Collections Advisor - Insurance

Location: London
Contract Type: Contract
Specialisation: Finance & Accounting
Salary: Negotiable
REF: BBBH247612_1617038242

Newly created Collections Advisor for law firm who specialise in Insurance, looking to bring collections brokering in house. Initially a 12 month FTC position with the hope of turning permanent.

Key duties include:

  • Providing a comprehensive credit control service - pursue debtors frequently and effectively by telephone, email and letter to secure payment within Kennedys agreed payment terms
  • To identify the type of market they are invoicing Lloyds, Lirma, IAU, Company, overseas and use the appropriate collection method for each
  • Seek the relevant authorisations needed from market leads to proceed with collection of our invoices
  • Liaise with clients to resolve complexed issues to enable collection of our invoices
  • Full processing of invoices - from sending the invoice for initial approval to final settlement via ECF/Class
  • Proactively engage fee earners and partners to improve collections and reduce debtor days - attend monthly meetings with fee earners and partners to agree collection plans
  • Review aged debt lists regularly to identify bills that can be chased - ensuring that any issues are identified and escalated promptly to the partner or finance management as appropriate
  • Ensure the credit control database is updated regularly and maintained with current activity summary.
  • Working collaboratively with the other finance teams (cashiering, billing and database) to provide an excellent service to our partners and clients

Must haves:

  • Knowledge of all aspects of ECF/CLASS system
  • Working knowledge of a Credit Control function
  • Strong communication skills - will also be working with their offices globally
  • Enjoy being part of a big team of Legal Credit Controllers