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- Tasks: Manage credit control, collect payments, and ensure financial stability in a fast-paced environment.
- Company: Join a leading firm in the Lloyd’s and London Market with a focus on collaboration.
- Benefits: Competitive salary, diverse workplace, and opportunities for professional growth.
- Why this job: Make a real impact by ensuring financial efficiency and supporting business growth.
- Qualifications: Experience in credit control, strong attention to detail, and ability to manage multiple priorities.
- Other info: Be part of a diverse team committed to equality and respect.
The predicted salary is between 36000 - 60000 £ per year.
Responsible for the management of the credit control function across the Wholesale business. This includes collection, allocation, and reconciliation of payments, monitoring aged debt, and managing policy cancellations where required. Working closely with Finance, internal teams, and brokers, the role ensures financial stability, supports operational efficiency, and contributes to the overall growth of the Lloyd’s and London Market business. This role is suited to someone experienced in IBA credit control within Lloyd’s or the London Market, who is proactive, detail-oriented, and able to manage multiple priorities in a fast-paced environment.
Key duties
- Produce Broker Statements: Generate and distribute detailed monthly broker statements to provide transparency, accuracy, and clarity to all stakeholders. Ensure that all transactions are correctly recorded and reconciled.
- Manage Aged Debt: Monitor and follow up on overdue payments, working closely with brokers and internal teams to resolve discrepancies, negotiate payment plans if required, and ensure that all outstanding balances are addressed promptly.
- Cancellation of Policies: Identify policies with unpaid premiums and initiate cancellations in accordance with company policies, liaising with relevant teams to minimise risk and ensure compliance.
- Collaboration: Partner with the Finance team, producing brokers, and other internal stakeholders to ensure that financial procedures run smoothly, that any issues are resolved efficiently, and that accurate reporting is maintained.
- Ad hoc Insurance Broking Requests: Support the broader Wholesale business by providing financial insights, assistance with queries, and ad hoc reporting as required by internal teams or broker partners.
- Continuous Improvement: Identify opportunities to streamline credit control processes, improve reporting, and enhance overall efficiency of the financial workflow.
Key requirements
- Proven experience in a credit control or similar finance role, ideally within an IBA or London Market environment.
- Strong understanding of credit control processes, including managing aged debt, settlements, and policy cancellations.
- Knowledge of accounting systems and account reconciliation processes.
We are committed to a diverse workforce and as such recruit from a wide available pool of talent, with the hiring, assessment and selection process being fair, free from bias and one which ensures the right person is selected for the job, based on merit. We treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.
A copy of our D&I policy can be made available upon request.
IBA Credit Controller in London employer: Massenhove Recruitment Limited
Contact Detail:
Massenhove Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA Credit Controller in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and finance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that perfect IBA Credit Controller role!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of credit control processes. Be ready to discuss your experience with managing aged debt and policy cancellations. Show them you’re not just detail-oriented but also proactive in finding solutions!
✨Tip Number 3
Don’t forget to leverage social media! Follow companies you’re interested in and engage with their posts. This can help you get noticed and might even lead to job opportunities. Plus, it’s a great way to stay updated on industry trends.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you land that dream job. Plus, applying directly shows your enthusiasm and commitment to joining our team. Let’s make it happen together!
We think you need these skills to ace IBA Credit Controller in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the IBA Credit Controller role. Highlight your experience in credit control, especially within the Lloyd’s or London Market. 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 this role. Share specific examples of how you've managed aged debt or collaborated with finance teams in the past. Let us know why you’re excited about joining StudySmarter!
Showcase Your Attention to Detail: In a role like this, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to ensure their documents are polished and professional.
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 don’t miss any important updates. Plus, it’s super easy!
How to prepare for a job interview at Massenhove Recruitment Limited
✨Know Your Numbers
As an IBA Credit Controller, you'll be dealing with a lot of financial data. Brush up on your understanding of credit control processes, aged debt management, and reconciliation methods. Be ready to discuss specific examples from your past experience where you successfully managed these aspects.
✨Showcase Your Collaboration Skills
This role requires working closely with various teams, including Finance and brokers. Prepare to share instances where you've effectively collaborated with others to resolve issues or improve processes. Highlight your ability to communicate clearly and work towards common goals.
✨Be Proactive in Problem-Solving
Demonstrate your proactive approach by discussing how you've identified and addressed challenges in previous roles. Whether it's negotiating payment plans or streamlining processes, show that you're not just reactive but also take the initiative to prevent issues before they arise.
✨Understand the Market
Familiarise yourself with the Lloyd’s and London Market landscape. Being knowledgeable about current trends and challenges in the insurance sector will help you stand out. Bring up any relevant insights during the interview to show your genuine interest and understanding of the industry.