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Technical Accountant

Job LocationCity of London
EducationNot Mentioned
SalarySalary not specified
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

Technical AccountantCity of LondonTo carry out all aspects of insurance credit control for the UK and Ireland branch.Key Result Areas :* To support the Financial Controller and the credit control team with technical knowledge, training and in depth team technical tasks.* Develop knowledge and regularly produce accurate team debt reports (weekly and quarterly).* Act as team representative within the branch.Technical Accounting Areas :* Develop the synchronization and collaboration with the key significant brokers to facilitate the timely collection of debt.* Support the Technical accountants within the team to resolve queries and provide in depth knowledge to ensure best practices are met.* To accurately process all cash amounts to the appropriate ledger, having agreed the items with the relevant third party. This includes brokers, co-insurers, reinsurers and other third parties, such as loss adjusters etc.* To correctly allocate all cash against the respective debt entries on the ledgers and to be able to reconcile any balance due to/from the third party to the third party statements.* Develop knowledge to promptly and proactively investigate any settlement or accounts queries on the ledgers, liaising with the underwriters, operations technicians and claims teams as appropriate to resolve the queries.* To issue accurate and timely statements of account to all third parties, as required in order to facilitate prompt settlement of balances.* To process accurate cash entries/journals onto the appropriate ledgers, in order to ensure up-to-date statement of accounts are maintained . This will include various inter-company accounts as well as those of third parties.* To operate best practice credit control procedures in order to ensure Terms of Trade are met.* To proactively participate in topics or other initiatives designed to improve the effectiveness or efficiency of the credit control department.* To undertake any other tasks as requested by the Financial Controller in order that the team achieve its objectives.Specific Job Related Skills & Competencies:* Strong knowledge of insurance and the terminologies used, across all lines of business.* Good interpersonal skills - comfortable with phone & face to face discussions with customers, underwriters, brokers & other internal technical staff.* Experience of working with credit control teams & understanding their requirements, a definite advantage.* Able to organise own workload effectively to meet service standards.* Deadline focused; able to work under pressure to meet tight deadlines.* Competent user of Excel & Word.* Basic systems knowledge, experience of using various company bespoke systems to extract data.Required skills

  • accountant
  • credit control
  • controller

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