Credit Controller

This role will be performing technical accounting and credit control management for Reinsurance classes of business, investigating and clearing legacy transactions.

Responsibilities

Key Responsibilities

• Responsible for processing of proportional treaty statements for both premium and claims and ensuring accuracy of data entered into the underwriting system
• Perform chasers for overdue statements of accounts from brokers and cedants
• Prepare and raise Payment Request Forms for amounts payable to brokers and cedants.
• Assist Finance team with allocation of premiums collections by handling queries, monitor and expedite collection of brokers’ outstanding balances, and preparation of credit control reports giving updates on collections for management review
• Responsible for sending statements of accounts out to brokers/cedents for payments
• Analyze accounts receivables and ageing of accounts to determine overdue accounts, review provisions and collection procedures aiming to reduce / eliminate overdue balances
• To assist on internal and external reporting such as Management accounts 
• Support Management on any ad hoc duties

Qualifications

Skills & Experience

• Knowledge or experience in various Reinsurance classes of business.

• Knowledge in Lloyd’s business and operations would be advantageous.

• Experience in accounts receivable and payable, bank reconciliations and cash accounting.

• Computer literate.

• Proficiency in Microsoft Excel.

• Experience with Subscribe policy administration system advantageous

About UsOur benefits
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, pension contributions, flexible benefits, discretionary bonus, insurances including health (family) cover, and many other benefits to enhance financial, physical, social and psychological health.

About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.  
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate.  We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.