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 Lloyd's of London.
* Experience and knowledgeable regarding Velonetic processes and platforms including:
o Lloyd’s Account Enquiry
o IMR Platform
o 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.
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