Insurance Credit Controller

3 weeks ago


Cheltenham, United Kingdom Wavelength Recruitment Full time

**Role purpose**

Undertake the financial administration of bureaux accounts associated with insurance and reinsurance activities.

**Responsibilities**
- Ensuring all premium payment warranties are settled in compliance with PPW terms and conditions or extensions are requested where necessary;
- Ensuring all other premiums are settled in a timely manner;
- Reconciliation of bureaux balances, including liaison with operating divisions within AGR

and with client accounts staff, as well as direct communication with Exchanging and/or underwriters to resolve accounting queries and to identify unallocated cash;
- Allocation of cash receipts and payments against ledger transactions in a timely manner.
- Maintenance of a record of reasons for existence of aged balances.
- Escalation of unresolved aged balances to Assistant Manager / Manager and/or relevant Technical/Broking staff.
- Submission of corrections to Lloyds/ILU/Lirma via the IMR to resolve post-signing queries.
- Production of month-end late signing report for circulation to all Managers.

**Skill and Responsibilities include**:

- Understand the principles of insurance
- Proficient use of MS Office and relevant computer systems
- Developing knowledge of LIMNET, IMR and LORS where required
- Developing knowledge of settlement conditions and implications associated with failure to meet deadlines
- Self-motivated and enjoy problem solving
- Proficient user of Microsoft Office programmes, Outlook and Internet Explorer
- Strong attention to detail
- Able to use mathematical ideas and techniques



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