Insurance Credit Control Specialist

1 month ago


London, Greater London, United Kingdom Taylor James Resourcing Full time
Job Title: Insurance Credit Control Specialist

We are seeking an experienced Insurance Credit Control Specialist to join our team at Taylor James Resourcing. As a key member of our compliance department, you will be responsible for ensuring the timely and accurate collection of client receivables and payables, while minimizing aged debt.

Key Responsibilities:
  • Monitor and chase debt to ensure prompt settlement of premiums by telephone, email, and meeting internal and external SLAs.
  • Process claims and premium information onto our company software.
  • Prepare, validate, and render inwards and outward settlements, ensuring they adhere to contractual responsibilities and individual technical accounts.
  • Maintain client feedback onto relevant systems in a timely and efficient manner, ensuring that this is kept up to date and that any unanswered feedback is followed up.
  • Produce month-end management reporting.
  • Participate in internal and external meetings, including attending meetings with Underwriters, developing client/MGA relationships, and assisting with due diligence assessments of potential Coverholder's credit control activities and practices.
  • Review transactional records to identify data quality issues, to be resolved with the parties providing the data for long-term fixes.
  • Review bank accounts, bank cheques, and allocate cash on a daily basis.
  • Identify and resolve issues where possible, escalating risks, and highlighting any settlement/MGA issues to appropriate personnel.
  • To interrogate, as appropriate, inwards submissions and clients' data in order to resolve problems and answer queries.

This is an excellent opportunity to join a well-established but rapidly growing insurance group with an excellent market reputation. Reinsurance and/or Lloyds market experience would be beneficial, with a minimum of a working understanding of reinsurance settlements.

We offer a competitive salary and bonus structure, as well as opportunities for professional growth and development. If you are a motivated and experienced credit control professional looking for a new challenge, please apply today.



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