Technical Accountant - City of London, United Kingdom - Avencia Consulting

Avencia Consulting
Avencia Consulting
Verified Company
City of London, United Kingdom

3 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

About us
Avencia are an RPO recruiting on behalf of our client HDI Global Specialty.

HDI Global Specialty (HGS) are a fast growing specialty lines insurer. The HGS portfolio is a EUR 900 million book split across Delegated Authority and Single Risk arrangements. The Delegated Authority portfolio is a EUR 300 million multi-line book splitbetween the UK and US markets. Lines of business include Property, Liability, Cyber, Legal Expenses and Pet insurance.

The Single Risk portfolio is a EUR 600 million multi-line and global book with a strong focus on profitable growth.

Lines of business includeAviation, Bloodstock, Political and Credit Risk, Crisis Management, Profession & Financial lines and many more.

We have are currently recruiting for a Technical Accountant to join our Finance Operations team


The role

  • Ensure the Technical Accounting ledgers accurately reflect insurance transactions (via Xchanging and direct) for premium, claims and cash balances; and that these balances are understood and reconciled
  • Ensure accurate booking of bordereaux for Delegated business
  • Establish strong working relationships with the underwriting, distribution and claims teams to reduce errors from Xchanging and improve their involvement in pursuing overdue debtors
  • Be a centre of excellence on eNora (the Policy Administration) system

Key accountabilities

  • Effectively administer Xchanging error handling across Premium and Claims across all business transacted through the UK
  • Fast comprehension of the financial aspect of slips for all classes of business written by HGS UK
  • Review outstanding EPI pipeline monthly to ensure it is appropriate to hold as a debtor
  • Allocate cash receipts on a timely basis
  • Understand the systems landscape in particular the interface into SAP (General Ledger) from eNora (Policy Admin) and the impact actions taken in eNora will have on the overall financial technical results
  • Drive corrective action where required in the booking process to display the required change in output in the financial results
  • All necessary payments are requested promptly and are properly documented
  • Provision of Dashboards (Xchanging errors / outstanding balances) to Class underwriters monthly and ensure any queries / issues raised are resolved efficiently
  • Issue Notices of Cancellation where required (as agreed with Underwriters)
  • Understanding of binder administration and build processes to effectively administer the booking and settlement of any new binder business
  • Meet IPT and EEA regulatory reporting requirements
  • Strive for continuous process improvements and automation

Skills & experience

  • Insurance industry background, specifically London Market
  • Xchanging knowledge
  • Bordereaux experience would be desired but not essential
  • Strong computer skills (Excel in particular)
  • Strong analytical skills, and financial understanding
  • Ability to work under pressure and to tight deadlines
  • Problem Solving
  • Innovation & Continuous Improvement
  • Collaborative and a team player
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