Credit Controller - Finance

MILLER GROUP; City of London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading (re)insurance firm in the City of London is seeking a Credit Controller to manage client accounts and ensure compliance with financial procedures. The ideal candidate will have a background in insurance and strong skills in finance-related roles. This position includes a range of benefits and promotes a diverse work culture where everyone can thrive.

Benefits

10% pension contribution

Private Medical Insurance

Minimum of 25 days annual leave

Life Assurance

Critical Illness cover

Qualifications

• Insurance experience preferred, brokerage experience ideal.
• Previous experience in a Credit Control / IBA Technical / Assistant role essential.
• Experience in preparing and maintaining accurate and precise accounting records.

Responsibilities

• Monitor and chase premium payments to ensure collection.
• Allocate incoming cash daily and handle discrepancies.
• Provide commentary on monthly Credit Control reports.

Skills

Proficiency in computer systems

Communication skills

Education

GCSE Maths and English at grade C or above

A Levels (or equivalent)

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

About us:

Headquartered in London, we operate internationally and at Lloyd’s. With a global team of over 1000 people and 10 international offices, we’re able to advise from Brussels to Bermuda. As an independent (re)insurance broking firm we work with intermediaries, direct insureds and reinsurers. For over 120 years we’ve been industry leaders in a variety of specialist areas.

Working here:

A career with us means the freedom to flourish. Whether you’re beginning your journey or ready to make your next move you’ll find a team of talented, inspirational people who care about their work and each other.
What really sets us apart is our people. We’re a diverse range of passionate advocates for doing things differently. We work together as one team, and our aim is always the outcome that will benefit everyone.

What you’ll do:

To ensure that designated accounts are correctly maintained within laid down procedures.

The Finance team is responsible for Miller’s financial accounting, management accounting, accounts payable, tax affairs, treasury function and credit control, ensuring that both Miller’s and clients’ money, assets, investments and cash are adequately protected.

Role Responsibilities:

• Monitor and chase premium subject to automatic cancellation payment warranty to ensure that funds are collected on time or escalated to the relevant Business Unit as appropriate
• Monitor assigned Client & Underwriter ledgers to ensure premium subject to automatic payment warranty is paid away in line with payment terms
• Monitor incoming cash daily and allocate
• Query unallocated cash balances and escalated, where necessary, to ensure resolved or returned to payee within 90 days
• Monitor assigned ledgers, chase debt and ensure aged balances are escalated in accordance with Credit Control procedures
• Provide commentary on monthly Credit Control reports
• Monitor assigned ledgers and ensure credit balances are paid out within one month of receipt
• Maintain accurate FLEX files and ensure documents are labelled in accordance with Credit Control guidelines
• Arrange and attend internal and external meetings to discuss Credit Control issues
• Handle cash allocations, ensuring unresolved items are queried with Business Units
• Adhere to and meet fully the expectations of Miller, as set out in its policies and procedures, training material, and embedded in its systems and controls. Our policies and procedures are written to encapsulate the compliance, legal and financial crime related legislation and regulations which apply to Miller.
• Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as Lloyd’s byelaws and FCA rules.
• Promote Miller brand and values to enhance Miller’s reputation in the market

Qualifications:

• GCSE Maths and English at grade C or above (or equivalent)
  A Levels (or equivalent)

Knowledge:

• Have a good level of proficiency in computer systems, including Microsoft Word, Excel, and Outlook

Experience:

• Insurance experience preferred, brokerage experience ideal
• Previous experience in a Credit Control / IBA Technical / Assistant role essential
• Experience in preparing and maintaining accurate and precise accounting records and reports

Benefits:

• 10% pension contribution from Miller. In addition, Miller will match any employee contributions up to 5%.
• Private Medical Insurance
• Minimum of 25 days annual leave (with flexibility to buy more)
• Life Assurance
• Income Protection
• Critical Illness cover
• Enhanced Maternity, Paternity Adoption and Shared Parental Leave

Miller is committed to providing equal opportunities to all applicants and to creating an inclusive working environment for all.

To foster greater diversity, we need an inclusive, open and supportive working environment where everyone is valued, respected and are able to meet their full potential.

At Miller, we are committed to creating an inclusive and supportive environment for all candidates. If you require any adjustments or accommodations to support you during the application process, please don’t hesitate to let us know.

Credit Controller - Finance

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