Assistant Reconciliations Accountant

2 weeks ago


City of London, United Kingdom IPS Group Full time

Assistant Reconciliation Accountant required by a leading Lloyd's Syndicate.
This is a unique opportunity to fine tune your reporting skills within a supporting and nurturing environment.
The purpose of this role will be to support the Reconciliations Manager in monitoring and reporting on insurance payables and receivables, whilst developing key relationships with the wider finance function Lloyd's of London, Credit Control, Banks, Underwriters,Coverholder Operations and Auditors.
**Key Responsibilities**
- Day to day monitoring and matching of insurance/reinsurance receipts/payments using Autorek (sub-ledger).
- Reporting and escalation of unmatched transactions outside set tolerance levels to Reconciliations Manger.
- Liaising with underwriters, auditors, credit control, operations teams and/or 3 rd parties as appropriate to resolve issues. These relationships will be essential in ensuring success in the role.
- Implementation of corrective action where appropriate, to include posting journals using Agresso (GL Package).
- Assisting in preparation of monthly/quarterly reconciliations and reports on insurance receivable and payable balances for five syndicates.
- Working with Reconciliations Manger to ensure resolution of legacy issues where identified, including implementation of processes, systems and/or controls to prevent reoccurrence.
- Assisting in analytical review of period end insurance receivable and payable balances including close liaison with the corporate reporting team.
- Assist on finance projects as requested by the Reconciliations Manager / Finance Manager.
- Ad Hoc reporting including co-ordination and collection of information to prepare internal reports.
- Support the Finance Manager with other areas of syndicate reporting as required.
- To share ownership of the claims /premium payment process with other team members to ensure all liabilities are settled and reconciled in a timely manner.



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