About Us
Our client, a leading global insurer, is part of one of the world's largest insurance groups.
This role is a 12-month contract, offered on a hybrid basis.
The Role
- Ensure the Technical Accounting ledgers accurately reflect insurance transactions (via Xchanging and direct) for premiums, claims, and cash balances, ensuring all balances are reconciled and understood.
- Ensure accurate booking of bordereaux for Delegated business.
- Build strong working relationships with underwriting, distribution, and claims teams to reduce errors from Xchanging and help improve the pursuit of overdue debtors.
- Serve as a centre of excellence for the eNora (Policy Administration) system.
Key Accountabilities
- Administer Xchanging error handling for premiums and claims across all UK-transacted business.
- Quickly grasp the financial aspects of slips for all classes of business.
- Review the outstanding EPI pipeline monthly to ensure it's appropriate to hold as a debtor.
- Allocate cash receipts promptly.
- Understand the systems landscape, particularly the interface between eNora (Policy Admin) and SAP (General Ledger), and how actions in eNora affect overall financial results.
- Drive corrective actions where necessary in the booking process to reflect changes in financial outcomes.
- Ensure all necessary payments are requested promptly and properly documented.
- Provide dashboards (Xchanging errors and outstanding balances) to underwriters monthly and resolve any queries efficiently.
- Issue Notices of Cancellation when required, as agreed with underwriters.
- Administer booking and settlement of any new binder business, ensuring a strong understanding of binder administration.
- Meet IPT and EEA regulatory reporting requirements.
- Continuously strive for process improvements and automation.
Skills & Experience
- Previous experience in a similar role within the London Insurance Market.
- Xchanging knowledge.
- Strong computer skills (particularly Excel).
- Analytical skills and solid financial understanding.
- Ability to work under pressure and meet tight deadlines.
- A team player with a proactive mindset.
Other
As an equal opportunities employer, our client is committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace fosters creativity and success.