At a Glance
- Tasks: Monitor debts, process claims, and ensure timely settlements in a dynamic insurance environment.
- Company: Global Financial Markets Trading Company with a focus on innovation and client relationships.
- Benefits: Competitive salary, bonus opportunities, and a chance to grow in the finance sector.
- Why this job: Join a leading company and make an impact in the insurance credit control field.
- Qualifications: Degree in Accounting; experience in reinsurance is a plus.
- Other info: Permanent position in London with excellent career development prospects.
The predicted salary is between 35000 - 41000 £ per year.
Our client, a Global Financial Markets Trading Company, is seeking a Senior Credit Controller (Reinsurance Accounting Technician) to join their Insurance Credit Control / Technical Accounts team.
Job Details:
- Position: Senior Credit Controller – Reinsurance Accounting Technician
- Sector: INSURANCE
- Type: Permanent
- Location: London
- Salary: £35,000 – £41,000 per annum + bonus
- Reference: BT478
Key Responsibilities:
- Monitoring and chasing all debt to ensure prompt settlement of premium by telephone, email and maintaining internal and external SLAs.
- Processing claims and premium information into the company software.
- Preparing, validating and rendering inwards and outwards settlements, ensuring they adhere to contractual responsibilities and individual technical accounts.
- Maintaining client feedback onto the relevant systems in a timely and efficient manner, and escalating any required actions to account handlers.
- Producing month-end management reporting and ensuring the feedback received is comprehensive and accurate.
- Participating in internal and external meetings, including meetings with underwriters, developing client/MGA relationships, and assisting with due diligence assessments of potential coverholder’s credit control activities.
- Reviewing transactional records to identify data quality issues and resolving them with the parties providing the data.
- Reviewing bank accounts, bank cheques and allocating cash on a daily basis.
- Identifying and resolving issues where possible, escalating risks, and highlighting any settlement/MGA client issues to appropriate personnel.
- Interrogating inwards submissions and clients’ data to resolve problems and answer queries.
Qualifications:
We are looking for a graduate with a Degree in Accounting. Reinsurance and/or Lloyds market experience would be beneficial, with a minimum of a working understanding of reinsurance settlements.
How to Apply:
Please send your application to brian@taylorjamesresourcing.com with the subject line "Senior Credit Controller – BT478". Note: This position is currently open; no indication of closure.
Insurance Credit Control / Technical Accounts. 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 / Technical Accounts.
✨Tip Number 1
Network like a pro! Reach out to people in the insurance and finance sectors on LinkedIn. A friendly message can go a long way, and you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by practising common questions related to credit control and reinsurance. We recommend role-playing with a friend or using online resources to get comfortable discussing your experience and skills.
✨Tip Number 3
Showcase your expertise! Bring along examples of your work or case studies that highlight your achievements in credit control. This will help you stand out and demonstrate your value to potential employers.
✨Tip Number 4
Don’t forget to apply through our website! It’s a great way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Insurance Credit Control / Technical Accounts.
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Credit Controller role. Highlight your experience in reinsurance and any relevant skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the insurance sector and how your background makes you the perfect fit for this position. Let us know what excites you about working with us!
Showcase Relevant Experience: When detailing your work history, focus on experiences that relate directly to credit control and technical accounts. We love seeing specific examples of how you've handled debt management or client relationships in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications better and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Taylor James Resourcing
✨Know Your Numbers
Brush up on your accounting knowledge, especially around reinsurance settlements. Be prepared to discuss specific figures and examples from your past experience that demonstrate your ability to manage debt and settlements effectively.
✨Master the Software
Familiarise yourself with common software used in credit control and insurance accounting. If you know what systems the company uses, mention your experience with similar tools during the interview to show you're ready to hit the ground running.
✨Prepare for Scenario Questions
Expect questions about how you would handle specific situations, like resolving data quality issues or managing client relationships. Think of examples from your previous roles where you successfully navigated similar challenges.
✨Show Your Communication Skills
Since the role involves liaising with clients and internal teams, be ready to demonstrate your communication skills. Practice explaining complex concepts clearly and concisely, as this will be crucial in your day-to-day responsibilities.