Senior Credit Controller in Not specified

We are recruiting for an experienced Senior Credit Controller - Delegated Authority to join a highly regarded, established Lloyd's insurance business based in the City of London.

This is an excellent opportunity to join a financially strong and successful organisation with a reputation for underwriting profitability, stable long-term ownership and a collaborative working culture.

Working within a specialist insurance finance function, you will take responsibility for the effective management and collection of premium debt across delegated authority business, working closely with brokers, coverholders, underwriting and finance teams.

• Managing and reducing outstanding premium debt across delegated authority accounts.
• Monitoring aged debt, investigating overdue balances and driving timely collection.
• Reconciling premium bordereaux, statements and outstanding balances.
• Liaising with brokers, coverholders and internal stakeholders to resolve payment discrepancies and queries.
• Monitoring premium settlements and ensuring accurate allocation and reconciliation of receipts.
• Producing debt reporting, identifying risks and escalating significant outstanding balances.
• Supporting improvements to credit control processes, reporting and financial controls.

We require candidates with specialist insurance market experience, specifically gained within a Lloyd's Syndicate Managing Agent or Lloyds Broker.

You will need:

• Solid understanding of London Market Insurance practices
• Strong experience in insurance premium credit control, premium accounting, insurance broking accounts or premium settlements.
• Knowledge of delegated authority business and binder arrangements.
• Proven experience interpreting and reconciling monthly Coverholder/MGA Bordereaux data and tracking down outstanding payments against those reports.
• Experience managing and resolving complex payment queries.
• An understanding of the relationships between brokers, insurers and coverholders.
• Excellent interpersonal and negotiation skills and the ability to leverage strong working relationships with Lloyds brokers to facilitate swift debt resolution.
• Strong analytical skills, attention to detail.
• The ability to take ownership of debt management and work proactively to resolve outstanding balances.

Candidates currently working in Insurance Broking Accounts (IBA), premium accounting, technical accounts, binder accounting or delegated authority operations are also encouraged to apply where they have relevant premium accounting and debt management experience.

The business offers a supportive, collaborative environment, a strong reputation within the Lloyd's market and an attractive remuneration package, including:

• Performance-related bonus of 20-40%.+ benefits
• Hybrid working.
• Established, financially stable insurance business.
• Opportunity to take ownership of a specialist delegated authority credit control function
• Potential for progression in to management role.

Due to the potential volume of applications, we regret that we are unable to respond individually to every applicant. Applications will be reviewed against the essential criteria outlined above, and only those candidates that meet the criteria will be contacted.

VAT Number: 732 4476 36

Group Company Number: 5111937