacy: A must-have ability to read and interpret insurance slips and endorsements, including complex premium calculations and terms of trade.
- System Savvy: Hands-on experience with IMR (Information Management Repository) and Account Inquiry is a mandatory requirement.
- Analytical Rigor: A proven ability to manage high-volume data and reconcile written vs. paid positions across various classes of business.
Credit Controller - HFG in London employer: HFG
As a leading player in the Lloyd's Market, our company offers an exceptional work environment for Credit Controllers, combining a hybrid work model with a strong emphasis on professional development. We foster a collaborative culture where employees are encouraged to take ownership of their roles, ensuring meaningful contributions to the business while enjoying the flexibility of working from home. With access to cutting-edge tools and a commitment to employee growth, we provide a unique opportunity for those looking to advance their careers in a dynamic and supportive setting.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Controller - HFG in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the Lloyd's Market and let them know you're on the lookout for a Credit Controller role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the end-to-end settlement process. Be ready to discuss how you've tackled complex queries in the past, as this will show potential employers that you’re the right fit for their team.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and tailor your approach to each one, highlighting your experience with IMR and Account Inquiry.
✨Tip Number 4
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 remind them why you’re the perfect candidate for the Credit Controller position.
We think you need these skills to ace Credit Controller - HFG in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Credit Controller. Highlight your experience in the Lloyd's Market and any relevant skills that match the job description. We want to see how you can bring value to our team!
Showcase Your Technical Skills:Since technical literacy is key, don’t shy away from detailing your experience with IMR and Account Inquiry. We love seeing candidates who can confidently navigate these tools, so make it clear how you've used them in past roles.
Be Clear and Concise:When writing your cover letter, keep it straightforward and to the point. We appreciate clarity, especially when it comes to resolving complex queries. Show us your communication skills right from the start!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at HFG
✨Know Your Numbers
As a Credit Controller, you'll need to demonstrate your analytical skills. Brush up on your understanding of premium calculations and be ready to discuss how you've managed high-volume data in the past. Prepare examples that showcase your ability to reconcile discrepancies effectively.
✨Familiarise with Lloyd's Market Tools
Make sure you're well-versed in using IMR and Account Inquiry. Before the interview, take some time to review how these tools work and think about specific instances where you've used them to resolve queries or manage debt recovery. This will show your technical literacy and hands-on experience.
✨Prepare for Stakeholder Management Questions
Since you'll be acting as the primary finance contact for underwriting divisions, be prepared to discuss how you’ve built and maintained relationships with stakeholders. Think of examples where your service-oriented mindset made a difference in communication or problem-solving.
✨Practice Clear Communication
In this role, concise and clear communication is key, especially when resolving complex broker queries. Practice explaining complex concepts in simple terms. You might even want to role-play potential scenarios with a friend to ensure you can articulate your thoughts clearly during the interview.
