.Claims Finance Administrator page is loaded## Claims Finance Administratorlocations: Basildon, England, United Kingdomtime type: Full timeposted on: Posted 2 Days Agojob requisition id: R26\_0000001350Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.**Claims Finance Administrator (Insurance)****Department**Claims Finance / Finance**Reporting To**Claims Finance Manager / Claims Finance Business Partner**Job Purpose**The Claims Finance Administrator supports the financial management of insurance claims by ensuring accurate processing, recording, and reporting of claim-related financial transactions. The role plays a key part in maintaining robust financial controls across claims payments, reserves, recoveries, and reinsurance, ensuring compliance with internal policies, delegated authorities, and regulatory requirements.**Key Responsibilities****Claims Financial Processing*** Process and validate claims payments, including indemnity, fees, and expense payments, in accordance with policy terms and delegated authority limits* Ensure accurate posting of claims costs, reserves, and recoveries within claims and finance systems* Monitor payment requests to ensure appropriate approvals, coverage checks, and documentation are in place* Support the processing of salvage and subrogation recoveries**Reserving & Reconciliation*** Assist in the setup, maintenance, and review of claim reserves in line with reserving guidelines* Reconcile claims transactions between claims systems, general ledger, and bordereaux (where applicable)* Investigate and resolve discrepancies in claims balances, suspense accounts, and aged items**Reinsurance & Third Parties*** Support reinsurance recoveries, including excess of loss and quota share arrangements* Assist with the preparation and review of reinsurance bordereaux and statements of account* Liaise with brokers, reinsurers, TPAs, and third-party suppliers to resolve finance-related queries**Month-End & Reporting*** Support month-end and quarter-end close processes, including accruals, journals, and variance analysis* Produce regular claims finance reports, such as paid vs reserved analysis, large loss tracking, and aged recoverables* Provide financial data to support actuarial, underwriting, and management reporting**Controls, Audit & Compliance*** Ensure claims financial activity complies with internal controls, SOX (where applicable), and regulatory requirements (e.g. FCA / PRA)* Assist with internal and external audits by providing supporting documentation and reconciliations* Maintain accurate and auditable claims financial records**Process Improvement & Administration*** Maintain high-quality documentation and data within claims management systems* Identify opportunities to improve claims finance processes, controls, and reporting* Act as a key point of contact for finance-related queries from claims handlers and operational teams**Skills & Experience****Essential*** Experience in a claims finance, insurance operations, or financial administration role* Strong numerical skills with high attention to detail and accuracy* Experience working with claims management systems and financial ledgers* Good knowledge of Microsoft Excel, including basic reconciliations and data analysis* Ability to work effectively in a regulated and deadline-driven environment**Desirable*** Experience in general insurance, London Market, or commercial insurance* Understanding of claims reserving, reinsurance structures, and recoveries* Exposure to actuarial or underwriting data and reporting**Qualifications*** AAT qualification or working towards a professional finance qualification (ACCA, CIMA, or equivalent) desirable* GCSEs (or equivalent) including Maths and English**Personal Attributes*** Detail-oriented, organised, and methodical* Strong communication skills with confidence to challenge and escalate where appropriate* Ability to work collaboratively across claims, finance, underwriting, and actuarial teams* High standards of integrity and confidentiality**Working Arrangements*** Hybrid or office-based working* Flexibility required during month-end, quarter-end, and year-end close processesWe are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.Founded in 1939 as a small, two-partner firm, Brown & Brown (NYSE: BRO) and our team of companies have grown into one of the world’s largest insurance brokerages while staying true to our foundation of trust, resilience and delivering results. With a team that is as connected locally as it is globally, our high-performing, highly collaborative team delivers innovative risk and insurance solutions.We look for individuals who embrace our culture, thrive in a collaborative environment, are driven to grow and succeed and are committed to always doing what is right. With a unique culture built on integrity, superior capabilities and grit, we value teamwork, trust and courage. We think of ourselves as a team, so we have teammates—not employees, and leaders—not managers. Everything we do is about the greater “WE”—never “me.” While diverse in abilities and experience, we are all connected through our core values, a commitment to our local communities and a shared mission—always doing what is best for our customers.
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