About this role
Job title: Credit Controller - 12 Month FTC
About the Role Sompo has a unique opportunity for a Credit Controller in our Finance Operations team in our company market. This 12-month Fixed Term Contract role supports our International Insurance Division by proactively managing credit control, collaborating with Lloyd's, brokers, cedants and internal teams to maintain cash flow, accuracy and profitability. Based in London, hybrid working arrangement.
What You'll Do
- Pro-active credit control to ensure overdue/late accounts are followed up and escalated to management; follow up on action points from review meetings and update Line manager.
- Analyse and review trends and provide recommendations to reduce overdue debt in consultation with Line manager.
- Allocate signings to receivables; handle and follow up on queries from the collections operation including cash allocation.
- Allocate IPT/Taxes and follow up queries with Tax Department; file documentation and activity as required.
- Timely investigation and resolution of challenging accounts/cedants; collaborate with Finance, underwriting, claims, brokers and clients to resolve queries or technical issues.
- Ad hoc duties as directed by Line Manager. This position is a 12-month Fixed Term Contract.
What We're Looking For
- Experience in a similar role within the Lloyds Insurance/reinsurance market is essential.
- Experience of credit control in the Insurance sector.
- Experience of Aged Debt Reporting and analysis is essential.
- Strong Excel skills at Proficient Level (including macros).
- Strong grasp of business processes and systems.
- Ability to work on own initiative; ability and confidence to challenge existing procedures and use of system.
- Strong technical skills including credit control; good understanding of Bureau systems and procedures.
- Knowledge of London Insurance and Reinsurance products would be an advantage.
- Awareness of Sox Controls is desirable but not essential.
- Associate or member of the Chartered Institute of credit management is desirable but not essential.
Nice to Have
- Knowledge of London Insurance and Reinsurance products would be an advantage.
- Awareness of Sox Controls is desirable but not essential.
- CICM membership desirable but not essential.
Compensation & Benefits At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance. We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of some of the benefits we offer, which may vary depending on the country:
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits