At a Glance
- Tasks: Manage accounts, reduce debt, and improve processes in a dynamic finance environment.
- Company: Join a leading insurance firm with a strong focus on teamwork and innovation.
- Benefits: Competitive salary, professional development, and a supportive work culture.
- Other info: Opportunity for career growth in a collaborative and engaging workplace.
- Why this job: Make a real impact in finance while building valuable relationships and skills.
- Qualifications: Experience in credit control and knowledge of insurance processes required.
The predicted salary is between 36000 - 60000 £ per year.
Division: Finance
Reports To: Open Market Senior Credit Control Manager
Key Relationships:
- Internal: Underwriting, Claims, Finance and Operations Teams
- External: Davies Group, Brokers
Key Responsibilities & Job Summary:
- Account management of the Open Market ledger.
- Reduction of debt on the Open Market ledger.
- Progress the Escalation/Notice of Cancellation process.
- Analysis of risks at Velonetic and progress resolution.
- Strong liaison with internal and external stakeholders.
- Active management of internal and external queries.
- Assist in managing the current debt along with backlog of legacy debt.
- Assist in driving process improvement.
- Assist in the development of the department, creating a high level of trust and respect within the business.
- Maximise our cash flow through the resolution of queries and the maintenance of strong relationships.
- Analyse and report on various projects within the scope of Open Market debt.
- Create awareness within the business to prevent the renewal of premiums and issue of claims against unpaid premiums.
- Identify the issues which prevent signings and progress movement internally.
- Liaise with Davies and support the pro-active and swift collection of payments.
- Preparation of any reporting requirements for the Open Market Senior Credit Control Manager.
- Ensure that appropriate standards are complied with.
- Use business knowledge and understanding of credit control processes to propose improvements and enhancements as appropriate.
- Support new functionality User Acceptance Testing (UAT) as required.
General:
- Develop meaningful and strong working relationships with Business Partners, Brokers and key stakeholders across the Group.
- Adopt the Beazley culture of being Bold, Striving for Better, Doing the Right Thing.
- Contribute to building an internal environment of teamwork that promotes a positive brand image to our external customers.
- Ensure that you uphold the Beazley principle of Treating Customers Fairly and Conduct.
Personal Specification:
Essential Criteria:
- Experience and knowledge of insurance processes essential.
- Credit Control/collection experience in the London Insurance Markets essential.
- Experienced and knowledgeable regarding Lloyd's of London.
- Experience and knowledgeable regarding Velonetic processes and platforms including: Lloyd’s Account Enquiry, IMR Platform, Tracker.
Education and Qualifications:
- Educated to minimum A level or equivalent.
- CICM level 3 qualification advantageous.
- CII level 3 qualification advantageous.
Skills and Abilities:
- Accurate and numerate.
- Strong Excel and reconciliation skills.
- Meticulous, analytical, strong attention to detail.
- Able to handle large amounts of data whilst maintaining accuracy and quality.
- The ability to manage time, meet deadlines and prioritise.
- Strong communicator, able to communicate effectively both verbally and in writing with internal and external stakeholders.
- Self-motivated, able to work on own initiative and use problem solving skills to proactively resolve issues.
- Ability to work independently.
- Familiar with Blueprint Two Digital Platform concept.
- Familiar with accounting principles.
- Advanced knowledge of Excel.
- Computer skills – good working knowledge of MS Office service suite.
Aptitude and Disposition:
- Outcome focused; self-motivated and enthusiastic.
- Professional approach to successfully interact with internal service company teams (underwriters, underwriting assistants, business managers and finance) as well as external contacts, in particular brokers and partners.
- Ability and willingness to roll up sleeves and get involved in detail.
- Ability to interact with individuals at all levels of the company.
- Investigative nature and problem solver.
Accounts Receivable Analyst - Open Markets - 12 Month FTC in Birmingham employer: Beazley
At Beazley, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London’s insurance market. Our culture fosters collaboration and innovation, providing employees with ample opportunities for professional growth and development while maintaining a strong focus on teamwork and customer satisfaction. Join us to be part of a forward-thinking team that values integrity, excellence, and the pursuit of better solutions in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Accounts Receivable Analyst - Open Markets - 12 Month FTC in Birmingham
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who know about credit control and accounts receivable. A friendly chat can lead to insider info on job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd's of London and Velonetic processes. We want you to show off your expertise and how it aligns with the role. Practice common interview questions and think about how your experience fits the job description.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in their minds. Mention something specific from your conversation to show you were engaged and are genuinely interested in the position.
✨Tip Number 4
Apply through our website for the best chance at landing the job. It shows you're serious and gives us a direct line to your application. Plus, we love seeing candidates who take that extra step!
We think you need these skills to ace Accounts Receivable Analyst - Open Markets - 12 Month FTC in Birmingham
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the job description. Highlight your experience in credit control and insurance processes, especially if you've worked with Lloyd's of London or Velonetic before. 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 the perfect fit for the Accounts Receivable Analyst role. Share specific examples of how you've managed accounts and improved processes in the past. We love a good story that showcases your skills!
Show Off Your Analytical Skills:Since this role involves a lot of data analysis, make sure to mention your strong Excel skills and any experience you have with data reconciliation. We’re keen on candidates who can handle large amounts of data while keeping everything accurate and organised.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy to do!
How to prepare for a job interview at Beazley
✨Know Your Numbers
As an Accounts Receivable Analyst, you'll be dealing with a lot of data. Brush up on your Excel skills and be ready to discuss how you've used them in past roles. Prepare examples of how you've managed large datasets and maintained accuracy under pressure.
✨Understand the Insurance Landscape
Familiarise yourself with insurance processes, especially within the London Insurance Markets. Be prepared to talk about your experience with Lloyd's of London and Velonetic platforms. Showing that you understand these systems will demonstrate your readiness for the role.
✨Build Relationships
This role requires strong communication with both internal teams and external stakeholders. Think of examples where you've successfully built relationships or resolved conflicts. Highlight your ability to liaise effectively with brokers and partners to maximise cash flow.
✨Show Your Problem-Solving Skills
The job involves managing queries and resolving issues proactively. Prepare to discuss specific challenges you've faced in credit control and how you approached them. Emphasise your investigative nature and how you’ve contributed to process improvements in previous roles.
