Location: Location
Salary: £50k+
About the role
- Assist in the collection of all outstanding monies owed to the Company in a timely manner, present detailed analysis to the Credit Control Manager on a weekly basis, assist in the production of reports and analyses concerning the Company and syndicates in line with the Company’s regulatory requirements.
- ROLES AND RESPONSIBILITIES
- Chase, monitor and report upon overdue premiums to the Credit Control Manager.
- Liaise with the underwriting departments, where required, to assist with collection of premium or renewals of business with outstanding debt.
- Make use of X-changing systems and reporting to ensure Brokers are continuing to settle to the business in accordance with the rest of the Lloyds Market.
- Monitor Aged Debt and react to changes and trends both internally and externally.
- Identify gaps in credit control practices and systems, implementing measures for improvement and documenting updated credit control procedures.
- Build and retain relationships with external and internal stakeholders.
- Assist in the production of weekly credit control reports and analyses for Starr companies and syndicates.
- Manage the issuance of monthly statement to the brokers and coordinate with the business regarding outstanding premiums.
- Assist in the development and implementation of new reports in line with Company’s business and regulatory requirements, as required.
- Produce weekly reports for the analysis of cash collections.
- Produce monthly reports for overdue premiums and monitor.
- Assist with and investigate any directly received cash in the bank accounts to establish allocation to policies.
- Ensure all agreements are processed according to the company’s compliance, regulatory and legal obligations.
- Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
- Manage any potential conflicts of interest to avoid disrepute to the company’s integrity.
- Advise Compliance of any complaints immediately.
- Outstanding monies collected within agreed timeframe;
- Correct allocation of funds to the correct bank account and in the correct currency;
- Monthly statement of accounts issued for outstanding premiums;
- Accurate reporting systems in place and production of appropriate reporting requirements;
- Monthly, accurate reporting (internal and external);
- Proactively addresses errors arising within reports;
- Feedback from internal and external stakeholders on service delivery and knowledge of their specific business needs;
- Attainment of pre-defined objectives within agreed timescales;
- Adherence and compliance with internal and regulatory policies and procedures; and Complete, timely and effective performance records, via Workday.