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 and 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 in City of London employer: High Finance Limited
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 learning opportunities and foster a supportive culture that values strong relationships across teams. Join us to be part of a dynamic organisation that not only ensures financial stability but also empowers you to make a meaningful impact in the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Control Specialist in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and insurance sectors, especially those who work with credit control. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of the London Market and Reinsurance sectors. Be ready to discuss how your experience aligns with managing cash flow and debt recovery – it’s all about showing you’re the perfect fit!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.
✨Tip Number 4
Apply through our website for the best chance at landing that Credit Control Specialist role. We love seeing applications directly from candidates who are keen to join our team and make an impact!
We think you need these skills to ace Credit Control Specialist in City of 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, and showcase your advanced Excel skills. We want to see how you can bring value to our team!
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 experience with cash flow management and stakeholder relationships, and don’t forget to show your enthusiasm for joining our high-performing Operations team.
Showcase Your Communication Skills:Since exceptional communication is key for this role, make sure your written application reflects that. Use clear and concise language, and demonstrate your ability to influence stakeholders through your examples. We love seeing candidates who can articulate their thoughts well!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us that you’re proactive and keen to join our team at StudySmarter!
How to prepare for a job interview at High Finance Limited
✨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 they impacted the business.
✨Showcase Your Stakeholder Skills
This role requires strong relationships with Underwriters, Claims teams, and Brokers. Prepare examples of how you've built and maintained these relationships in the past. Think about times when your communication skills helped resolve complex queries or influenced decisions.
✨Be Ready for Technical Questions
Expect questions about advanced Excel skills and data analysis. Brush up on your ability to process complex data sets and be prepared to discuss any tools or software you've used. If you're familiar with XIS or Syndicate processes, make sure to highlight that experience.
✨Demonstrate Problem-Solving Abilities
The ideal candidate is a proactive problem-solver. Prepare to discuss specific instances where you've conducted root-cause analysis on payment discrepancies or streamlined operational workflows. Highlight your analytical skills and how they contributed to continuous improvement.
