Credit Controller

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Credit Controller

  • Location:

    United Kingdom

  • Contact:

    Piere Forbes

  • Contact email:

    piere.forbes@equitycity.co.uk

  • Contact phone:

  • Job ref:

    439

  • Published:

    3 months ago

  • Expiry date:

    2024-08-19

Title: Credit Controller 
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.  
PERFORMANCE MEASURES
  • 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;
ROLES AND RESPONSIBILITIES CONTINUED
  • 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.