Credit Controller
Full Time
Job Description
- Ensure that Credit Controlling is performed to a high standard to include attending regular meetings with internal and external parties.
- Be responsible for the Credit Control of all outstanding balances (under individual accountability) including maintaining the input and timely reconciliation of cash receipts
- Responsibility for the updating of internal Credit Control reports in turn providing individual Reinsurer dashboards
- Attend regular meetings with Technical Accounting Management team to effectively target and resolve aged debt issues
- Maintain and promote a strong working relationship with local team and the global Technical Accounting team in order to resolve all queries and to improve service level provided and cash flow between all parties.
- Ensure a team approach is taken towards all program business ensuring all settlement requirements are adhered to
- Assist in the co-ordination of historical reinsurer ledger clean up exercise, liaising where appropriate with individuals both internal and external to the department
- Work with (other global) Credit Controllers coordinating effective process enhancements ensuring any changes are effectively documented.
- Involvement in the distribution of funds across company network, including monthly reconciliation and escalation of historical unresolved balances
- Develop and cultivate a strong working relationship with the Shared Services (India) team as well as London and US teams to promote synergies and overlap where required.
- Provide regular support and assistance to Line Manager
- Assist when called upon to participate in testing/implementation of new system changes/reports where necessary
- Attend all training for the local team on current Genius System.
- Actively participate in external meetings with Brokers, Reinsurers and Captives to align the TA teams globally
- Develop and maintain strong collaboration and working relationships with Account Coordinators in London and Paris and Account Handlers in India
- Ensure regular meetings are held with Account Handlers to discuss any issues or challenges regarding specific accounts, including Ceded Re Management as and when required
- Ensure Credit Control database is updated and maintained on a regular basis
- Assist as and when require in the efforts to reduce Schedule F penalty
- Ensure all reports undertaken within Technical Accounting are fully narrated and followed up accordingly within communicated deadlines.
- Demonstrate an increased level of responsibility for all areas within reporting remit, deputizing for peers as and when required
- Ensure all FIC and Audit requirements are updated, fully documented, understood and adhered to in areas of responsibility to ensure there are no reportable events classified as a failed control.
- Liaising with Management and onshore colleagues, as and when required.
- Provide Timely and accurate response to audit requests either internal or external when called upon.
- Identify and recommend any process improvements, assisting in the implementation and roll out as applicable.
- Actively look at ways we can improve/enhance processes to generate and increased effectiveness reducing errors.
- Effectively represent the Technical Account department in all internal and external relationships by actively promoting the function to improve understanding and status as and when required
- Demonstrate full accountability of assigned workload and all tasks undertaken within remit
- Express a drive to achieve outstanding results with minimal errors and misses
Required Knowledge, Skills, and Abilities
- Previous experience in Insurance Industry in particular Reinsurance or Finance field
- PC Skills – Microsoft Word/Excel and Email essential
- Accuracy and attention to detail are essential
- Excellent communication skills are required
- Ability to priorities, multitask and work under pressure
- Ability to work well on own and part of a team
- Ability to self-motivate
Reference no: 98984