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- Tasks: Join our team to manage escrow accounts and ensure top-notch data quality.
- Company: Avencia Consulting partners with a leading specialty insurer in London.
- Benefits: Enjoy a diverse and inclusive work environment with opportunities for growth.
- Why this job: Be part of a dynamic team that values compliance and client service excellence.
- Qualifications: Strong Excel skills and attention to detail are essential; AAT qualification is a plus.
- Other info: Ideal for self-motivated individuals who thrive under pressure.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
About us
Avencia consulting is partnered with a leading specialty insurer who are looking to recruit a Finance Technician in their London office.
The role
Work with claims and operations to ensure best practice, compliance, and high service and data quality standards.
Key accountabilities
- Work with the Delegated Authority Manager on escrow accounts and manage escrow cash settlements.
- Set up, reconcile, and close escrow funds, ensuring alignment with claims bordereaux.
- Liaise with TPAs on escrow reconciliations and manage monthly outsourced claims funds.
- Maintain and update operational process manuals and compliance documentation.
- Validate and enter data accurately into company systems for financial reporting.
- Support TPA processes, performance objectives, and induct/train new employees.
- Promote diversity, inclusion, and a safe working environment in line with H&S legislation.
- Build strong stakeholder relationships and represent the team to enhance client servicing.
- Ensure compliance with Group and Regulator guidelines, reporting incidents or breaches proactively.
- Support risk monitoring and awareness initiatives within the branch.
Skills & experience
Must-haves:
- Strong reconciliation skills, accuracy, and attention to detail.
- Proficient in Excel, Word, and data evaluation systems.
- Strong communication and interpersonal skills; confident in technical discussions.
- Self-motivated, organised, and able to meet tight deadlines under pressure.
- Analytical mindset with problem-solving skills and understanding of insurance terminology.
- Awareness of the financial impact of processed technical data.
Nice-to-haves:
- AAT qualified or studying towards it
- Part-qualified accountant (ACCA, CIMA, ICAEW, etc.).
Finance Technician employer: Avencia Consulting Services Ltd
Contact Detail:
Avencia Consulting Services Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Technician
✨Tip Number 1
Familiarize yourself with the insurance industry terminology and practices. Understanding the specific language and processes used in finance and claims management will help you communicate effectively during interviews.
✨Tip Number 2
Highlight your reconciliation skills and attention to detail in conversations. Be prepared to discuss specific examples of how you've successfully managed financial data or resolved discrepancies in past roles.
✨Tip Number 3
Network with professionals in the insurance and finance sectors. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the company culture at Avencia.
✨Tip Number 4
Demonstrate your proficiency in Excel and data evaluation systems during discussions. Consider preparing a brief overview of how you've utilized these tools in previous positions to enhance your candidacy.
We think you need these skills to ace Finance Technician
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Finance Technician position. Make sure you understand the key accountabilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with reconciliation, data entry, and financial reporting. Use specific examples that demonstrate your attention to detail and analytical mindset.
Showcase Your Skills: Make sure to mention your proficiency in Excel and other relevant software. If you have any certifications like AAT or are studying towards them, be sure to include that information as well.
Craft a Strong Cover Letter: Write a personalized cover letter that reflects your understanding of the company’s values, especially regarding diversity and inclusion. Explain why you are a good fit for the role and how you can contribute to their team.
How to prepare for a job interview at Avencia Consulting Services Ltd
✨Showcase Your Reconciliation Skills
Be prepared to discuss your experience with reconciliation processes. Highlight specific examples where your attention to detail made a significant impact on financial accuracy.
✨Demonstrate Technical Proficiency
Since proficiency in Excel and data evaluation systems is crucial, be ready to talk about your skills in these areas. Consider bringing examples of reports or analyses you've created in the past.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating your thoughts clearly and confidently, especially when discussing technical topics related to finance and insurance.
✨Understand the Company Culture
Research the company's commitment to diversity and inclusion. Be prepared to discuss how you can contribute to a positive working environment and align with their values during the interview.
