London Market Credit Control Handler

Discipline: Finance & Strategy
Job type: Permanent
Contact email:
Job ref: J4694
Published: about 1 month ago
New opportunity reporting to the London Markets Operations Manager, whereby you will work as part of a wider Team who are responsible for assisting in collecting outstanding debts and reconciling both client and underwriters accounts in a timely, professional manner. Key responsibilities & Accountabilities: • Produce, Review and Reconcile Statements of Account (client & Underwriter) weekly and chase outstanding payments/arrange collections accordingly. • Monitor and action Notices of Cancellation to ensure payments are made within the agreed terms. • Monitor policies that flag as due for payment on both open market placements and monthly bordereaux and chase accordingly. • Chase overdue items including PCL. • Client, Underwriter & Broker and Accounts Department liaison. • Monthly review of aged debtors report. • Arranging the settlement of credit balances to clients in a timely manner. • Resolving premium/claim differences. • Monitor the Premium Payment Warranty list. • Produce and review unallocated cash list. • Providing an additional point of call for Clients/Underwriters/Accounts Dept who are having difficulty in reconciling amounts. Lloyd's/LIRMA, ILU and composite companies Accounts. • Monitor the daily signings for the Lloyd's, LIRMA and ILU accounts. • Report to Management any outstanding issues and highlight any potential problems. • Compliance at all times with Company procedures & policies and FCA rules and regulations to ensure timely payments whilst maintaining high satisfaction of client service levels. Skills & Competencies: • Experience necessary in a credit control or accounts role. • Will consider on a part-time and hybrid or wfh basis. • Basic knowledge of MS Excel required. • Ability to manage and prioritise own workload.