At a Glance
- Tasks: Chase and monitor overdue premiums while building relationships with stakeholders.
- Company: Join Starr, a global leader in commercial insurance with over a century of expertise.
- Benefits: First-class training, inclusive culture, and opportunities for career growth.
- Other info: Dynamic environment with opportunities to develop analytical skills and work with cutting-edge systems.
- Why this job: Make an impact in a rapidly growing company that values innovation and employee development.
- Qualifications: Intermediate Excel skills and experience in London Market credit control.
The predicted salary is between 27900 - 34100 £ per year.
Join Starr, a global leader in commercial insurance with over a century of expertise.
We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide.
At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex.
Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.
Role Purpose
The primary focus of a credit controller at Starr is to chase, monitor and report on overdue premium owed to Starr whilst liaising with the underwriting teams to ensure maximum efforts are taken to receive settlement.
You will make use of internal and external systems to ensure terms are met by Brokers, to reduce aged debt and maximise cashflow, by adhering to Company procedures.
Weekly reports will be prepared for senior management, and relationships built with internal and external stakeholders.
Key Responsibilities
- Chase, monitor and report upon overdue premiums to the Head of Credit Control.
- Make use of X-changing systems and reporting to ensure Brokers are continuing to settle to the business in accordance with the rest of the Lloyds Market.
- Monitor Aged Debt and react to changes and trends both internally and externally.
- Build and retain relationships with external and internal stakeholders.
- Assist with and investigate any directly received cash in the bank accounts to establish allocation to policies.
- Investigate initial booking of outstanding premium ensuring correct terms and settlement data is entered, to ensure accurate reporting and chasing for settlement.
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies.
This description may be varied from time to time to reflect changing business requirements.
Essential
- Intermediate Excel capability (v-lookups, pivot tables, ability to interpret large data sets).
- London Market credit control experience.
- Analytical and problem solving skills.
- Well organised, with the ability to work well in a team as well as individually.
Desirable
- Opportunity to develop skills in Excel capability.
- Familiarity with Power BI to analyse and present meaningful data trends.
- X-changing systems experience (Tracker, Account enquiry and IMR).
Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic.
We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees.
We offer first class training and development opportunities to all employees.
Our aim is to grow our own talent and bring out the best in people.
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Credit Controller - 12M FTC employer: Starr
Starr is an excellent employer that prioritises employee growth and development, offering a supportive work culture where learning is at the forefront. With a hybrid working model, employees enjoy the flexibility of working from home while also benefiting from in-person collaboration three days a week. The company fosters a positive environment for professional advancement, making it an ideal place for those looking to make a meaningful impact in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Controller - 12M FTC
✨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 Starr. 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 - 12M FTC
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 Starr.
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 Starr'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 Starr
✨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 Starr.
✨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 Starr 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 Starr 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.
