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Insurance Technical Accountant & Credit Controller
Ref. JO0000006868

Position Insurance Technical Accountant & Credit Controller
Sector Broker Support Technical
Location City of London, City
Type Permanent
Salary £40K - £45K / Annum
Reference JO0000006868
Summary Technical Accountant & Credit Controller

Company overview

A fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

About the Role:

A Technical Accountant Credit Controller is required to work within the Credit Control Team, this role's primary responsibility is to ensure that monies are received and settled on a timely basis, in accordance with expected income and contractual terms, minimizing the aged debt position whilst maintaining accurate records and accounts. The successful candidate would be expected to achieve individual and team targets, and fully contribute to the overall success of the department and organisation.

Key Duties and Responsibilities:

·Responsibility for your own class portfolios, which includes Open Market and Facilities.

·Following risk creation, take complete responsibility for the "end to end" process of all risks within scope.

·Analyse slips and endorsements to confirm accurate capture of premium, deductions and settlement due dates, liaising with the Underwriting Support Team and Underwriters as required.

·Liaise directly with Clients, Cover Holders, Brokers and overseas offices for business transacted outside of the London Market Bureau.

·Chase for receipt of debt in line with terms of trade, internal targets and best practice. Liaise with the appropriate internal departments, Underwriters and external parties in order to achieve this.

·Maintain a detailed summary of your current work status at risk level utilising Core Systems to do so and create a diary system to actively monitor your portfolio.

·Ensure bureau signings and broker statements (or their equivalent) are received, reviewed where necessary and accurately processed. Liaise with Underwriters, Brokers and Xchanging to efficiently resolve any queries which arise.

·Arrange settlement of monies and allocate cash in accordance with contractual terms, internal targets and quarterly deadlines.

·Provide reports, analysis and commentary which will form part of the Team's quarterly reporting presentation pack to senior management. In addition provide details to support discussion with Underwriters and scheduled management meetings.

·Exhibit a commitment to data quality. Resolve issues as they arise, ensuring any changes are appropriately documented and communicated

Key skills/Knowledge/Experience:

·Possess a sound knowledge of insurance. Experience of working in the London Market is required.

·Have strong credit control experience and a proven record of ensuring that funds are received, reconciled and allocated on a timely basis.

·Be capable of interpreting and analysing contract language in order to collect premium efficiently.

·Have experience of effectively managing and manipulating high volumes of data and the ability to create concise, accurate reporting to supply a pertinent interpretation of the results.

·Will possess strong numerical and analytical skills.

·Have good working knowledge of Excel, and be a competent user of MS Office; experience of using Eclipse would be advantageous and aptitude to learn in-house software is essential.

Ref 6868

MW Appointments is acting as an Employment Agency in relation to this vacancy.
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