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Role Summary and Purpose

The primary responsibility of this role is to assist the credit control function associated with ceded reinsurance transactions. You will work closely with internal teams, brokers and reinsurers to ensure timely and accurate settlement of reinsurance premiums and claims. 

Key Tasks and Responsibilities

• Assist with the credit control operations, ensuring that processes and procedures are followed efficiently and effectively
• Monitor outstanding balances and ensure timely collection of reinsurance receivables from brokers and reinsurers
• Work closely with internal and external stakeholders to ensure aged debt is within agreed KPI’s
• Asist with the preparation and delivery of key aged debt reports to management
• Develop relationships with internal & external stakeholders to drive efficiency & increase service levels
• Assist the Credit Control Lead to review & Improve departmental credit control processes and procedures
• Work closely with the finance team to eliminate unallocated cash
• Assist with enhancing, maintaining and evidencing the current SOX Controls
• Work independently or with other team members on the continuous improvement projects as directed by the Ceded Re Operations Manager or Credit Control Lead

Role Requirements & Skills

Skills / Competencies

• Strong Excel skills at proficient level are essential for this role
• Experience using XL Pro is desirable
• Strong communication with the ability to establish good working relationships both within and outside the organisation
• Strong comprehension of business processes and systems
• Ability and confidence to challenge existing procedures & use of systems
• Strong technical skills including credit control skills
• Good understanding of Bureau systems and procedures
• Awareness of Sox Controls

Qualifications

• 2+ years’ experience in a similar role within the company & Lloyds Insurance market is essential

Experience

• Experience of Aged Debt Reporting & Analysis is essential

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.