At a Glance
- Tasks: Manage premium statements, chase debts, and collaborate with underwriting teams.
- Company: Join a leading UK P&I Club with a focus on teamwork and innovation.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for growth and automation of processes in a fast-paced team.
- Why this job: Make a real impact in finance while developing your skills in a dynamic setting.
- Qualifications: Degree in finance or business preferred; experience in credit control is a plus.
The predicted salary is between 30000 - 40000 £ per year.
- Credit Controller Job Role for UK P&I Club and Defence
- 12 month FTC
- Main Responsibilities
- Producing and rendering premium and contra debt statements for the Clubs respective brokers and members.
- Chasing debts by email and/or telephone and recording progress for tracking purposes until balances received and cleared or if escalation required to the u/w team
- Working closely with the Underwriting Teams to resolve unpaid premiums from the members and to discuss potential No Cs requirements where necessary.
- Investigation of received remittances from Brokers and Members in order to identify relevant correct premiums to be applied with the payment.
- Clearing the cash receipts on the AS400 accounting system
- Manage the daily internal transfers of cash receipts between Eclipse (in run-off) and the AS400
- Liaising with the Underwriters/technicians to resolve issues surrounding outstanding cashes and accounting issues (premium calculations difference, etc.) in order to reduce the Clubs unallocated cash and aged debt positions
- Maintaining the unallocated cash items so there are few or no items over 30 days old
- Make regular payments of return premiums, brokerage, continuity credits, or any credit refunds required.
- Set up new payee bank details with AS400 for outbound settlements
- Verbally verifying those bank details where required
- Identifying, querying and clearing potential offsets to keep the accounts clear
- Dealing with both Internal/External queries in a timely manner.
- Managing the daily cash receipts within the team on a weekly rotation, ensuring the information is added to the cash tracker efficiently and accurately.
- Assisting the team members for coverage of tasks during holidays and other absences
- Providing regular updates to the Operations Manager surrounding the designated portfolio of accounts being managed.
- Review of processes and procedures to see what tasks could possible automated for more efficiency and streamlining
- Ad hoc tasks delegated by the Operation Manager support the teams progress.
- Completing assigned training course for their continual personal and business development and growth.
Person Specification
Qualifications and Experience
- A degree in finance, business administration, or a related field is preferred.
- Previous experience in claims processing, credit control, or a similar role is advantageous.
- Familiarity with financial systems and software, such as Eclipse and AS400, is desirable.
Skills and Competencies
- Strong analytical skills with attention to detail and accuracy.
- Excellent communication skills, both written and verbal, for effective interaction with internal and external stakeholders.
- Proficiency in Microsoft Office Suite, particularly Excel, for financial reporting and data analysis.
- Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
- Problem-solving skills to address and resolve issues promptly.
- Personal Attributes
- Highly organized and able to maintain meticulous records.
- Proactive and self-motivated with a willingness to learn and develop.
- Team player with a collaborative approach to work.
- Professional and courteous demeanor, with a strong sense of integrity and confidentiality.
- #J-18808-Ljbffr
Credit Controller in London employer: UK P&I Club
UK P&I Club is an exceptional employer located in the heart of London, offering a dynamic work culture that fosters collaboration and innovation within the Data & Analytics team. Employees benefit from comprehensive professional development opportunities, including mentorship roles for junior colleagues, and enjoy a supportive environment that values their contributions to impactful insurance analytics. With a commitment to employee well-being and a focus on meaningful work, UK P&I Club stands out as a rewarding place to advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Controller in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like UK P&I Club.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like UK P&I Club might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Credit Controller in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at UK P&I Club will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at UK P&I Club. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give UK P&I Club confidence in your short-term commitment to the role.
How to prepare for a job interview at UK P&I Club
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with UK P&I Club.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure UK P&I Club that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
