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Insurance Credit Controller
Ref. JO0000007603

Position Insurance Credit Controller
Sector Insurance Accounts
Location City of London, City
Type Permanent
Salary £45K - £55K / Annum
Reference JO0000007603
Summary CREDIT CONTROLLER to c£50,000

Leading Insurance Company based in the City of London is seeking an experienced Credit Controller is to perform the central functions of processing and allocating cash in the underwriting ledger and financial ledger (SUN); building relationships with brokers and fronting partners to accelerate the collections of premium cash; intercompany reconciliations and subsequent cash transfers. The job holder would have a good understanding of complex risks and accurate articulation of those risks from Contract to System.

Duties and responsibilities



Responsible for the control, development and improvement of current processes

Identification and articulation of cash receipts.

Ensure overall reconciliation of over 200 Broker Accounts across 5 legal entities

Raise, book and allocate Technical Payments and Receipts into the Underwriting System (OMEGA)

Enter Journals into the General Ledger (SAP) for Technical Payments and Receipts

Reconciliation remediation work for historic transactions to clear ledgers

Monitoring and Analysis of Aged Debt

Monitoring and Clearing of Unmatched Cash

Ensure Reconciliation of Control Accounts on a monthly basis

Provide ad-hoc and monthly reporting information as necessary

Entry of all Technical Cash including intercompany transactions into OMEGA and SAP

Authorisation of only agreed, processed items

Contribute to the overall result of the company by overseeing collection of all debts

Required experience & competencies



Experience:

Credit Control experience

5 + years Previous experience working in the Insurance / Reinsurance Industry



Digital Competencies:

Proficient in the use Excel, Word and Outlook

Knowledge of SAP accounting package an advantage

Knowledge of Xchanging systems and processes



Ref 7603

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