Job Details

Credit Control Assistant

Tyne And Wear Newcastle Upon Tyne United Kingdom, NE125 £22,000 - £23,000 , Temporary

Posted: 8 hours ago



Responsible for delivering on finance objectives for North as part of North's credit control team.

Key Responsibilities

· The team works together effectively and demonstrates core values of teamwork, integrity and commitment.

· Workload is co-ordinated and managed including effective prioritisation of work and diary management.

· The team understands and is able to apply relevant company policies to maintain North's reputation and standing.

· All departmental procedures are accurately documented and identify responsible persons, processes, controls and documentation.

· Effective and efficient financial and regulatory reporting controls supported by accurate, timely and complete financial and regulatory reporting records

· Financial controls are in place which ensure accurate and timely financial records (including reconciliations, checks and reviews and other controls including those which are systems-based).

· Balance sheet is fully owned and controlled including full reconciliation on a monthly basis which is supported by working papers and sign-off.

· Up-to-date, accurate and complete financial records are maintained (including those held in Sage X3 and SunSystems).

· Up-to-date, accurate and complete register is held of all financial compliance activities (filings, submissions, etc.), their timetable and status.

· Programme of continuous improvement is undertaken which ensures that financial controls are as efficient as possible whilst remaining effective.

· Accurate, timely and complete statutory and regulatory reporting which supports performance analysis against business plans and capital management plans.

· Accurate, timely and complete statutory and regulatory reporting which meets our external obligations · The external audit relationship is well managed and constructive with appropriate liaison, an agreed external audit approach and timetable in place and an efficient agreed audit process.

· Incoming funds are allocated accurately and on a timely basis and accurate and complete records are maintained. · Incoming funds are monitored regularly and promptly identified

· Incoming funds are allocated accurately and on a timely basis against underwriting records or other operational transactions such as funds to be held on deposit

· A separate cash record is maintained of all incoming funds transactions with unique reference numbers · Credit risk is controlled whilst maintaining strong relationships with Members, policyholders and brokers

· Debtor statements are produced which are accurate, produced on a timely basis and distributed.

· Debtor balances are monitored, and action taken where credit terms and/or policy is not being adhered to.

· Resolve debtor issues collaboratively as far as possible and be responsive to Member, policyholder and broker communications.

· Brokerage settlements and returns of premium are accurate, authorised with appropriate segregation of duties and made on a timely basis.

· Claims settlements are made only where credit risk position has been properly considered and right of offset is used where appropriate.

· Cover is cancelled at an appropriate time and action is taken to obtain best possible security for outstanding amounts due.

· Security is obtained for mutual Members' release calls on open policy years in a form agreed with senior management.

· Operational departments (underwriting and claims) are fully aware of credit control issues and cancellations.

· Accurate, timely and complete management reporting as agreed with senior management, the Board and its Committees.

· Continuous improvement of management in Play an active role and support the business in delivering commercial projects as directed by senior management formation which will enable better oversight and/or better decision making.

· Play an active role in business projects which arise from time to time and provide specialist financial and commercial knowledge.

Skills and Experience

· CICM certificate or AAT Level 4 Diploma in Accounting or equivalent desired

· Awareness and understanding of core values (teamwork, integrity, commitment) and their practical application

· Work prioritisation and diary management · Effective engagement in the performance review process and training and development planning

· Company policies including whistleblowing, financial crime (AML, Bribery), sanctions, TCF and data protection

· Systems of financial control, including balance sheet ownership and reconciliation and maintenance of financial records

· Principles of continuous improvement and their application · Understanding of the external audit process, including planning and delivery

· Principles and application of effective credit control, including liaison with Members / policyholders

· Knowledge and understanding of Rules / terms of cover and their application to credit control

· Principles of management accounting and reporting that is meaningful to the business

· Knowledge and skills as required on a project-by-project basis · Nominal ledger accounting packages (Sage X3, SunSystems)

· Excellent working knowledge of MS Office (including Word, PowerPoint, Excel and Outlook) and Worksite

Job Details

Newcastle Upon Tyne, Tyne And Wear, United Kingdom
£22,000 - £23,000