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Commercial Credit Control & Credit Risk Manager- Insurance, City of London
- UK - City of London
- £46000 - £50000 per annum + Total Package up to £69,460
- Full-Time Permanent
- Accountancy - Credit
- 10-09-08
Job Description
THE COMPANY:
My client is the UK's second largest insurance company, with a portfolio that includes some of the best-known brands in the business. They employ over 18,000 people across five countries, with a growing customer base in Spain, Italy and Germany.
Current figures include:
-The UK's largest motor insurer and the second largest home, travel and pet insurer
-£2 million motor policies internationally and are the largest direct insurer in Spain
-£4.3m home insurance policies
-A rapidly growing player in the SME commercial insurance market providing protection to customers through a network of around 3,000 brokers
THE POSITION:
The position will be based in both London and Bristol, 3-4 days in London and 1-2 days in Bristol each week. You will be responsible for managing a team of 17 staff including credit controllers and credit risk analysts.
Key duties:
-Manage Credit Quality and Credit Risk within strategy parameters agreed by the Commercial Executive.
-Deliver & Maintain a Credit Risk Management governance framework in line with group standards.
-Ensure the credit risk management functions within Commercial are adequately controlled, co-ordinated and supported.
-Manage interfaces with treasury, risk and control functions within the Insurance and Group, engaging Group credit risk and Treasury to ensure compliance and best practice.
- Develop and own an annual operational plan and budget to include staff development and overseeing the debt management function, promoting best practice in Commercial Credit Control.
- Constantly improve and develop MI to control the Credit Risk framework
- Develop self in order to maximise personal contribution to the job.
- Reinforce the culture and values through appropriate behaviours and actions.
- Be aware of and comply on an ongoing basis with the rules, requirements and principles of the Financial Services Authority (FSA) and any other legal/regulatory/risk management framework.
- Develop an environment that supports the management, motivation and development of the team to maximise the achievement of the business, individuals and objectives.
- Ensure adherence to regulatory, compliance and audit requirements
Experience & Skills/Knowledge:
- Demonstrable experience of managing credit risk within a financial service operation.
- Demonstrated experience in development of management information (MI) reporting
- Understanding of credit and market risk policies and methodologies.
- Proven Credit management knowledge and risk assessment skills.
- Good working knowledge of financial statements with proven management/financial accounting experience preferred.
- Excellent communication and interpersonal skills.
- Ability to inspire and develop trust of senior management.
- Proven track record of successful management experience
SALARY & BENEFITS:
The overall package can be up to £69,000, consisting of:
-Up to £46,000 basic + 21% benefit funding (cash equivalent or benefit purchasing)
-Up to 10% profit share
-Up to 20% discretionary performance bonus
Benefits include:
-25 days holiday, increasing to 28 days
-Private health and Life assurance (4x salary)
-Free travel insurance
-Child care vouchers
-Preferential rates and discounts on products and services
-Buy as you earn share scheme in addition to share save scheme
-Study support
-Flexible working arrangements
My client is the UK's second largest insurance company, with a portfolio that includes some of the best-known brands in the business. They employ over 18,000 people across five countries, with a growing customer base in Spain, Italy and Germany.
Current figures include:
-The UK's largest motor insurer and the second largest home, travel and pet insurer
-£2 million motor policies internationally and are the largest direct insurer in Spain
-£4.3m home insurance policies
-A rapidly growing player in the SME commercial insurance market providing protection to customers through a network of around 3,000 brokers
THE POSITION:
The position will be based in both London and Bristol, 3-4 days in London and 1-2 days in Bristol each week. You will be responsible for managing a team of 17 staff including credit controllers and credit risk analysts.
Key duties:
-Manage Credit Quality and Credit Risk within strategy parameters agreed by the Commercial Executive.
-Deliver & Maintain a Credit Risk Management governance framework in line with group standards.
-Ensure the credit risk management functions within Commercial are adequately controlled, co-ordinated and supported.
-Manage interfaces with treasury, risk and control functions within the Insurance and Group, engaging Group credit risk and Treasury to ensure compliance and best practice.
- Develop and own an annual operational plan and budget to include staff development and overseeing the debt management function, promoting best practice in Commercial Credit Control.
- Constantly improve and develop MI to control the Credit Risk framework
- Develop self in order to maximise personal contribution to the job.
- Reinforce the culture and values through appropriate behaviours and actions.
- Be aware of and comply on an ongoing basis with the rules, requirements and principles of the Financial Services Authority (FSA) and any other legal/regulatory/risk management framework.
- Develop an environment that supports the management, motivation and development of the team to maximise the achievement of the business, individuals and objectives.
- Ensure adherence to regulatory, compliance and audit requirements
Experience & Skills/Knowledge:
- Demonstrable experience of managing credit risk within a financial service operation.
- Demonstrated experience in development of management information (MI) reporting
- Understanding of credit and market risk policies and methodologies.
- Proven Credit management knowledge and risk assessment skills.
- Good working knowledge of financial statements with proven management/financial accounting experience preferred.
- Excellent communication and interpersonal skills.
- Ability to inspire and develop trust of senior management.
- Proven track record of successful management experience
SALARY & BENEFITS:
The overall package can be up to £69,000, consisting of:
-Up to £46,000 basic + 21% benefit funding (cash equivalent or benefit purchasing)
-Up to 10% profit share
-Up to 20% discretionary performance bonus
Benefits include:
-25 days holiday, increasing to 28 days
-Private health and Life assurance (4x salary)
-Free travel insurance
-Child care vouchers
-Preferential rates and discounts on products and services
-Buy as you earn share scheme in addition to share save scheme
-Study support
-Flexible working arrangements
- Melissa Connor
- 7892438
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