At a Glance
- Tasks: Manage credit control, resolve queries, and collaborate with various teams.
- Company: Join Sompo, a global leader in insurance with a focus on collaboration.
- Benefits: Enjoy health benefits, retirement plans, tuition reimbursement, and more.
- Other info: Diverse workplace with opportunities for growth and professional development.
- Why this job: Make a real impact in finance while developing your career in a supportive environment.
- Qualifications: Experience in credit control within the insurance sector and strong Excel skills required.
The predicted salary is between 35000 - 45000 £ per year.
Job Description
Are you looking for your next opportunity?
- Sompo has a unique opportunity for a
- Credit Controller in our
- Finance Operations team in our company market. This position is offered as a
- 12-month Fixed Term Contract
(FTC).
The Credit Control team is a key component of our International Insurance Division and works closely with Lloyds, brokers, cedants, externally as well as the finance, underwriting, underwriting operations, Information Technology and claims teams internally.
Driven for a collaborative resolution to cash and credit control challenges to maintain superior customer service and profitability for the organisation.
Location
This position will be based out of our
London office. We strive for collaboration, which is why we offer a work environment where our employees thrive and develop long lasting careers.
What you’ll be doing
- Pro-active credit control
- Ensure overdue/late accounts are followed up and escalated to management.
- Follow up on action points/escalations from review meetings and update Line manager.
- Analyse and review trends and provide recommendation to reduce the overdue debt in consultation with Line manager.
- Allocate signings to receivables.
- Handle and follow up on any queries from the collections operation including cash allocation.
- Allocate IPT/Taxes and follow up queries with Tax Department.
- File documentation, activity as required.
- Timely investigation and resolution of challenging accounts/cedants is expected.
- Collaborate with Finance department, underwriting department, claims department brokers and clients to resolve any queries or technical issues.
- Ad hoc duties as directed by Line Manager.
What you’ll bring
- Experience in a similar role within the Lloyds Insurance/reinsurance market is essential.
- Experience of credit control in the Insurance sector
- Experience of Aged Debt Reporting and analysis is essential.
- Strong Excel skills at Proficient Level (including macros) are essential for this role.
- Strong grasp of business processes and systems.
- Ability to work on own initiative.
- Ability and confidence to challenge existing procedures and use of system.
- Strong technical skills including credit control skills.
- Good understanding of Bureau systems and procedures.
- Knowledge of London Insurance and Reinsurance products would be an advantage.
- Awareness of Sox Controls is desirable but not essential.
- Associate or member of the Chartered Institute of credit management is desirable but not essential.
Benefits
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits
At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other.
We strive to foster a workplace where everyone feels respected, included, and empowered to excel.
As a global organization, we embrace diversity and champion equal opportunity.
Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide.
Our values come to life in how we hire and grow talent.
Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work.
If you need an accommodation for any part of the application process, please contact the recruiter in charge.
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Credit Controller - 12 Month FTC employer: Sompo International
Sompo is an exceptional employer that prioritises collaboration and employee development within its London office. With a strong focus on health and wellness benefits, retirement plans, and professional growth opportunities, we create a supportive environment where employees can thrive in their careers while contributing to meaningful value for clients and communities. Our commitment to diversity and inclusion ensures that every team member feels respected and empowered to excel.
