At a Glance
- Tasks: Manage client accounts, handle payments, and support reinsurance processes.
- Company: Join Marsh McLennan, a global leader in risk management and innovative solutions.
- Benefits: Enjoy hybrid working, professional development, and a vibrant, inclusive culture.
- Why this job: Gain valuable experience in a progressive role with a supportive team and impactful work.
- Qualifications: Knowledge of accounts, client management, and strong analytical skills required.
- Other info: Flexible work environment with opportunities for mentorship and career growth.
The predicted salary is between 36000 - 60000 £ per year.
Our Client Support Services department have an opportunity for a 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.
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 that\’s 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. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@mmc.com.
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. Office-based teams will identify at least one \”anchor day\” per week on which their full team will be together in person. #J-18808-Ljbffr
IBA/Credit Control Analyst (Hybrid working) employer: IIBA (International Institute of Business Analysis)
Contact Detail:
IIBA (International Institute of Business Analysis) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA/Credit Control Analyst (Hybrid working)
✨Tip Number 1
Familiarise yourself with the specific processes and terminologies used in IBA and credit control. Understanding the nuances of insurance and reinsurance accounting will give you an edge during interviews.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors, especially those who work in credit control. Engaging with industry experts can provide insights and potentially lead to referrals.
✨Tip Number 3
Demonstrate your analytical skills by preparing examples of how you've successfully managed client accounts or resolved payment queries in the past. Be ready to discuss these experiences in detail.
✨Tip Number 4
Showcase your ability to work autonomously and manage workloads effectively. Prepare to discuss how you've balanced multiple tasks while maintaining high standards of client service.
We think you need these skills to ace IBA/Credit Control Analyst (Hybrid working)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in accounts and settlement, client account management, and any specific knowledge of insurance or reinsurance accounting. Use keywords from the job description to align your skills with what the company is looking for.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background in data management and analytical skills can contribute to the Fiduciary Team. Be sure to include examples of how you've successfully managed client relationships in the past.
Showcase Problem-Solving Skills: Highlight instances where you've resolved payment queries or improved processes in previous roles. This will demonstrate your strong client focus and problem-solving abilities, which are crucial for the IBA/Credit Control Analyst position.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are essential traits for this role.
How to prepare for a job interview at IIBA (International Institute of Business Analysis)
✨Showcase Your Client Management Skills
Highlight your experience in managing client accounts and relationships. Be prepared to discuss specific examples where you've successfully resolved payment queries or improved client satisfaction.
✨Demonstrate Analytical Abilities
Since the role requires strong data management and analytical skills, be ready to explain how you've used these skills in previous roles. Consider discussing any tools or methodologies you’ve employed to analyse financial data.
✨Understand the Insurance/Reinsurance Landscape
Familiarise yourself with insurance and reinsurance accounting practices, especially if you have experience in Bureau markets. This knowledge will help you stand out as a candidate who understands the industry's nuances.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities. Prepare to discuss how you would handle specific scenarios related to payment processing or client disputes, showcasing your ability to think critically and act autonomously.