About us
Our Client is part of one of the world's largest Insurance groups.
This position is a 12 month fixed term contract and offered on a hybrid basis.
The role
- Ensure the Technical Accounting ledgers accurately reflect insurance transactions (via Xchanging and direct) for premium, claims and cash balances; and that these balances are understood and reconciled
- Ensure accurate booking of bordereaux for Delegated business
- Establish strong working relationships with the underwriting, distribution and claims teams to reduce errors from Xchanging and improve their involvement in pursuing overdue debtors
- Be a centre of excellence on eNora (the Policy Administration) system
Key accountabilities
- Effectively administer Xchanging error handling across Premium and Claims across all business transacted through the UK
- Fast comprehension of the financial aspect of slips for all classes of business
- Review outstanding EPI pipeline monthly to ensure it is appropriate to hold as a debtor
- Allocate cash receipts on a timely basis
- Understand the systems landscape in particular the interface into SAP (General Ledger) from eNora (Policy Admin) and the impact actions taken in eNora will have on the overall financial technical results
- Drive corrective action where required in the booking process to display the required change in output in the financial results
- All necessary payments are requested promptly and are properly documented
- Provision of Dashboards (Xchanging errors / outstanding balances) to Class underwriters monthly and ensure any queries / issues raised are resolved efficiently
- Issue Notices of Cancellation where required (as agreed with Underwriters)
- Understanding of binder administration and build processes to effectively administer the booking and settlement of any new binder business
- Meet IPT and EEA regulatory reporting requirements
- Strive for continuous process improvements and automation
Skills & experience
- Previous experience in a similar role within the London Insurance Market
- Xchanging knowledge
- Strong computer skills (Excel in particular)
- Analytical skills, and financial understanding
- Ability to work under pressure and to tight deadlines
- Team player
Other
As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.