Job Title: Assistant Reconciliation Accountant
Division: Financial Reporting
Key Relationships: Finance team, Lloyd’s of London, Credit Control, Banks, Underwriters, Coverholder Operations and Auditors.
Job Summary: A key role in our finance team, supporting the Reconciliations Manager in monitoring insurance receivables and payables.
Key Responsibilities:
- Day to day monitoring and matching of insurance/reinsurance receipts/payments using Autorek (sub-ledger).
- Reporting and escalation of unmatched transactions outside set tolerance levels to Reconciliations Manger.
- Liaising with underwriters, auditors, credit control, operations teams and/or 3rd parties as appropriate to resolve issues. These relationships will be essential in ensuring success in the role.
- Implementation of corrective action where appropriate, to include posting journals using Agresso (GL Package).
- Assisting in preparation of monthly/quarterly reconciliations and reports on insurance receivable and payable balances for five syndicates.
- Working with Reconciliations Manger to ensure resolution of legacy issues where identified, including implementation of processes, systems and/or controls to prevent reoccurrence.
- Assisting in analytical review of period end insurance receivable and payable balances including close liaison with the corporate reporting team.
- Assist on finance projects as requested by the Reconciliations Manager / Finance Manager.
- Ad Hoc reporting including co-ordination and collection of information to prepare internal reports.
- Support the Finance Manager with other areas of syndicate reporting as required.
- To share ownership of the claims /premium payment process with other team members to ensure all liabilities are settled and reconciled in a timely manner.
- To comply with relevant Beazley procedures and policies.
General
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
- Comply with Beazley procedures, policies and regulations including the code of conduct.
- Display business ethics that uphold the interests of all our customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
Personal Specification:
Education and Qualifications
- University degree in finance/ business/ accounting preferred
- Studying towards professional qualification i.e ACCA, CIMA, ACA
Skills and Abilities
- Must be able to work as part of a team
- Computer skills – Excel/MS Office
- Good interpersonal and communication skills
- Proactive , self starter, seeks continuous improvement
- Ability to manage time, meet deadlines and prioritise
Knowledge and Experience
- Knowledge of insurance company accounting is preferred
Aptitude and Disposition
- Self motivated, flexible and enthusiastic
- Professional approach to successfully interact with senior management/colleagues/external suppliers
- Diplomatic
Competencies
- Team work
- Technical competence and expertise
- Accuracy
- Analytical thinking/information seeking
- Speed and quality
- Communication
- Energy
- Integrity
- Flexible