United Kingdom Job Openings
Lockton, Inc.
IBA Reconciliations Technician
London
FULL TIME
August 28, 2024
General information
Reference
003122Vacancy location
Location
United Kingdom, London, LondonWork Place
HybridRegion
UKVacancy details
Job Profile
Lockton - Experienced ProfessionalTitle
IBA Reconciliations TechnicianDescription
A vacancy has arisen for an experienced reconciliations technician within our expanding IBA Team. The role is working with a small team in our London office handling accounts for our Transportation Division.
Candidate Profile
Key competencies:-
- A good understanding of the general and legal principles applicable to Insurance including FCA client money rules.
- A working knowledge of the computer desktop software provided by Lockton including Microsoft office products.
- Analytical and problem-solving skills, including research and investigation.
- Ability to build and maintain good business relationships with Clients, Insurers and other associates.
- Ability to manage time, prioritise and ensure that deadlines are met without compromising quality.
- Advanced working knowledge of spreadsheet applications and formula calculations.
- An understanding of Lockton cash collection/payment processes including but not limited to general insurance accounting and client invoicing.
- Analytical and problem-solving skills, including research and investigation.
- Personal presence to interface with management of other businesses, insurers and other third party providers, representing Lockton in the highest professional manner.
- Ability to compile, analyse and interpret financial information and data to facilitate decision making.
- Professional and tactful negotiation and persuasion skills to achieve objectives.
About The Position
We will need you to have a good working knowledge of the Insurance Market and have experience in handling complex accounts. Experience of Marine, Aviation and/or Specie accounts would be an asset.
Working with Brokasure Enterprise / Enterprise Risk would also be beneficial.
The Role consists of:-
- Monthly review of Aged Debt reports, chasing for due items and arranging settlement of held balances.
- Reconciliation of Client/Underwriter statements.
- Daily allocation of cash received.
- Daily monitoring of Cash, held balances and funding.
- Preparation of Statements.
- Liaising with Clients/Underwriters & Business units for timely resolution of queries.
- Preparing information for and attending credit control meetings.
- Maintenance of tracking systems and reports.
- Comply with internal procedures and external regulatory requirements and escalate issues to senior management.
- Provide cover to other team members and ad hoc duties when requested by management.
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