At a Glance
- Tasks: Assist in collecting unpaid premiums and liaise with various stakeholders.
- Company: Leading Lloyd’s Underwriters in the insurance sector.
- Benefits: Competitive salary, exposure to the insurance industry, and career development opportunities.
- Why this job: Gain valuable experience in credit control within a dynamic insurance environment.
- Qualifications: Experience in administration and knowledge of the insurance industry preferred.
- Other info: Join a team focused on continuous improvement and achieving key performance indicators.
The predicted salary is between 25000 - 28000 £ per year.
Exposure to the insurance industry would be highly preferred for this varied administration and credit control role with this leading Lloyd’s Underwriters. The main function of the successful candidate will be to assist in the collection of unpaid premium within the Group which will involve liaising with brokers, underwriters, treasury and outsourced service providers who all have a part to play in the successful collection of premium.
Responsibilities:
- Under the guidance of the Credit Control Non Bureau Manager, administer bureau and non-bureau credit control tasks.
- Liaise with brokers, underwriters, treasury and outsourced providers involved in the settlement of bureau and non-bureau premium payments.
- Raise intercompany transfers and outgoing payments.
- Contribute to meeting KPI’s in terms of the reduction of aged debt and unallocated cash within the group.
- Assist in the production of reports to the Operations Committee and Credit Risk Committee.
- Be involved with continuous improvement initiatives to reduce aged debt, unallocated cash and premium queries.
Credit Control Administrator – Insurance employer: Taylor James Resourcing
Contact Detail:
Taylor James Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Control Administrator – Insurance
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working with 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 the insurance sector. Understand how credit control works within it, and be ready to discuss how you can help reduce aged debt and improve cash flow.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that suit your skills and interests, and tailor your approach to each one.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you fresh in their minds. Mention something specific from your conversation to show you were engaged and interested.
We think you need these skills to ace Credit Control Administrator – Insurance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights any relevant experience in credit control or the insurance industry. We want to see how your skills match up with what we're looking for, so don’t be shy about showcasing your achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're interested in the Credit Control Administrator role and how your background makes you a great fit. Keep it concise but engaging – we love a bit of personality!
Showcase Your Communication Skills: Since this role involves liaising with various stakeholders, make sure to highlight your communication skills in your application. We want to know how you handle conversations with brokers and underwriters, so share any relevant examples!
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come through our own channels!
How to prepare for a job interview at Taylor James Resourcing
✨Know Your Stuff
Make sure you brush up on your knowledge of the insurance industry, especially credit control processes. Familiarise yourself with terms like 'aged debt' and 'unallocated cash' so you can speak confidently about them during the interview.
✨Showcase Your Communication Skills
Since this role involves liaising with various stakeholders like brokers and underwriters, be prepared to demonstrate your communication skills. Think of examples where you've successfully navigated complex conversations or resolved issues in a team setting.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations related to credit control. Prepare by thinking through scenarios where you had to manage unpaid debts or improve processes, and be ready to share your thought process and outcomes.
✨Highlight Your Problem-Solving Abilities
This role will require you to contribute to continuous improvement initiatives. Be ready to discuss past experiences where you identified problems and implemented solutions, particularly in financial or administrative contexts.