Assistant Reconciliation Accountant

General

Job Title: Assistant Reconciliation Accountant

Division: Financial Reporting

Key Relationships: Finance team, Lloyd’s of London, Credit Control, Banks, Underwriters, Coverholder Operations and Auditors.

Job Summary: A key role in our finance team, supporting the Reconciliations Manager in monitoring insurance receivables and payables.

Key Responsibilities:

• Day to day monitoring and matching of insurance/reinsurance receipts/payments using Autorek (sub-ledger).
• Reporting and escalation of unmatched transactions outside set tolerance levels to Reconciliations Manger.
• Liaising with underwriters, auditors, credit control, operations teams and/or 3rd parties as appropriate to resolve issues. These relationships will be essential in ensuring success in the role.
• Implementation of corrective action where appropriate, to include posting journals using Agresso (GL Package).
• Assisting in preparation of monthly/quarterly reconciliations and reports on insurance receivable and payable balances for five syndicates.
• Working with Reconciliations Manger to ensure resolution of legacy issues where identified, including implementation of processes, systems and/or controls to prevent reoccurrence.
• Assisting in analytical review of period end insurance receivable and payable balances including close liaison with the corporate reporting team.
• Assist on finance projects as requested by the Reconciliations Manager / Finance Manager.
• Ad Hoc reporting including co-ordination and collection of information to prepare internal reports.
• Support the Finance Manager with other areas of syndicate reporting as required.
• To share ownership of the claims /premium payment process with other team members to ensure all liabilities are settled and reconciled in a timely manner.
• To comply with relevant Beazley procedures and policies.

General

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values – Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.

Personal Specification:

Education and Qualifications

• University degree in finance/ business/ accounting preferred
• Studying towards professional qualification i.e ACCA, CIMA, ACA

Skills and Abilities

• Must be able to work as part of a team
• Computer skills – Excel/MS Office
• Good interpersonal and communication skills
• Proactive , self starter, seeks continuous improvement
• Ability to manage time, meet deadlines and prioritise

Knowledge and Experience

• Knowledge of insurance company accounting is preferred

Aptitude and Disposition

• Self motivated, flexible and enthusiastic
• Professional approach to successfully interact with senior management/colleagues/external suppliers
• Diplomatic

Competencies

• Team work
• Technical competence and expertise
• Accuracy
• Analytical thinking/information seeking
• Speed and quality
• Communication
• Energy
• Integrity
• Flexible

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