Interim Settlement Reconciliation Manager Secondment or 12-month FTC

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General

Job Title: Interim Settlement Reconciliation Manager

Division: Finance Operations

Reports To: Settlement Reconciliation Manager

Location: Birmingham/Dublin

WFH Policy: Flexible Hybrid / 2 days in office per week

Key Relationships: UK Coverholder finance team and finance staff responsible for Beazley Coverholder offices; US finance team, Xchanging Insure Services; Coverholder operations team and external suppliers including Davies (external credit controllers), claims and underwriting assistants, delegated services and internal credit control teams.

Job Summary: The role will require the candidate to be an integral senior member of a team of 5 accountants to ensure that premium and claims bordereaux for Beazley Coverholders or internal service companies are matched to actual cash transactions and matched to general ledger as well as reporting on same.

Key Responsibilities:

• To create efficiencies' by assessing current processes and implementing improvements where required.
• To improve controls around premium and claims settlements and reconciliations.
• Create and manage adequate operational KPI's and KRI's to improve turnaround time, accuracy and reduce exceptions and defects.
• To problem solve when premiums and claims received does not match bordereaux and Agresso.
• 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 Beazley finance staff, operations staff claims assistants and underwriting assistants as applicable to ensure any discrepancies are corrected on a timely basis.
• Liaising with Beazley staff, external providers such as Davies and Xchanging 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

General:

At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley's core values and behaviours - PIED and Being Beazley.

• Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
• Comply with Beazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley's underwriting control standards, Beazley's claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification:

Education and Qualifications

• General accounting knowledge.
• Educated to A level or equivalent.

Knowledge and Experience

• Previous experience of working in a reconciliation role is essential.
• Experience and knowledge of Xchanging processes advantageous, in particular knowledge of premiums and claims processing requirements.
• Ability to work with a team across a number of locations and time-zones.
• Familiar with accounting principles.
• Advanced knowledge of Excel.
• Lean methodology and business process design and automation experience
• AI Experience
• Experience with reconciliation tools such as Autorek

Skills and Abilities

• Advanced knowledge of excel and pivot tables
• Self-motivated, able to work on own initiative and use problem solving skills to proactively resolve issues.
• Ability to work independently.
• 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.
• Ability to communicate, advise and effectively propose operational changes and efficiency to enhance business processes at all levels within the Company.
• Advocate team collaboration, empowerment and change mindset

Aptitude and Disposition

• Outcome focused, self-motivated and enthusiastic.
• Professional approach to successfully interact with finance Coverholder staff as well as Coverholder operations, underwriting assistants and business managers.
• Ability and willingness to roll up sleeves and get involved in details.
• Ability to interact with individuals at all levels of the company.
• Continuous improvement mindset
• Change champion mindset
• Ability to clearly state requirements for automation and improvement

Competencies

• Concern for quality
• Initiative taker and self-starter
• Relationship builder
• High level understanding of the end to end operational processes and what good looks like