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For Companies At a Glance
- Tasks: Investigate and allocate cash receipts while collaborating with brokers and insurance partners.
- Company: Join Tokio Marine HCC, a leading global specialty insurer with a dynamic culture.
- Benefits: Competitive salary, employee benefits, and opportunities for professional growth.
- Why this job: Make a real impact in finance while working in a fast-paced, innovative environment.
- Qualifications: Experience in finance communication and understanding of insurance processes preferred.
- Other info: Be part of a rapidly growing team with excellent career advancement opportunities.
The predicted salary is between 30000 - 42000 £ per year.
Overview
Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose
To support the Finance function in reducing aged unallocated remittances identified through Internal Audit review. The role will focus on investigating, reconciling and allocating high-volume, multi-currency cash receipts, including direct engagement with policyholders, brokers, insurance counterparties and other departments to obtain missing remittance information and supporting documentation.
Key Responsibilities
- Review and investigate aged unallocated cash balances (60/90+ days)
- Analyse remittance advice and broker statements to determine correct allocation
- Proactively contact brokers and insurance companies to obtain outstanding remittance advices and clarification of payment details
- Follow up on unidentified or partially allocated receipts to ensure timely resolution
- Post and allocate underwriting and claims cash within core systems (e.g. XLPRO / SBS / Genius)
- Liaise internally with Credit Control, Underwriting, Claims and Treasury to resolve allocation queries
- Escalate complex or technical items appropriately
- Maintain a clear audit trail and documentation for all allocations and broker communications
- Produce regular ageing analysis and progress reporting on backlog reduction
- Support month-end close activities where required
Essential Skills and Experience Specification:
- Experience communicating directly with brokers or insurance counterparties to resolve payment queries
Desirable
- Previous experience in London Market insurance finance environment
- Experience working in underwriting and claims cash processes
- Experience clearing legacy or aged debt backlog
- Understanding of broker bordereaux and remittance structures
- Experience supporting audit remediation or control improvement initiatives
What We Offer
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer.
Cash Allocation Analyst (6 month FTC) employer: Tokio Marine HCC International
Contact Detail:
Tokio Marine HCC International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cash Allocation Analyst (6 month FTC)
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those who work at Tokio Marine HCC. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by researching common questions for cash allocation roles. We recommend practising your answers with a friend or in front of the mirror to boost your confidence.
✨Tip Number 3
Showcase your skills during the interview! Be ready to discuss your experience with aged unallocated cash balances and how you've resolved similar issues in the past. Real-life examples will make you stand out.
✨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 joining the Tokio Marine HCC team.
We think you need these skills to ace Cash Allocation Analyst (6 month FTC)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the Cash Allocation Analyst role. Highlight any relevant experience you have in finance, especially with cash allocation and communication with brokers. 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 interested in this role at Tokio Marine HCC and how your background makes you a great fit. Keep it concise but engaging – we love a bit of personality!
Showcase Your Analytical Skills: Since this role involves investigating and reconciling cash receipts, make sure to highlight any analytical skills or experiences you've had. We want to know how you approach problem-solving and your ability to handle high-volume tasks.
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about who we are and what we do!
How to prepare for a job interview at Tokio Marine HCC International
✨Know Your Numbers
As a Cash Allocation Analyst, you'll be dealing with high-volume, multi-currency cash receipts. Brush up on your financial terminology and be ready to discuss how you would approach reconciling aged unallocated cash balances. Show them you understand the importance of accuracy in this role!
✨Demonstrate Communication Skills
You'll need to engage directly with brokers and insurance counterparties, so practice articulating how you've successfully resolved payment queries in the past. Be prepared to share specific examples that highlight your ability to communicate effectively and maintain strong relationships.
✨Familiarise Yourself with Systems
Get to know the core systems mentioned in the job description, like XLPRO, SBS, or Genius. If you have experience with similar software, mention it! Showing that you're tech-savvy and can adapt quickly will give you an edge.
✨Prepare for Scenario Questions
Expect questions about how you'd handle complex allocation queries or follow up on unidentified receipts. Think through potential scenarios and how you would approach them. This will demonstrate your problem-solving skills and proactive mindset, which are crucial for this role.