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- Tasks: Support credit control tasks and liaise with various teams to manage payments.
- Company: Join a leading insurance underwriter known for its strong market reputation.
- Benefits: Enjoy a competitive salary and opportunities for professional growth.
- Why this job: Be part of a dynamic team focused on process improvement and automation.
- Qualifications: No prior experience required; just a willingness to learn and grow.
- Other info: This is a permanent role based in London with training opportunities.
The predicted salary is between 26000 - 29000 £ per year.
This leading insurance underwriter has an excellent market reputation and is continuing to expand. They are now looking for a new member of staff to assist in providing a robust and scalable Credit Control service, expediting cash allocation and debt collection whilst liaising with brokers, underwriters, treasury, international offices, and outsourced service providers.
As a growing company and a relatively new team, there are opportunities to be involved in various operational initiatives including process improvement, data quality, and automation projects.
Main Duties- Under the guidance of the Credit Control Manager, administer credit control tasks.
- Liaise with brokers, underwriters, treasury, international offices, 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.
- Attend training sessions and other meetings, as and when required.
- Assist with and undertake tasks as defined by the Credit Control Manager.
Date: 13 Nov 2023
Sector: FINANCE / ACCOUNTING
Type: Permanent
Location: London
Salary: £26,000 - £29,000 per annum
Insurance Credit Control employer: Taylor James Resourcing
Contact Detail:
Taylor James Resourcing Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Credit Control
✨Tip Number 1
Familiarise yourself with the insurance industry, particularly the roles of brokers and underwriters. Understanding their functions will help you communicate effectively during interviews and demonstrate your enthusiasm for the role.
✨Tip Number 2
Network with professionals in the insurance sector, especially those involved in credit control. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Brush up on your data analysis skills, as the role involves process improvement and data quality initiatives. Being able to showcase your analytical abilities can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your problem-solving skills and how you've contributed to process improvements in previous roles. This will show your potential employer that you're proactive and ready to contribute to their operational initiatives.
We think you need these skills to ace Insurance Credit Control
Some tips for your application 🫡
Understand the Role: Read the job description carefully to understand the key responsibilities and skills required for the Trainee Underwriting Assistant position. Tailor your application to highlight how your experiences align with these requirements.
Craft a Strong CV: Ensure your CV is up-to-date and clearly outlines your relevant experience, education, and skills. Focus on any finance or accounting experience, as well as any roles that involved customer service or communication with stakeholders.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific aspects of the job that excite you, such as the opportunity to be involved in process improvement and automation projects.
Proofread Your Application: Before submitting, thoroughly proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial in a credit control role.
How to prepare for a job interview at Taylor James Resourcing
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Trainee Underwriting Assistant. Familiarise yourself with credit control tasks, liaising with brokers and underwriters, and the importance of cash allocation.
✨Show Your Initiative
Since this is a growing company with opportunities for process improvement, be prepared to discuss any ideas you have for enhancing efficiency or automating tasks. This shows your proactive attitude and willingness to contribute.
✨Prepare for Technical Questions
Brush up on your knowledge of finance and accounting principles, especially those related to credit control and debt collection. Be ready to answer questions that test your understanding of these concepts.
✨Demonstrate Teamwork Skills
Highlight your ability to work collaboratively with various stakeholders, such as brokers and treasury teams. Share examples from past experiences where you successfully worked in a team to achieve common goals.
