Associate Revenue and AP Operations

2 days ago

Chatham, Kent, United Kingdom Lloyd's Full time

Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's – build a braver future with us.

The Role

Reporting to the Manager, Revenue & AP Operations, this role works as part of the Revenue & AP Operations team to provide effective, efficient, and high-class financial services to the Lloyd's Market, branches, and suppliers. The role combines revenue collection, accounts payable, and expense processing, ensuring all relevant controls are maintained and services are delivered accurately and on time

Principal Accountabilities

  • Day-to-day responsibility for recovery of Corporation revenue (£59m) and Lloyd's Market charges (£11bn), including corporate real estate, technology revenue, taxation payments, Part VII transfers, overseas regulated trust funds, and income on behalf of third parties.
  • Liaise directly with the Lloyd's Market, branches, subsidiaries, customers and suppliers regarding receipt and payment of invoices, queries on revenue, and accounts payable processes.
  • Process, recover, and challenge Corporation revenue, including analysis of billing data for accuracy.
  • Manage accounts payable processes, including registering/processing invoices, credit notes, reconciling statements, and ensuring regular payment runs for UK and Overseas are completed as scheduled.
  • Perform monthly reconciliations of balance sheet control accounts and maintain supplier banking details.
  • Maintain and develop the Lloyd's Market Apportionment, Reporting and Collection System (ARCS) and Workday general ledger for both revenue and accounts payable functions.
  • Ensure controls are maintained for accurate, timely, and efficient processing, including authorisation rules and system authorities.
  • Review and update procedure manuals to ensure they are fit for purpose and published as appropriate.
  • Liaise with Trust Fund trustees, overseas reporting teams, and wider Lloyd's Market contacts for regulatory adjustments and reporting.
  • Provide support across other Finance Operations teams as required, including training and assistance to Corporation departments and branches.

Skills

  • Understand business requirements with ability to analyse and generate pragmatic solutions.
  • Organisational skills with the ability to prioritise to meet tight deadlines. Attention to detail.
  • Communication skills, both oral and written.
  • Work independently within agreed procedures and practices.

Diversity and inclusion are a focus for us – Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our

website

.

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.

Should you require any additional support with your application, or any adjustments, please click the following link;

Please note, clicking on this link does not register your application for the vacancy

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