Delegated Authority Technical Accountant

HDI; London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading insurance company seeks a Delegated Authority Technical Accountant to handle insurance technical accounting for their UK business. The role involves cash processing, reconciliation, and collaborating with various teams to improve efficiency. Ideal candidates will have robust knowledge of Delegated Authority insurance, excellent communication skills, and a strong analytical mindset, contributing to a dynamic and inclusive workplace environment.

Qualifications

• Strong understanding of Delegated Authority insurance across all lines.
• Experience with credit control teams is an advantage.
• Ability to work independently and as part of a team.

Responsibilities

• Participate in quarterly closing processes and projects.
• Communicate with brokers for timely debt collection.
• Manage claims loss funds and perform monthly reconciliations.

Skills

Delegated Authority insurance knowledge

Interpersonal skills

Analytical thinking

Flexibility

Teamwork ability

MS Office proficiency

Problem solving

Credit control understanding

Organizational skills

Deadline focused

Tools

MS Office Suite

Xchanging

Job description

Delegated Authority Technical Accountant

https://hdicareers.azurewebsites.net/Careers_Portal/JobDetail?postingtargetID=14972

About us

HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.

The role

To carry out all aspects of insurance technical accounting for the HDI Global UK Ltd delegated authority business.

Key accountabilities

• Participation in the quarterly closing process
• Collaborating on cross-departmental projects
• Communicate with brokers to facilitate the timely collection of debt
• To accurately process all cash amounts to the appropriate ledger (Via Xchanging & direct), 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 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.
• Responsible for managing claims loss funds, including arranging initial loss fund payment and monitoring usage. Review all TPA loss fund change requests and provide supporting accounting information where required.
• To perform monthly reconciliations of premium and claims bordereaux.
• To process payments and cash settlements for claims fund top-ups, invoices, emergency top ups, cash calls etc.
• Perform technical bookings for premium and claims including funds, cash calls, invoices, and reserves.

Skills & experience

• Strong knowledge of Delegated Authority 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.
• Strong numerical understanding and analytical thinking skills
• High flexibility and teamwork ability, along with a responsible, conscientious, and independent working style
• Proficient in using the MS Office Suite, especially Excel
• Curious and confident with problem solving
• Experience of working with credit control teams & understanding their requirements
• Able to organise own workload effectively to meet service standards.
• Deadline focused; able to work under pressure to meet tight deadlines
• A good working knowledge and experience of working with Xchanging and London market / subscription market

Other

As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.

If you require support with your application, please contact UK&[e-mail]