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For Companies At a Glance
- Tasks: Manage insurance accounts, process transactions, and ensure timely collections.
- Company: Dynamic underwriting agency in the heart of London.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Why this job: Join a vibrant team and make a real impact in the insurance market.
- Qualifications: Experience in IBA or Credit Control with strong Excel skills.
- Other info: Perfect for detail-oriented individuals looking to thrive in finance.
The predicted salary is between 36000 - 48000 £ per year.
We’re working with an Underwriting Agency operating in the London Market who are looking for an IBA/ Credit Controller to join their London team. The purpose of the role is to assist the company in all aspects of the financial side.
Location: London
Salary: Circa £40k
Work arrangement: Hybrid
Key Responsibilities:
- Maintain and reconcile Insurance Accounts in accordance with regulatory and client money requirements
- Process premiums, claims, and commission movements accurately and on a timely basis
- Perform daily, weekly, and monthly reconciliations
- Investigate and resolve unreconciled items, discrepancies, and aged balances
- Perform daily, weekly, and monthly IBA reconciliations
- Support month-end close and reporting
- Actively manage aged debtors, ensuring prompt collection of outstanding premiums
- Chase all outstanding balances and ensure system is updated
- Liaise with brokers and coverholders to resolve overdue balances
- Produce regular aged debt reports and commentary for management
Experience Required:
- Proven experience in an IBA and/or Credit Control role within the insurance market
- Strong understanding of insurance accounting and London market processes
- High level of accuracy and attention to detail
- Confident communicator, both written and verbal
- Strong Excel skills comfortable working independently and as part of a small team
Contact Expert: Sophie Zamchick on 07441 934 168
Email: admin@lawesgroup.co.uk
IBA Credit Controller employer: Trades Workforce Solutions
Contact Detail:
Trades Workforce Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA Credit Controller
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in IBA or 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 insurance accounting and London market processes. We want you to be able to confidently discuss your experience and how it aligns with the role. Practice common interview questions and have your own ready!
✨Tip Number 3
Showcase your Excel skills! If you’ve got any cool tricks or projects you've worked on, be ready to share them. We know that strong Excel skills are key for this role, so let’s make sure you stand out.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace IBA Credit Controller
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in IBA and Credit Control, especially within the insurance market. We want to see how your skills match up with what we're looking for, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role and how your background aligns with our needs. Keep it concise but engaging – we love a good story that connects your experience to the job!
Show Off Your Attention to Detail: In this role, accuracy is key. When you submit your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure their application is polished and professional – it shows you care!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to keep track of your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about us and what we do!
How to prepare for a job interview at Trades Workforce Solutions
✨Know Your Numbers
Make sure you brush up on your insurance accounting knowledge. Understand the key metrics and processes in the London market, as this will show your potential employer that you're not just familiar with the role but also passionate about it.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, like resolving discrepancies or managing aged debtors. Think of examples from your past experience where you've successfully navigated similar challenges, and be ready to share those stories.
✨Showcase Your Excel Skills
Since strong Excel skills are a must for this role, be prepared to discuss how you've used Excel in previous positions. If possible, bring along examples of reports or analyses you've created to demonstrate your proficiency.
✨Communicate Clearly
As a confident communicator, practice articulating your thoughts clearly and concisely. This is especially important when discussing complex financial topics, so consider doing mock interviews with a friend to refine your delivery.
