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Credit Controller
Job Posted: a day ago
Salary: £ 40,000 - 40,000 / Annum
Job Type: Contract
Location: City of London, London
Expire in: a month
Job Description
Portfolio Credit Control are currently partnered with a reputable insurance business who are a major player within the sector. We are currently looking for a track proven Credit Control professional who has a strong background in insurance to support the team initially on a 3-month FTC, with the view to step into a permanent role.
Duties and Responsibilities
Producing and rendering premium and contra debt statements for the respective brokers and members.
Chasing debts by email and/or telephone and recording progress for tracking purposes until balances received and cleared or if escalation is required
Working closely with the Underwriting Teams to resolve unpaid premiums and to discuss potential NoCs requirements where necessary.
Investigation of received remittances from Brokers and Members to identify relevant correct premiums to be applied with the payment.
Clearing the cash receipts on the AS400 accounting system
Manage the daily internal transfers of cash receipts between Eclipse (in run-off) and the AS400
Liaising with the Underwriters/technicians to resolve issues surrounding outstanding cashes and accounting issues (premium calculations difference, etc.) to reduce the Clubs unallocated cash and aged debt positions
Maintaining the unallocated cash items so there are few or no items over 30 days old
Make regular payments of return premiums, brokerage, continuity credits, or any credit refunds required.
Set up new payee bank details with AS400 for outbound settlements
Verbally verifying those bank details where required
Identifying, querying and clearing potential offsets to keep the accounts clear
Dealing with both Internal/External queries in a timely manner.
Managing the daily cash receipts within the team on a weekly rotation, ensuring the information is added to the cash tracker efficiently and accurately.
Assisting the team members for coverage of tasks during holidays and other absences
Providing regular updates to the Operations Manager surrounding the designated portfolio of accounts being managed.
Review of processes and procedures to see what tasks could possible automated for more efficiency and streamlining
Ad hoc tasks delegated by the Operation Manager support the teams progress.
Completing assigned training course for their continual personal and business development and growth.
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