IBA Technician ( Credit Controller) Part Time 24 hours

We are currnetly recruiting for an experienced Insurance Account Handling Technician to join an established business in their accounts team.

Your responsibilities:
Document Creation
Complete standard document templates for distribution both internally and externally without errors. Documents include:

Statements containing balances due, inclusion of Treaty as per procedures and/or other offsets
Payment requisition requests from statements
Data Entry
Fully and accurately view, enter, amend, update and submit data on and to:
Global XB - Total Objects
MS Office: Excel/Word/Outlook/SharePoint
Managing Information
Create and maintain electronic and paper files:
Ensure all documents are filed in an accurate and timely manner
Manage day to day correspondence and inquiries, ensuring matters are identified and dealt with promptly in line with IBA/ departmental procedures
Where relevant, produce monthly query lists for London Market Divisions
Where relevant, deal with London Market Finance scheme set-up/default queries making any technical adjustments in line with departmental procedures
Departmental Reports
Review and update departmental reports taking action as appropriate, in line with procedures:
Warranties Report: follow-up outstanding items in line with departmental procedures to ensure settlement deadlines are met. When necessary, notify colleagues of any imminent PPWs due
Cash Available Report: identify, update report and pay recently available credit balances identifying monies relating to a sanctioned territory
Liaise with the Claims team where necessary
Arrange settlement of any identified Third Party Binder claims
Unallocated Cash Report: identify and allocate cash within agreed timescales, notifying relevant Division when funds cannot be cleared
Funding Report: review and clear funds from relevant trading partner within agreed timelines
Claims Report: where required, undertake regular review of report to ensure claims status and data is up-to-date, in line with departmental procedures and agreed time lines
Late Signings Report: where required, produce regular month-end report
Credit Control Spreadsheet: where required, review and take all necessary action
Monthly Divisional Query List : where required, produce the report
Review and reconcile unallocated cash
Identify and pay recently available credit balances
Create payment requisition requests from generated statement, always following agreed procedures, including sanctions and verification processes
Start to release payments on Xchanging/LIMNET under supervision
Prepare authority to release cash PANS to the bureau under supervision
Create and issue statements, containing balances due, in a timely manner and in line with departmental procedures
Identify any premiums with settlement conditions
Reconcile underwriter statements in a timely manner
Monitor and pursue unpaid debts
Identify, collect or make claim payments
Allocate cash receipts and payments against ledger transactions
Follow settlement details to ensure correct allocation of funds
Ensure foreign currency procedures are followed in the event of sale or purchase of currencies

Your skills & knowledge:
Understands the principles of insurance
Follow documented processes and procedures
Proficient use of MS Office and relevant computer systems
Developing knowledge of LIMNET, IMR and LORS where required
Knowledge of settlement conditions and implications associated with failure to meet deadlines
May have some knowledge of credit write backs relevant to Legacy work
Understand the link between own role and Technical (Ops)
Where relevant to the job holder’s department, has developed knowledge of London Market Finance Schemes, warranties, LSW 3000s and Premium Payment Warranties
Awareness of FCA CASS 5 rules governing insurance broking transactions

You’ll be good at:
Accurate Data & Management Information
Communicating and Influencing
Customer Focus
Information Seeking
Planning and Organising
Team Working
Wavelength Recruitment Ltd is acting as an Employment agency on this occasion.