Accounts Receivable Analyst - Open Markets - 12 Month FTC
Posted 3 days ago by Beazley
Negotiable
Undetermined
Undetermined
Birmingham, England, United Kingdom
Summary: The Accounts Receivables Analyst for the Open Market Division within the Finance team is responsible for managing the Open Market ledger, reducing debt, and ensuring effective communication with internal and external stakeholders. The role involves analyzing risks, driving process improvements, and maximizing cash flow through strong relationships. The analyst will also assist in managing queries and reporting requirements while upholding company principles. This position requires a solid understanding of insurance processes and credit control within the London Insurance Markets.
Key Responsibilities:
- 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 cash flow through resolution of queries and maintenance of strong relationships.
- Analyse and report on various projects within the scope of Open Market debt.
- Create awareness within the business to prevent renewal of premiums and issue of claims against unpaid premiums.
- Identify issues preventing signings and progress movement internally.
- Liaise with Davies and support pro-active and swift collection of payments.
- Preparation of reporting requirements for the Open Market Senior Credit Control Manager.
- Ensure compliance with appropriate standards.
- Propose improvements and enhancements to credit control processes.
- Support new functionality User Acceptance Testing (UAT) as required.
- Develop meaningful working relationships with Business Partners, Brokers, and key stakeholders.
- Contribute to a positive brand image and teamwork environment.
- Uphold the Beazley principle of Treating Customers Fairly and Conduct.
Key Skills:
- Experience and knowledge of insurance processes.
- Credit Control/collection experience in the London Insurance Markets.
- Knowledgeable regarding Lloyds of London.
- Experience with Velonetic processes and platforms.
- Educated to minimum A level or equivalent.
- CICM level 3 qualification advantageous.
- CII level 3 qualification advantageous.
- Accurate and numerate with strong Excel and reconciliation skills.
- Meticulous, analytical, and strong attention to detail.
- Able to handle large amounts of data while maintaining accuracy.
- Strong communicator, both verbally and in writing.
- Self-motivated and able to work independently.
- Familiar with Blueprint Two Digital Platform concept.
- Good working knowledge of MS Office service suite.
- Outcome focused, self-motivated, and enthusiastic.
- Professional approach to interact with internal and external contacts.
- Investigative nature and problem solver.
Salary (Rate): undetermined
City: Birmingham
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
General Job Title: Accounts Receivables Analyst – Open Market
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 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 Lloyds 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.