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About the Role
Support the credit control function by ensuring premiums are received promptly and in accordance with contractual terms and expected income. This role offers the opportunity to gain practical experience in insurance credit control and delegated authority operations within a global community of optimists and problem-solvers.
Responsibilities
- Support the timely collection of premiums by liaising with brokers and coverholders.
- Document all communications within core systems.
- Maintain follow-up diaries.
- Investigate written vs signed variances through the reconciliation of written and settled bordereaux to identify outstanding declarations or data discrepancies.
- Collaborate with underwriting teams to address and resolve issues relating to problem accounts.
- Participate in credit control meetings with brokers and coverholders where required.
- Monitor and resolve bureau signing rejections by coordinating with relevant internal and external stakeholders.
- Assist in reconciling and allocating direct settlements, ensuring accurate processing of technical transactions within core systems.
- Prepare and submit LPANs to Xchanging for Syndicate 3000 direct-settled funds.
- Work both independently and as part of a team to meet agreed performance targets and KPIs.
Requirements
- A strong willingness to learn and develop within a credit control environment.
- Effective communication and organisational skills.
- Demonstrable numerical aptitude and analytical capability.
- Experience within credit control, finance, or similar account-related roles (preferred).
- Exposure to the London insurance market (preferred).
- Understanding of delegated authority business (binders, lineslips, consortia) (preferred).
- Familiarity with Lloyd’s premium processing - EDI messaging, IMR, LPAN submissions (training available) (preferred).
Skills
- Credit control
- Delegated authority operations
- Insurance
- Communication
- Organisation
- Numerical aptitude
- Analytical capability
- Finance
- Account reconciliation
- Problem-solving
Location
- London
Work Type
- Hybrid
- Full-time
Experience Level
- Entry-level (full training provided)
- Some experience preferred
Salary/Compensations
- Great starting salary plus annual bonus
Benefits
- 25 days paid holiday plus Bank Holidays
- Opportunity to buy/sell extra leave
- Fantastic company pension scheme
- Private medical cover
- Private dental cover
- Life assurance
- Travel insurance cover
- Income protection
- Season ticket loan
- Opportunities to learn new skills
- Opportunities to develop in career
About the Company
- Markel Group (NYSE – MKL) is a Fortune 500 company with over 60 offices in 20+ countries.
- It is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
- Company values: We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further.
Equal Opportunity
- Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances.
- We are an equal opportunity employer and value diversity at our company.
- We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
- We will ensure that individuals with disabilities are provided with all reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful.
- Contact rec@markel.com or 0161 507 5827 to request accommodations.
- Alternative formats of documents or information on how to apply offline are available upon request.