Client Funds Administrator - London, United Kingdom - Charles Taylor

Charles Taylor
Charles Taylor
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Overview:


Reference
667907


Salary
£/annum + Benefits


Job Location:


  • United Kingdom
  • England
  • Greater London
  • London

Job Type
Permanent


Posted
23 November 2023


Background:


Charles Taylor is a global provider of professional services and technology solutions dedicated to enabling the global insurance market to do its business fundamentally better.

Dating back to 1884, Charles Taylor now is currently in more than 120 locations spread across 30 countries in Europe, the Americas, Asia Pacific, the Middle East and Africa.


Charles Taylor believes that it holds a distinctive position in its markets in that it is able to provide professional services and technology solutions in order to support every stage of the insurance lifecycle and every aspect of the insurance operating model.

Charles Taylor serves a diversified blue-chip international customer base that includes national and international insurance companies, mutuals, captives, MGAs, Lloyd's syndicates and reinsurers, along with brokers, distributors and corporate insureds.

Charles Taylor has three distinct business areas - Claims Services, InsureTech and Insurance Management.

Charles Taylor was recently acquired by an investment company managed and controlled by Lovell Minnick Partners LLC.

Lovell Minnick is a US Private Equity firm that invests in the global financial services industry, including related technology and business services companies, with a focus on helping to build long term value for clients, employees and shareholders.

The acquisition will support the continuation of Charles Taylor's successful growth strategy, with a focus on expanding client relationships, broadening specialist capabilities and the range of services and technology solutions, deepening geographic coverage, and reinvesting in quality of service and technology.


The Role:


A key requirement of the role is to work at the direction of the Client Funds Manager and build effective working relationships with the global Charles Taylor Claims Solutions team, Treasury and Finance functions and external business parties including brokers, insurers and clients.

This would be hybrid working with 3-4 days in the office and rest from home.


Key Responsibilities:

The Client Funds Administrator will act at the direction of the Client Funds Manager with responsibilities including:

  • Supporting the administration of Charles Taylor client funds on a global basis for multiple lines of business including Aviation and Marine.
  • Establishing and maintaining strong working relationships with Charles Taylor Claims Adjusters, brokers, insurers and payees;
  • Administering client funds;
  • Maintaining a register of client funds including client participation and entitlement to interest payments;
  • Sourcing internal and external documentation to ensure all agreements are in place to allow client funds to be paid out.
  • Completing sanctions screening and other associated checks as required by Charles Taylor policy;
  • Maintaining a ledger of client fund activity, which includes contributions to the fund, allocations, accrued quarterly interest and details of transfers and payments from accounts;
  • Working with Charles Taylor Claims Adjusters to respond to ad hoc client fund related queries;
  • Supporting the Finance team as required;
  • Undertaking any ad hoc or additional tasks as directed by Charles Taylor management.
  • Demonstrate and champion Charles Taylor Values by ensuring Agility, Integrity, Care, and Accountability and Collaboration.

Required Skills:


  • GCSE Maths and English (Grades A-C)
  • Essential.
  • Strong IT skills including Microsoft Excel, Outlook, Teams etc. Essential.
  • Personable with an ability to build strong relationships with people, both internally and externally.
  • Strong communication skills and able to
  • Have strong written and verbal communication skills with a good telephone manner.
  • Accuracy, numeracy and attention to detail.
  • Strong organisational skills, ability to prioritise and work to tight deadlines
  • Team player with a cando attitude, but also able to work independently without supervision.
  • Results orientated individual who takes pride in the performance of the team and delivering high quality outcomes.

Why join Charles Taylor?:


We are very proud of the fact that nine out of ten of our people recommend Charles Taylor as a place to work.

We pride ourselves on having a positive work environment where our people are empowered to make the best decisions and where learning is valued highly and shared across our business.

We are very committed to ensuring our people are given continuous learning and development.

As well as structured induction programmes and job training, we provide study support for relevant professional qualifications and have a Core Learning & Development Curriculum.

Charles Taylor is a fun and inclusive place to work where people are truly valued and encouraged to enjoy a host of social an
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