At a Glance
- Tasks: Manage credit control activities and ensure timely collection of payments.
- Company: Dynamic insurance company with a focus on inclusivity and collaboration.
- Benefits: Competitive salary, performance bonuses, flexible holidays, and private medical cover.
- Other info: Opportunity to work in a hybrid environment with excellent career growth potential.
- Why this job: Join a team that values diversity and drives continuous improvement in financial operations.
- Qualifications: Strong analytical skills and knowledge of credit risk assessment.
The predicted salary is between 27900 - 34100 £ per year.
The Credit Controller plays a key role in overseeing and supporting the day-to-day credit control function within Business Operations, ensuring the effective collection of premiums, payment of claims and delivery of accurate and timely reporting.
The role is responsible for proactively managing debt and credit risk, analysing account and portfolio trends, and driving actions to improve outcomes and service quality. The role holder will also take an active role in identifying operational efficiencies and process improvements, working with colleagues and contributing to projects and initiatives that support continuous improvement across the function.
This role sits within our Local Specialty Insurer business (MSIGEU) which provides services to commercial and SME clients across the globe.
What You’ll Spend Your Time Doing
- Oversight and execution of daily credit control activities and relevant ledger maintenance
- Communication and cooperation with clients, brokers, policy admin and other internal and external stakeholders
- Preparing and sending broker statements, reminders, other communications
- Matching of cash receipts
- Monitor items under review and report on progress
- Quality checks to ensure accurate data is produced
- Maintaining the financial controls in the area of credit control
- Preparation, timeliness and accuracy of closing activities and reporting including explanatory commentary and advise where appropriate
- Maintaining and carrying out the activities according to agreed and documented procedures (including updating outdated procedures)
- Cooperation with IT, business and other finance colleagues to improve service
You’re Going To Enjoy This Job If You…
- Demonstrate a high degree of attention to detail and accuracy
- Are a strong problem solver and critical thinker, with a focus on continuous improvement
- Have excellent communication and collaboration skills to bridge gaps between technical and non-technical stakeholders, and ability to leverage collective efforts
- Are highly adaptable and thrive in dynamic environments to meet evolving business needs effectively and promptly
What We Need From You
- Strong business and financial acumen, and knowledge of the Lloyd’s and London market
- Familiarity with credit risk assessment methodologies, risk indicators, and risk evaluation techniques
- Strong analytical capabilities to evaluate financial statements, credit reports and risk evaluation techniques
- Ability to interpret and draw meaningful insights from complex financial and credit-related data
- Ability to effectively influence and negotiate.
We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!
What Can You Expect From Us?
- Competitive Base Salary
- Performance Related Discretionary Bonus
- Holiday: 28 days core annual leave, and you can buy up to 5 days
- Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
- Private Medical: cover for yourself. Family members/dependants can be added
- Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits
- Life Assurance: 5x annualised base salary
- Bank Holidays: To support the diverse backgrounds and beliefs of our team, we offer employees the flexibility to exchange bank holidays for alternative dates that better reflect their personal, cultural, or religious preferences.
Each one of us is unique because of our backgrounds, what we have learned so far and how we express that. Establishing an inclusive attitude helps us, organisationally, to ‘think outside the box’ because it calls on that diverse range of ideas, perspectives and lived experiences. We commit to continuing our work towards a more diverse and inclusive future by recognising that our business, our teams and every colleague has a part to play in driving the positive change we all want to see.
Our values demonstrate our commitment to providing an environment in which each and every colleague is respected for who they are and what they can contribute to the business, regardless of nationality, race, ethnicity, religion/faith, sexual orientation, gender identity, gender expression, disability, socio-economic background, sex or age.
Credit Controller in London employer: Mitsui Sumitomo Insurance
At MSIG Specialty Marine, we pride ourselves on being an excellent employer that fosters a supportive and collaborative work environment in the heart of London. Our flexible and hybrid working options, coupled with a strong focus on employee wellbeing and continuous learning, ensure that our team members can thrive both personally and professionally. Join us to make a meaningful impact in the insurance industry while enjoying opportunities for career development and a culture that values diversity and innovation.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Controller in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Mitsui Sumitomo Insurance. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Credit Controller in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Mitsui Sumitomo Insurance.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Mitsui Sumitomo Insurance's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Mitsui Sumitomo Insurance
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Mitsui Sumitomo Insurance.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Mitsui Sumitomo Insurance will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Mitsui Sumitomo Insurance employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
