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Technical Accountant

  • Location:

    City of London

  • Sector:

    Accountancy & Finance

  • Job type:

    Permanent

  • Salary:

    Negotiable

  • Contact:

    Jamie Doudie

  • Contact email:

    Jamie.Doudie@oliverjames.com

  • Job ref:

    JOB-062024-251652_1719580924

  • Published:

    16 days ago

  • Expiry date:

    2024-07-28

Job Purpose:

To carry out all aspects of insurance credit control for the UK and Ireland branch.

Key Result Areas :

* To support the Financial Controller and the credit control team with technical knowledge, training and in depth team technical tasks.

* Develop knowledge and regularly produce accurate team debt reports (weekly and quarterly)

* Act as team representative within the branch

Technical Accounting Areas :

* Develop the synchronization and collaboration with the key significant brokers to facilitate the timely collection of debt

* Support the Technical accountants within the team to resolve queries and provide in depth knowledge to ensure best practices are met


* To accurately process all cash amounts to the appropriate ledger, having agreed the items with the relevant third party. This includes brokers, co-insurers, reinsurers and other third parties, such as loss adjusters etc.


* To correctly allocate all cash against the respective debt entries on the ledgers and to be able to reconcile any balance due to/from the third party to the third party statements.

* Develop knowledge to promptly and proactively investigate any settlement or accounts queries on the ledgers, liaising with the underwriters, operations technicians and claims teams as appropriate to resolve the queries.

* To issue accurate and timely statements of account to all third parties, as required in order to facilitate prompt settlement of balances.

* To process accurate cash entries/journals onto the appropriate ledgers, in order to ensure up-to-date statement of accounts are maintained . This will include various inter-company accounts as well as those of third parties.

* To operate best practice credit control procedures in order to ensure Terms of Trade are met.

* To proactively participate in topics or other initiatives designed to improve the effectiveness or efficiency of the credit control department.

* To undertake any other tasks as requested by the Financial Controller in order that the team achieve its objectives.

Specific Job Related Skills & Competencies:

* Strong knowledge of insurance and the terminologies used, across all lines of business.

* Good interpersonal skills - comfortable with phone & face to face discussions with customers, underwriters, brokers & other internal technical staff.

* Experience of working with credit control teams & understanding their requirements, a definite advantage.

* Able to organise own workload effectively to meet service standards.

* Deadline focused; able to work under pressure to meet tight deadlines

* Competent user of Excel & Word

* Basic systems knowledge, experience of using various company bespoke systems to extract data

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