Senior Insurancer Credit Controller

MW Appointments Ltd.
01 Dec 2016
04 Dec 2016
Contract Type
Full Time
Job Title Credit ControllerJob Role Oversight of Credit ControlDepartment Operations, BedfordAbout the Role:Provide Credit Control services across the business. Work closely with the Heads of Operations of each division to ensure that IBA and Cashiers provide the best service to each division. Ensure that measures of unallocated cash, unmatched bureau signings, payable creditors and funding achieve the levels necessary to control overdue brokerage and payable credits in accordance with divisional targets.Develop a small sub- team within the department and mentor and develop staff as appropriate.Key Duties ??Develop strong relationships with Divisions, IBA and Cashiers??Regular reporting and updates to divisional Heads of Operations??Primary contact point for IBA and cashiers queries Credit Control Function??Monitoring and Clearance of:- Unmatched bureau signings / delinked premium- Unallocated Cash- Payable Creditors- Funding??Monitoring and Clearance of Overdue Brokerage to divisional targets??Review of weekly SDD reports to ensure divisional overdue brokerage targets maintained and identify key individual payments to ensure payment to insurers within SDD??Regular review (monthly) of legacy and aged items??Regular review of non payable transactions??Regular review of delinking reports to remove items paid as cash??Regular review of contra entries to identify thematic issuesReporting??Regular reporting and feedback to divisional Heads of Operations, using IBA reports where appropriate:- SDD (weekly)- Cash Receipts (weekly)- Unallocated Cash (monthly)- Payable Creditors (monthly)- Funding - (monthly)- Doubtful Brokerage (monthly)??Provide relevant management information to senior management as requiredKey Skills / Experience 1.Competent IT skills, including but not limited to Microsoft Word, Excel and PowerPoint2.Previous experience of working in a Credit Control or similar role within insurance3.Likely to have experience of managing or supervising others4.Understanding of Lloyds and the London market5.Strong technical knowledge, including FCA regulations as they pertain to insurance intermediaries6.Understanding of processes and procedures within the insurance market. Able to audit and check the work of othersMW Appointments is acting as an Employment Agency in relation to this vacancy.

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