Assistant Credit Controller
5 months ago
Assistant Credit Controller
**Company**
Munich Re Specialty Group
**Location**
London, United Kingdom
At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.
About us
MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.
As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.
Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable people and businesses to thrive.
Assistant Credit Controller
We are looking to employ an Assistant Credit Controller to be based in London and to work with us on a Full Time basis.
If you’d like to work within a high-performing, positive and collaborative team where you can make difference, we’d love to hear from you.
What we are looking for
You to be a team member in the Underwriting Management Division responsible for premium credit control, which includes monitoring premium, reporting, processing and analysing of the business underwritten by the managed Syndicates and other related Group companies (dual stamp) on a day-to-day basis.
To understand Lloyd’s Minimum Standards regarding appropriate credit control and management procedures for the collection of premium.
To assist with monitoring all premium payments and ensure they are received within agreed credit terms. To undertake the processing and administration of credit control transactions so that credit control targets are achieved.
To support the central Credit Control process and ensure that it operates efficiently and effectively, that objectives are being met and to assist as the central point of contact between underwriters, brokers and relevant 3rd parties.
To support appropriate working relationships to improve premium debt performance.
The Role
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To support the Credit Control team with the MRSG Credit Control processes and the management of accurate premium data on a daily basis including**:
- **Production, analysis and investigation of aged debtor balances on a regular basis**:
- ** Chase, resolve, negotiate and reconcile aged debt accounts and balances with brokers to enable the business to maintain an accurate record of its outstanding premium position**:
- **Be involved and ultimately take control of more complex reconciliations**:
- ** Liaise closely and provide such detail to Underwriters to ensure that any premium queries and errors can be resolved quickly. Including escalation as appropriate**:
- ** Work closely with the Underwriting teams to develop and improve the management of premium credit control within each team**:
- ** Monitor premium payments received through the relevant policy administration systems**:
- ** Respond to and take ownership of internal queries**:
- ** Be aware and understand relevant KPI’s**:
- **Interface with underwriters and other relevant teams / individuals within the group**
- ** Improve existing operational analysis of results and trends for premium payments and monitor EPIs and verify and ascertain more accurate data regarding unpaid premium**:
- ** Ensure all processes are documented effectively**:
- ** Manage tasks within agreed timetable including booking relevant review meetings with team management**:
- ** Critically appraise all processes and assumptions on an ongoing basis with a ‘continual improvement outlook’ and proactively engage with relevant stakeholders to improve where opportunity exists**:
- ** Assist in other areas of the team and provide effective cover where appropriate as assigned**
Key Skills & Experience
- **
Previous experience in Lloyd’s London market beneficial**:
- ** Previous experience in Insurance essential**
Your career with us
At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more
Diversity & Inclusion
Creating an inclusive environment is a crucial part of the Munich Re culture, and we are commit
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