Technical Credit Controller

Description:

Technical Credit Controller

London Market Insurer

£Excellent + Bonus

London / Hybrid

The credit control team is a friendly hard working team, within a wider Finance team

Supporting and collaborating with all of the business areas

Purpose of the Role

To support the Financial Controller and the credit control team with technical knowledge, training and in depth team technical tasks.
Develop knowledge and regularly produce accurate team debt reports (weekly and quarterly)
Actively manage the age debt to clear focus of reducing ageing debtDuties & Responsibilities

Develop the synchronization and collaboration with the key significant brokers to facilitate the timely collection of debt
Support the Technical accountants within the team to resolve queries and provide in depth knowledge to ensure best practices are met
To accurately process all cash amounts to the appropriate ledger, having agreed the items with the relevant third party. This includes brokers, co-insurers, reinsurers and other third parties, such as loss adjusters etc.
To correctly allocate all cash against the respective debt entries on the ledgers and to be able to reconcile any balance due to/from the third party to the third party statements.
Develop knowledge to promptly and proactively investigate any settlement or accounts queries on the ledgers, liaising with the underwriters, operations technicians and claims teams as appropriate to resolve the queries.
To issue accurate and timely statements of account to all third parties, as required in order to facilitate prompt settlement of
To process accurate cash entries/journals onto the appropriate ledgers, in order to ensure up-to-date statement of accounts are maintained . This will include various inter-company accounts as well as those of third
To operate best practice credit control procedures in order to ensure Terms of Trade are met.
To proactively participate in topics or other initiatives designed to improve the effectiveness or efficiency of the credit control department.Experience Required

Strong knowledge of insurance and the terminologies used, across all lines of business.
Good interpersonal skills - comfortable with phone & face to face discussions with customers, underwriters, brokers
Experience of working with credit control teams & understanding their requirements
Able to organise own workload effectively to meet service
Deadline focused; able to work under pressure to meet tight deadlines
Competent user of Excel & Word
Systems knowledge, experience of using various company bespoke systems to extract data