Job Title: Accounts Receivables Analyst – Open Market
Division: Finance
Reports To: Open Market Senior Credit Control Manager
Key Relationships:
Internal: Underwriting, Claims, Finance and Operations Teams
External: Davies Group, Brokers
Key Responsibilities & Job Summary:
- Account management of the Open Market ledger.
- Reduction of debt on the Open Market ledger.
- Progress the Escalation/Notice of Cancellation process.
- Analysis of risks at Velonetic and progress resolution.
- Strong liaison with internal and external stakeholders.
- Active management of internal and external queries.
- Assist in managing the current debt along with backlog of legacy debt.
- Assist in driving process improvement.
- Assist in the development of the department, creating a high level of trust and respect within the business.
- Maximise our cash flow through the resolution of queries and the maintenance of strong relationships.
- Analyse and report on various projects within the scope of Open Market debt.
- Create awareness within the business to prevent the renewal of premiums and issue of claims against unpaid premiums.
- Identify the issues which prevent signings and progress movement internally/
- Liaise with Davies and support the pro-active and swift collection of payments.
- Preparation of any reporting requirements for the Open Market Senior Credit Control Manager
- Ensure that appropriate standards complied with.
- Use business knowledge and understanding of credit control processes to propose improvements and enhancements as appropriate.
- Support new functionality User Acceptance Testing (UAT) as required.
General
- Develop meaningful and strong working relationships with Business Partners, Brokers and key stakeholders across the Group.
- Adopt the Beazley culture of being Bold, Striving for Better, Doing the Right Thing. Contribute to building an internal environment of teamwork that promotes a positive brand image to our external customers.
- Ensure that you uphold the Beazley principle of Treating Customers Fairly and Conduct.
Personal Specification:
Essential Criteria
- Experience and knowledge of insurance processes essential.
- Credit Control/collection experience in the London Insurance Markets essential.
- Experienced and knowledgeable regarding Lloyd's of London.
- Experience and knowledgeable regarding Velonetic processes and platforms including:
- Lloyd’s Account Enquiry
- IMR Platform
- Tracker
Education and Qualifications
- Educated to minimum A level or equivalent.
- CICM level 3 qualification advantageous.
- CII level 3 qualification advantageous.
Skills and Abilities
- Accurate and numerate.
- Strong Excel and reconciliation skills.
- Meticulous, analytical, strong attention to detail.
- Able to handle large amounts of data whilst maintaining accuracy and quality.
- The ability to manage time, meet deadlines and prioritise.
- Strong communicator, able to communicate effectively both verbally and in writing with internal and external stakeholders.
- Self-motivated, able to work on own initiative and use problem solving skills to proactively resolve issues.
- Ability to work independently.
Familiar with Blueprint Two Digital Platform concept.
- Familiar with accounting principles.
- Advanced knowledge of Excel.
- Computer skills – good working knowledge of MS Office service suite.
Aptitude and Disposition
- Outcome focused; self-motivated and enthusiastic.
- Professional approach to successfully interact with internal service company teams (underwriters, underwriting assistants, business managers and finance) as well as external contacts, in particular brokers and partners.
- Ability and willingness to roll up sleeves and get involved in detail.
- Ability to interact with individuals at all levels of the company.
- Investigative nature and problem solver.
