At a Glance
- Tasks: Investigate complex cash and debt queries while ensuring accurate processing of amendments.
- Company: Join Liberty Specialty Markets, a leading global insurer with a vibrant culture.
- Benefits: Enjoy a supportive environment, career development, and a healthy work-life balance.
- Why this job: Make an impact by solving technical accounting issues in a dynamic team.
- Qualifications: Strong attention to detail, good communication skills, and a proactive mindset.
- Other info: Be part of a diverse team supporting over 190 underwriters across various business lines.
The predicted salary is between 36000 - 60000 £ per year.
The Technical Accounting Specialist will investigate complex cash and debt queries that are unresolved due to technical accounting issues. They will also ensure that any amendments to risks written by the Underwriting teams are accurately processed onto our in-house system (GENIUS) in a timely manner to facilitate cash and debt resolution. The ability to effectively communicate with many teams across LSM and prioritise work according to various system close dates, SLAs and KPIs is also a fundamental attribute required to fulfil the role. You will be part of a wider team of over 60 people supporting over 190 underwriters across approximately 30 lines of business.
The Technical Accounting Team support cash and debt activities across all Liberty Mutual Insurance Europe (LMIE) with focus being on the more technical and complex cases. The team have been intentionally set up outside of the underwriting space and form the link between Credit Control and Business Support. We have an offshore team in India who work as an extension of our team, providing the same support.
Key Responsibilities:- Technical analysis of complex risks using slips, endorsements, reports and/or other relevant documentation.
- Thoroughly research policies to identify and correct booking errors or needed adjustments.
- Review multiple data sets daily to assess cash and debt position across multiple lines of business.
- Collaborate regularly with underwriting teams and occasionally Underwriters to better understand Policies.
- Maintain a good working relationship with our offshore team and provide support where required.
- Maintain a high level of attention to detail to meet team quality and ensure targets within team and wider department are met.
- Use multiple systems/market platforms daily to resolve cash and debt issues e.g. IMR, Xchanging, E-accounting, PPL to name a few.
- Liaise with brokers to manage accounts as required.
- Work with a continuous improvement mindset and raise any possibilities for improvement with management.
- Assist team members with administrative or ad-hoc tasks/projects to ensure cash clearance targets are achieved.
- Maintain a high level of confidentiality at all times.
- Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity.
- Some insurance experience within the London/Lloyd’s Market (preferred but not essential).
- Proficient in use of MS Office, in particular Excel.
- Good verbal and written communication skills.
- Comfortable working with numbers and problem-solving, with a keen eye for detail.
- Good organisational and time management skills.
- Experience of working to varying and tight deadlines.
- Ability to work well independently and as part of a team.
- Proactive and can take initiative unprompted.
- Can adapt to change as processes and systems improve.
- Committed to continuous learning and self-development.
Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets. Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through offering a vibrant and inclusive environment and committing to their career development, promoting diversity, equity and inclusion (DEI), and reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
Technical Accounting Specialist employer: Liberty Specialty Markets
Contact Detail:
Liberty Specialty Markets Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Technical Accounting Specialist
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those who work at Liberty Specialty Markets. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical accounting knowledge. Be ready to discuss complex cash and debt queries, as well as how you’d handle them. Show us you know your stuff!
✨Tip Number 3
Don’t forget to showcase your teamwork skills! The Technical Accounting Team thrives on collaboration, so share examples of how you've worked with others to solve problems or improve processes.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're serious about joining our team at Liberty Specialty Markets.
We think you need these skills to ace Technical Accounting Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Technical Accounting Specialist role. Highlight relevant experience, especially in technical accounting and any insurance background you might have. 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 previous experiences make you a great fit. Don’t forget to mention your problem-solving skills and attention to detail, as these are key for us.
Showcase Your Communication Skills: Since you'll be collaborating with various teams, it's important to demonstrate your communication skills in your application. Use clear and concise language, and maybe even share an example of how you've effectively communicated complex information in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at Liberty Specialty Markets
✨Know Your Numbers
As a Technical Accounting Specialist, you'll be dealing with complex cash and debt queries. Brush up on your numerical skills and be prepared to discuss how you've handled similar situations in the past. Use specific examples to demonstrate your problem-solving abilities.
✨Familiarise Yourself with Systems
Get to know the systems mentioned in the job description, like GENIUS, IMR, and E-accounting. If possible, try to find tutorials or resources online to understand how they work. This will show your proactive approach and readiness to hit the ground running.
✨Communicate Effectively
Since the role involves liaising with various teams, practice articulating your thoughts clearly. Prepare to discuss how you’ve successfully collaborated with others in previous roles. Good communication can set you apart from other candidates.
✨Show Your Continuous Improvement Mindset
The company values a continuous improvement mindset. Think of examples where you've identified areas for improvement in your previous roles. Be ready to share these during the interview to highlight your initiative and commitment to growth.