Reconciliations Accountant - London, United Kingdom - Savant Recruitment

Savant Recruitment

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Reconciliations Accountant | Central London / Hybrid | Specialist Insurance Company | £45,000-£55,000 | 12 month FTC
Reconciliations Accountant for a Specialist Insurance Company paying £45-55,000. This is a hybrid role with three days working from the office in Central London

Your new role:

Create efficiencies' by establishing service level agreements between coverholder operations team, underwriting, claims and coverholder finance staff in local offices to ensure that information is timely and accounted for correctly.
Establish proper processes and reconciliation for a defined book of business as allocated by team members.
Ensure that adequate controls are in place to identify errors in processing or submission by finance or by operations teams.
Provide adequate sign off detailing the reconciliation status on a monthly basis to finance managers.
Ensure premiums and claims have been matched to cash received or paid in bank by liaising with credit controllers and claims assistants.
Liaise with the finance team, operations staff claims assistants and underwriting assistants as applicable to ensure any discrepancies are corrected.
Informing coverholder finance on the monthly status of all service company submissions and discrepancies if any.
Escalate issues as required to ensure internal service levels are met.

What you'll need to succeed

Previous experience of working in a reconciliation role is essential
You will have ideally worked in a financial services business or similar.
Experience and knowledge of Xchanging processes are advantageous, in particular knowledge of premiums and claims processing requirements.
Familiar with accounting principles.
Advanced knowledge of Excel.

What you'll get in return
- "You'll be paid £45-55,000 per annum for the 12 month contract and will work in a hybrid capacity.

**What you need to do now