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Settlement Reconciliations Manager 12 MFTC

Job LocationBirmingham
EducationNot Mentioned
Salary70,000 - 75,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent , full-time

Job Description

My client, a large global insurance organisation, based in Birmingham, is recruiting for a Settlement Reconciliations Manager. You will be managing a team of 5 accountants to ensure that premium and claims bordereaux for the organisations coverholders, orinternal service companies are matched to actual cash transactions and matched to the organisations general ledger.Settlement Reconciliations Manager Key Responsibilities:

  • To assess current processes and implement improvements where required
  • To improve controls around premium and claims settlements and reconciliations
  • To problem solve when premiums and claims received does not match bordereaux and Agresso
  • To reconcile and resolve historic transactions that do not match
  • To ensure that all areas of premium and claims are adequately managed by the team and monthly sign offs are prepared, reviewed and signed off
  • To ensure that quarterly balance sheet reconciliations are prepared, reviewed and signed off by the team
  • To liaise with the organisations finance staff, operations staff claims assistants and underwriting assistants as applicable to ensure any discrepancies are corrected on a timely basis
  • Liaising with the organisations staff, external providers to ensure that credit control processes operate smoothly, efficiently and in line with internal service level
  • Escalate issues as required to ensure internal service levels are met
  • Create user manuals and adhoc documentation on coverholder processes
  • Other Adhoc duties when required
Settlement Reconciliations Manager Key Skills:
  • Accurate and numerate
  • 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.
Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates

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