Credit Controller
Posted Updated
This role will be performing technical accounting and credit control management for Reinsurance classes of business, investigating and clearing legacy transactions.
Key Responsibilities
- Responsible for processing of proportional treaty statements for both premium and claims and ensuring accuracy of data entered into the underwriting system
- Perform chasers for overdue statements of accounts from brokers and cedants
- Prepare and raise Payment Request Forms for amounts payable to brokers and cedants.
- Assist Finance team with allocation of premiums collections by handling queries, monitor and expedite collection of brokers’ outstanding balances, and preparation of credit control reports giving updates on collections for management review
- Responsible for sending statements of accounts out to brokers/cedents for payments
- Analyze accounts receivables and ageing of accounts to determine overdue accounts, review provisions and collection procedures aiming to reduce / eliminate overdue balances
- To assist on internal and external reporting such as Management accounts
- Support Management on any ad hoc duties
Skills & Experience
Knowledge or experience in various Reinsurance classes of business.
Knowledge in Lloyd’s business and operations would be advantageous.
Experience in accounts receivable and payable, bank reconciliations and cash accounting.
Computer literate.
Proficiency in Microsoft Excel.
Experience with Subscribe policy administration system advantageous