New opportunity reporting to the London Markets Operations Manager, whereby you will work as part of a wider Team who are responsible for assisting in collecting outstanding debts and reconciling both client and underwriters accounts in a timely, professional manner.
Key responsibilities & Accountabilities:
• Produce, Review and Reconcile Statements of Account (client & Underwriter) weekly and chase outstanding payments/arrange collections accordingly.
• Monitor and action Notices of Cancellation to ensure payments are made within the agreed terms.
• Monitor policies that flag as due for payment on both open market placements and monthly bordereaux and chase accordingly.
• Chase overdue items including PCL.
• Client, Underwriter & Broker and Accounts Department liaison.
• Monthly review of aged debtors report.
• Arranging the settlement of credit balances to clients in a timely manner.
• Resolving premium/claim differences.
• Monitor the Premium Payment Warranty list.
• Produce and review unallocated cash list.
• Providing an additional point of call for Clients/Underwriters/Accounts Dept who are having difficulty in reconciling amounts. Lloyd's/LIRMA, ILU and composite companies Accounts.
• Monitor the daily signings for the Lloyd's, LIRMA and ILU accounts.
• Report to Management any outstanding issues and highlight any potential problems.
• Compliance at all times with Company procedures & policies and FCA rules and regulations to ensure timely payments whilst maintaining high satisfaction of client service levels.
Skills & Competencies:
• Experience necessary in a credit control or accounts role.
• Will consider on a part-time and hybrid or wfh basis.
• Basic knowledge of MS Excel required.
• Ability to manage and prioritise own workload.
