About the MNK Group
Since our founding, we have built a reputation for excellence by combining deep industry
expertise with a commitment to innovation and client success. Operating globally, we leverage
our extensive network, advanced analytical capabilities, and deep market insight to provide risk
solutions that help businesses shape the future.
About MNK International
Founded in 2009, MNK International has grown from a specialist Lloyd’s broker to become a
globally recognised insurance and reinsurance intermediary. Our journey has been defined by a
commitment to technical excellence, market innovation, and client-focused service delivery.
About MNK Global Corporate Solutions
MNK Global Corporate Solutions is part of the MNK Group, a fully independent worldwide group
of companies, including a specialist Lloyd’s of London broker, a group of MGAs and a collection
of insurance and reinsurance businesses.
We deliver exceptional insurance and reinsurance solutions with the precision and expertise
that comes from decades of industry leadership. Based in London with a strategic expansion to
Bangalore, we combine global reach with local insight to serve clients across more than 170
countries. Our approach bridges international best practices with deep market knowledge,
creating tailored solutions that address complex risk challenges in an ever-evolving landscape.
Position Title: Credit Control Operations Specialist
Industry: Insurance / Reinsurance
Department: Finance & Operations / Technical Accounting
Location: Bangalore, MG Road
Employment Type: Full-time
Role Summary
The Credit Control Operations Specialist is responsible for managing end-to-end credit control
activities within the insurance/reinsurance domain. The role involves premium processing, cash
allocation, technical accounting, accounts payable/receivable management, collections, and
supporting underwriting teams to ensure accurate financial reporting and efficient cash flow
management.
Key Responsibilities
1. Credit Control & Collection Management
- Monitor outstanding premiums and receivables to ensure timely collection.
- Engage with brokers, clients, and internal stakeholders to resolve overdue balances.
- Prepare and track aging reports, collection dashboards, and follow-up logs.
- Escalate high-risk or long-outstanding cases to management with recommended action
plans.
2. Cash Allocation & Receipts Management
- Allocate incoming cash accurately against premium, claims, commission, and fee
transactions.
- Reconcile cash receipts with bank statements and accounting records.
- Identify and resolve unapplied/unidentified cash in a timely manner.
3. Premium Processing & Technical Accounting
- Process premium bookings, statements of accounts (SOAs), and bordereaux.
- Ensure all technical accounting entries (premium, claims, commissions, cancellations)
are recorded accurately.
- Support month-end closing activities, including reconciliations and journal postings.
- Verify treaty and facultative premium transactions as per contract terms.
4. Accounts Payable (AP) & Accounts Receivable (AR)
- Manage outgoing payments related to claims, commissions, and return premiums.
- Track receivables and ensure all collections are aligned with credit control policies.
- Perform AP/AR reconciliations and support audits with required schedules.
5. Underwriting & Stakeholder Support
- Collaborate with underwriting teams to validate premium amounts, endorsements, and
contract terms.
- Assist in resolving discrepancies between underwriting systems and financial records.
- Provide data for underwriting reports, renewal analysis, and portfolio performance
insights.
6. Reporting & Compliance
- Generate regular credit control, AR, AP, cash allocation, and delinquency reports for
management.
- Ensure compliance with internal controls, accounting standards, and regulatory
guidelines.
- Support external and internal audits with documentation and reconciliations.
Required Skills & Qualifications
- Bachelor’s degree in Accounting, Finance, Business, or related field.
- 2–10 years of experience in credit control, AR/AP, or technical accounting within
insurance/reinsurance.
- Strong understanding of premium processing, policy documentation, and reinsurance
structures (facultative/treaty).
- Proficiency in cash allocation, GL/account reconciliations, and financial systems.
- Advanced MS Excel skills; experience with accounting or underwriting systems
preferred.
- Excellent communication and stakeholder management skills.
Pay: ₹600,000.00 - ₹1,100,000.00 per year
Work Location: In person
