Credit Control Analyst Job In London

Job Description

Main purpose of the job:

To support Blenheim syndicate 5886 and White Bear MGA platforms by assuming responsibility for all credit control activities as directed, working with relevant teams to resolve and develop solutions. Ensuring credit control procedures are effective and implemented across the business.

Responsible for collection and reconciliation of premiums, minimising bad debt and maximisation of cash flow. The role will provide regular reporting to stakeholders regarding Credit Control performance. You will work collaboratively within Operations, liaising with the business to ensure any challenges / risks are identified and addressed.

Key tasks:

1. Responsible for credit control and reporting requirements for MGA and Blenheim 5886.
2. Liaison with brokers, chasing overdue premium and remittances.
3. Implement credit control processes and procedures, to be utilised by Underwriting teams.
4. Control of ad hoc day to day issues within Credit Control.
5. Clear and regular communication with Brokers, Cover holders, Finance, IT & Data Management, Underwriting teams and Group Operations management.
6. Reconciliation of MGA bank accounts, isolating and allocating premium receipts and effective resolution of cash related queries.
7. Creation and reporting of MI to support internal and external requirements.
8. Maintenance of MGA Sequel ledger transactions.
9. To assist with month-end close procedures when required.

Key personal skills required:

1. Good analytical, mathematical and organisational skills.
2. Excellent communication skills, both verbal and written.
3. Ability to balance multiple priorities, by focusing on timely delivery of quality outputs.
4. Adaptable and Flexible with a ‘hands on approach’, and ‘can-do attitude’.
5. Ability to work collaboratively with other teams to achieve common goals.
6. Ensure compliance with company and other relevant standards and regulations.

Key technical skills, knowledge, and professional qualifications required:

1. Professionally qualified or willingness to study toward a professional qualification (CII or other equivalent).
2. Previous credit control experience gained within the London Insurance Market.
3. Good analytical, mathematical, and organisational skills.
4. Knowledge of Xchanging processes.
5. Proficient in MS Office suite, especially Excel.

Risk and Compliance responsibilities:

1. Ensure compliance with company and other relevant standards and regulations.
2. Ensure compliance with relevant PRA and FCA conduct rules.
3. Responsibility for the proper performance of all regulatory roles held in the course of employment.
4. Responsibility for the proper performance of any FCA/PRA Prescribed Responsibilities assigned from time to time and contained within a Statement of Responsibilities.
5. Ensure compliance with assigned risk management responsibilities.