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- Tasks: Ensure accuracy and efficiency in financial operations for insurance and premium finance.
- Company: Join the UK's largest employee-owned business, home to John Lewis and Waitrose.
- Benefits: Competitive salary up to £70,000, hybrid working, and a supportive work environment.
- Why this job: Make a real impact in a dynamic insurance broker environment while growing your career.
- Qualifications: Experience in financial operations or accounting, strong analytical skills, and attention to detail.
- Other info: Flexible working options and a culture that embraces diversity and personal growth.
The predicted salary is between 43200 - 58800 £ per year.
The Commercial Finance Operations Senior Analyst will play a critical role in ensuring the accuracy, integrity, and efficiency of financial operations across the company's insurer, premium finance house and ancillary provider relationships. Working within a dynamic insurance broker environment (personal lines – car and home insurance), this role will support end-to-end reconciliation, investigation, and settlement of insurer returns and payments, as well as supporting financial control and operational governance activities. The role will be responsible for reviewing and approving that the transactions on the IRR are accurate before seeking senior Insurance approval before payment is made to Insurers and Add On providers. This position requires strong analytical skills, excellent attention to detail, and an ability to understand complex reconciliations, data flows, and stakeholder communications across finance, operations, commercial and external partners.
Salary - up to £70,000 depending on experience
Contract type - Permanent
Working pattern/flexible working - The Partnership has adopted a hybrid working approach, meaning you'll be able to work a mixture between the office and home based upon your personal needs whilst balancing the needs of the business. The team meets in the office 2 days a month in the office to connect.
Key responsibilities- Support end-to-end insurer, premium finance, ancillary providers reconciliations, including generation, validation, and investigation of IRRs and related reports.
- Lead reconciliations of the transactions on the IRR and provide assurance to Senior Insurance Management to enable them to authorise insurer payments, ensuring accurate settlement, documentation, and delivery.
- Support core financial reconciliations and resolve any rejections or variances.
- Manage queries and escalations from insurers, Hood Group, and internal stakeholders, maintaining strong service and communication standards.
- Oversee exception handling, write-offs, and policy balance adjustments to ensure financial integrity.
- Complete all tasks in a timely and efficient manner as per the timelines of the business requirements.
- Extensive proven experience in financial operations, reconciliations, or accounting within an insurance or financial services business, ideally within a broker environment.
- CDL Strata experience with an understanding of the accounts screens and application.
- Strong analytical and problem-solving skills with proven ability to investigate and resolve discrepancies.
- Excellent communication and stakeholder management skills across finance, operations, commercial and external partners.
- High attention to detail, with strong organisational and time management abilities to meet deadlines.
Important points to note:
- It's important to note that some of our roles are subject to pre-employment vetting (which may include DBS checks for successful candidates). If required, you'll be informed and provided with information about vetting during the recruitment process and we encourage you to complete any vetting documents quickly to avoid delays. Any DBS checks required will be carried out by a third-party registered body and financial probity checks may also be required for some of our roles.
- We occasionally close vacancies early in the event we receive a high volume of applications, and therefore, we recommend you apply early. If you require a reasonable adjustment due to a disability which means you may need longer to complete your application please contact us as soon as possible.
- We want all of our Partners to have a good work-life balance and we support flexible working. This might mean flexible or compressed hours, job sharing or shorter hour contracts, where possible. Please discuss this further with the hiring manager during your interview.
Commercial Finance Operations Analyst, Insurance in London employer: John Lewis & Partners
Contact Detail:
John Lewis & Partners Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Finance Operations Analyst, Insurance in London
✨Tip Number 1
Network like a pro! Reach out to people in the insurance and finance sectors, especially those who work at companies you're interested in. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by practising common questions related to financial operations and reconciliations. Use the STAR method (Situation, Task, Action, Result) to structure your answers and showcase your analytical skills effectively.
✨Tip Number 3
Showcase your attention to detail during interviews. Bring examples of how you've successfully managed complex reconciliations or resolved discrepancies in past roles. This will demonstrate your fit for the Commercial Finance Operations Analyst position.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in being part of our team and contributing to our mission.
We think you need these skills to ace Commercial Finance Operations Analyst, Insurance in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Commercial Finance Operations Analyst. Highlight your experience in financial operations and reconciliations, especially within an insurance or financial services context. We want to see how your skills align with 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 perfect fit. Don’t forget to mention your analytical skills and attention to detail, as these are key for us.
Showcase Your Communication Skills: Since this role involves stakeholder management, make sure to highlight your communication skills in your application. We love candidates who can effectively communicate across different teams, so share examples of how you've done this in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother 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 John Lewis & Partners
✨Know Your Numbers
As a Commercial Finance Operations Analyst, you'll need to demonstrate your analytical skills. Brush up on financial operations and reconciliations relevant to the insurance sector. Be prepared to discuss specific examples of how you've handled complex data flows or resolved discrepancies in past roles.
✨Master the IRR Process
Familiarise yourself with the Insurer Return Reports (IRRs) and their significance in the reconciliation process. During the interview, be ready to explain how you would ensure the accuracy of transactions on the IRR before seeking senior approval for payments. This shows you understand the critical nature of the role.
✨Communicate Like a Pro
Strong communication skills are essential for this position. Practice articulating your thoughts clearly and confidently. Think about how you would manage queries from insurers or internal stakeholders, and be ready to share examples of how you've maintained strong service standards in previous roles.
✨Show Your Attention to Detail
In finance, the devil is in the details! Prepare to discuss how you ensure accuracy in your work. Bring examples of how your attention to detail has helped you catch errors or improve processes in your previous positions. This will highlight your fit for the role and the importance of financial integrity.