Credit Controller (6 month FTC)

Location London
Discipline: Finance & Strategy
Job type: Contract
Contact email: george@weareedenbrook.com
Job ref: J4490
Published: about 1 month ago
New opportunity with a leading MGA, who are currently seeking a Credit Controller to manage credit control activities, with a strong emphasis on Data reconciliation particularly using MS Excel, and a key focus on bank account reconciliation. The ideal candidate will have a strong background in credit control, insurance industry experience, and a track record of successful ledger reconciliation. This role will be responsible for ensuring the efficient management of our insurance accounts receivable while maintaining strong relationships with clients/brokers and internal stakeholders. Key Responsibilities & Accountabilities: • Bank Reconciliation • Investigate and resolve discrepancies in allocation of bank transactions. • Identification and allocation of funds to Insurance policies to minimise unallocated cash balance • Complete reconciliation for intercompany transfers. • Utilise advance excel skills for efficient data and bank reconciliations. • Insurance Ledger Reconciliation • Lead the reconciliation of insurance accounts, ensuring accuracy and completeness. • Identify and investigate discrepancies in the insurance ledger and take appropriate corrective actions. • Identify Broker contacts and initiate communication for Broker’s Insurance Ledger Reconciliation. • Maintain open and effective communication with clients regarding outstanding premiums, payment, and credit terms. • Resolve client inquiries related to invoices and payments in a timely and professional manner. • Credit Control Management • Monitor outstanding insurance premiums and initiate collection efforts when necessary. • Collaborate with underwriting teams to develop strategies for reducing aged debt. • Aged debt analysis • Monitoring and reporting of unallocated cash balance To be successful in this role, you will need to be/have: • Education in Finance, Accounting and/or Insurance • Advance excel skills for data analysis • Proven experience in credit control within the London Insurance Market / Lloyd’s Syndicate • Familiarity with MGA partnerships, premium collection, and cash flow processes. • Understanding of wide range of Insurance and Re-insurance products as well as delegated underwriting authority. • Strong knowledge of insurance premium billing processes, bank reconciliation procedures, and accounting principles. • Exceptional communication and negotiation skills. • Excellent analytical and problem-solving skills.