IBA Reconciliation Technician
London, United Kingdom
002558
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
Schedule
Full Time Permanent
Job type
Experienced Professional
Workplace
Hybrid
Your Responsibilities
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.
The ideal applicant should 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 will consist 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.
Qualifications
The ideal candidate will have the following 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 communicate effectively and professionally both verbally and in writing.
- Ability to identify opportunities for business development
- 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.
- Effective delegation as appropriate.
- Excellent presentation skills in both preparation and execution.
- Knowledge of the resources available within Lockton and how to source such services.
- Personal presence to interface with management of other businesses, insurers and other third party providers, representing Lockton in the highest professional manner.
- Good understanding of Human Resource policies and procedures and ability to implement and/or know when to escalate.
- Ability to compile, analyse and interpret financial information and data to facilitate decision making.
- Ability to make decisions in compliance with established Lockton standards of quality performance and service.
- Shows a flexible approach to change.
- Ability to achieve set individual and team goals and objectives.
- Adopts right first-time approach.
- Professional and tactful negotiation and persuasion skills to achieve objectives.
- Work in support of other team colleagues.
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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