Technical Accounting & Credit Control

Our client are a Lloyds / London Insurer seeking an experienced Reinsurance Credit Control professional to join the Reinsurance & Business Accounting department. This role’s primary responsibility is on the Outwards reinsurance book, to ensure that monies are received and settled on a timely basis, in accordance with internal targets and contractual terms. The ultimate goal, to minimise reinsurance recoveries whilst maintaining accurate records and accounts. The successful candidate would be expected to analyse their own accounts and reports in order to achieve individual and team targets, and fully contribute to the overall success of the department and organisation.

What you’ll be doing:
You'll be responsible for the Credit Control and collection of reinsurance recoveries, ensuring premiums are settled with brokers and reinsurers. This role involves:

• Pursuing outstanding reinsurance recoveries to meet targets.
• Maintaining detailed reinsurance ledger summaries using Core Systems.
• Analysing reinsurance documents, slips, endorsements and contractual information.
• Directly liaising with Brokers and Reinsurers outside the London Market Bureau.
• Processing and reconciling LORS and broker statements.
• Generating reports and providing insightful analysis for senior management.
• Upholding a strong commitment to data quality and resolving issues efficiently.
• Participating in various ad hoc projects.

Our must-haves:

• Strong Insurance knowledge, experience of working in the London Market required.
• Strong credit control experience and demonstrable experience of ensuring that funds are received, reconciled and allocated on a timely basis.
• Be capable of interpreting and analysing contract language & collection documents in order to collect reinsurance recoveries efficiently, being able to confidently question the Reinsurance team & brokers where required.