Accounts Receivable - Credit Control (Collections and Delinquency) B-1

Accounts Receivable - Credit Control Specialist

Job Summary:

We are seeking a detail-oriented Accounts Receivable - Credit Control Specialist to manage our collections and delinquency processes effectively. This role is crucial for maintaining cash flow and ensuring the accurate handling of accounts, particularly within the London Market and Open Market insurance sectors.

Key Responsibilities:

• Oversee the accounts receivable process, ensuring timely collection of outstanding payments and reducing delinquency rates.
• Manage credit control functions, conducting regular assessments of credit risk and implementing strategies for effective query resolution.
• Collaborate with internal teams to resolve discrepancies and queries related to collections, ensuring a seamless communication process.
• Understand and apply policies related to the London market, including both Bureau and Non-Bureau, as well as Open Market insurance norms.
• Prepare and present reports on collection status and delinquency trends, providing insights for performance improvement.
• Engage directly with clients to negotiate payment arrangements and ensure compliance with credit agreements.
• Monitor cash application and ensure accurate recording of payments in the financial system.

Requirements:

• Bachelor’s degree in Commerce or any Finance-related field.
• Experience in credit control or accounts receivable management, preferably in the insurance sector.
• Understanding of collections processes within the London Market and Open Market environments.
• Proficient in handling cash flow management, accounts reconciliation, and query management.
• Strong analytical skills and attention to detail to effectively assess credit risks and delinquency issues.
• Excellent verbal and written communication skills for interacting with clients and internal teams.
• Able to work evening shifts, starting between 3 PM and 5 PM.