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For Companies At a Glance
- Tasks: Manage insurance accounts, process premiums, and resolve discrepancies.
- Company: Dynamic underwriting agency in the heart of London.
- Benefits: Competitive salary, car allowance, and opportunities for professional growth.
- Why this job: Join a vibrant team and make a real impact in the insurance market.
- Qualifications: Experience in IBA or Credit Control within insurance; strong attention to detail.
- Other info: Collaborative environment with potential for career advancement.
The predicted salary is between 40000 - 48000 £ per year.
We’re working with an Underwriting Agency operating in the London Market who are looking for an IBA/ Credit Controller to join their London team. The purpose of the role is to assist the company in all aspects of the financial side.
Responsibilities:
- Maintain and reconcile Insurance Accounts in accordance with regulatory and client money requirements
- Process premiums, claims, and commission movements accurately and on a timely basis
- Perform daily, weekly, and monthly reconciliations
- Investigate and resolve unreconciled items, discrepancies, and aged balances
- Support month-end close and reporting
- Actively manage aged debtors, ensuring prompt collection of outstanding premiums
- Chase all outstanding balances and ensure system is updated
- Liaise with brokers and coverholders to resolve overdue balances
- Produce regular aged debt reports and commentary for management
- Perform daily, weekly, and monthly IBA reconciliations
Experience Required:
- Proven experience in an IBA and/or Credit Control role within the insurance market
- Strong understanding of insurance accounting and London market processes
- High level of accuracy and attention to detail
- Confident communicator, both written and verbal
- Comfortable working independently and as part of a small team
Salary: £50k - 60k per year + Car Allowance
IBA Credit Controller employer: Lawes Insurance Recruitment
Contact Detail:
Lawes Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA Credit Controller
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in IBA or 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 insurance accounting and London market processes. We want you to be able to confidently discuss how you can maintain and reconcile Insurance Accounts like a champ!
✨Tip Number 3
Showcase your attention to detail during interviews. Bring examples of how you've successfully managed aged debtors or resolved discrepancies in the past. This will help us see that you’re the right fit for the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect with us directly.
We think you need these skills to ace IBA Credit Controller
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in IBA and Credit Control, especially within the insurance market. We want to see how your skills match the job description, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role and how your background aligns with the responsibilities listed. We love seeing enthusiasm and a personal touch!
Be Clear and Concise: When filling out your application, keep your language clear and to the point. We appreciate attention to detail, so make sure there are no typos or errors. A polished application reflects your professionalism!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Lawes Insurance Recruitment
✨Know Your Numbers
Brush up on your knowledge of insurance accounting and the London market processes. Be prepared to discuss specific examples from your previous roles where you maintained and reconciled accounts, processed premiums, or resolved discrepancies.
✨Showcase Your Communication Skills
As a Credit Controller, you'll need to liaise with brokers and coverholders. Practice articulating how you've effectively communicated in past roles, especially when chasing outstanding balances or resolving issues. Confidence is key!
✨Demonstrate Attention to Detail
Highlight your ability to manage aged debtors and perform reconciliations accurately. Bring examples of how your attention to detail has helped prevent errors or improved processes in your previous positions.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, like investigating unreconciled items or supporting month-end close. Think through your approach and be ready to explain your thought process clearly.
