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For Companies At a Glance
- Tasks: Perform monthly reconciliations, manage escrow accounts, and support claims operations.
- Company: Join a global insurer with over 120 years of experience and a diverse workforce.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make an impact in finance while working with a supportive and innovative team.
- Qualifications: AAT qualified or part-qualified accountant with strong Excel skills.
- Other info: Opportunity for career growth and involvement in exciting projects.
The predicted salary is between 28800 - 43200 £ per year.
About us
We are working with a Corporate & Specialty Insurer. With over 120 years of experience, they operate across five continents, around 40 countries and employ over 5,000 people worldwide.
The role
Performing monthly reconciliations in excel to 3rd Party transaction statements, monitor liquidity positions, process payment requests to ensure Third Party Accounts are adequately funded on a timely basis, book related accounting entries, correspond with TPA Brokers / others to investigate and resolve any discrepancies, support the business claims & operations departments with resolution of items, document process and controls, provide monthly performance metrics for senior management reporting and provide cross-cover for team members. Working with claims and operations to supply a proactive and flexible service whilst driving best practice and ensuring compliance with all company procedures. This includes meeting agreed service and data quality standards, both internal and external.
Key accountabilities
- Working with the Delegated Authority Manager with regards to the escrow accounts.
- Manage escrow cash settlements.
- Initiate claims escrow fund set up with and manage closure.
- Management and reconciliation of monthly outsourced claims escrow funds.
- Liaison point with all TPA's in relation to escrow reconciliations.
- Working with the claims operations team to ensure that claims bordereaux are booked in line with the escrow reconciliation.
- Creating and updating operational process manuals and other procedure documentation.
- Assist with the documentation, maintenance and monitoring of compliance and governance initiatives.
- Actively participate in projects or other initiatives designed to improve the effectiveness and efficiency of the team.
- Validate and accurately enter data into company systems to enable reporting on the nature and financial impact.
Skills & experience
Qualifications:
- Qualified AAT - Part qualified accountant (ACCA, CIMA, ICAEW etc.)
Experience
- Reconciliations experience
- Attention to detail
- Excel proficiency
Other Skills
- Good communication, (written and oral), and interpersonal skills; comfortable with phone & face to face discussions with technical claims, underwriters & operational colleagues.
- Able to organise own workload effectively to meet service standards.
- Deadline focused; able to work under pressure to meet tight/complex deadlines.
- Good systems knowledge, experience of using systems to evaluate data.
- Good understanding of insurance and the terminologies used.
- Good analytical and problem-solving skills.
- Understand financial impact of technical data processed.
Key Results:
- Process Specification, Documentation & Controls
- Service Delivery
- KPI Reporting
Finance Technician... employer: Avencia Consulting
Contact Detail:
Avencia Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Technician...
✨Tip Number 1
Network like a pro! Reach out to people in the finance and insurance sectors, especially those who work with escrow accounts. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your Excel skills and understanding of reconciliations. We all know that being able to talk confidently about your experience with financial data can really set you apart from the competition.
✨Tip Number 3
Don’t forget to showcase your communication skills! Whether it’s through a phone call or face-to-face meeting, being able to articulate your thoughts clearly will impress potential employers, especially in a role that involves liaising with TPA Brokers.
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect with us directly.
We think you need these skills to ace Finance Technician...
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Finance Technician role. Highlight your experience with reconciliations, Excel proficiency, and any relevant qualifications like AAT or part-qualified accountant status. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Don’t forget to mention your attention to detail and ability to meet tight deadlines – these are key for us!
Showcase Your Communication Skills: Since good communication is essential for this role, make sure to demonstrate your written and oral skills in your application. Whether it's through your CV, cover letter, or any additional documents, let us see how you can effectively communicate with colleagues and clients.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Avencia Consulting
✨Know Your Numbers
Brush up on your Excel skills and be ready to discuss how you've used it in past roles, especially for reconciliations. Be prepared to explain any specific formulas or functions you’ve used to manage data effectively.
✨Understand the Industry
Familiarise yourself with insurance terminology and the role of escrow accounts. Showing that you understand the nuances of the industry will impress interviewers and demonstrate your commitment to the role.
✨Showcase Your Communication Skills
Prepare examples of how you've effectively communicated with colleagues or clients in previous roles. Highlight your ability to resolve discrepancies and work collaboratively with teams, as this is crucial for the position.
✨Be Ready for Problem-Solving Scenarios
Think of specific instances where you've had to analyse data or solve complex issues under pressure. Be ready to walk through your thought process and the steps you took to reach a solution, as this will showcase your analytical skills.
