Accounts Receivable Analyst - 12 Month FTC

Beazley; Birmingham; On-site; GBP 25,000 - 35,000; Full time

Job summary

A leading company in the insurance sector is seeking an Accounts Receivable Analyst for a 12-month FTC. The role involves managing debt, collections, cash allocation, and building relationships with brokers and internal teams. Ideal candidates should have strong analytical skills and a background in finance or insurance. This position offers a chance to contribute to the credit control function while upholding the company's values of professionalism and integrity.

Qualifications

• General accounting knowledge preferred.
• CICM/AAT/ACCA/CIMA qualifications advantageous.

Responsibilities

• Daily credit control activities including debt collection and cash allocation.
• Supporting cash collection processes and resolving payment issues.
• Monthly reporting and reconciliation activities.

Skills

Time management

Advanced data analysis

Effective communication

Attention to detail

Stakeholder engagement

Education

A level or equivalent

Tools

Excel

FIS GetPaid

GoCardless

Agresso

MyBeazley

Job description

Job Title: Accounts Receivable Analyst - 12 Month FTC

Division: Finance Operations – Credit Control

It is not a prerequisite to have prior experience in credit control. Those working in alternative areas, especially with a background in insurance, are encouraged to apply. Suitable backgrounds include roles such as Underwriting Technician, Analyst, Bordereaux Technician, Underwriting Operations Analyst, Claims Support Technician, Claims Operations Technician, or similar, which transfer well into this role.

Reports To: Assistant Credit Control Manager

Key Relationships: Internal: Underwriting, Claims, Finance, UK & RoW Operations teams, Digital Operations teams, Digital Services Team, IT, Agresso Support, AR Support team, Broker Relations
External: Brokers, 3rd Party service providers, external credit controllers

Job Summary:

Ownership of open debt, collections, and cash allocation including:

1. Daily credit control processing
2. Business partnering with operations underwriting and business teams
3. Managing relationships with brokers, underwriters, and the business
4. Daily data validation, reconciliation, and analysis
5. Monthly processing, controls, and reporting
6. Monthly reconciliations and financial accounting
7. Continuous improvement of the credit control function

General Responsibilities:

• Develop strong relationships with brokers and key stakeholders across the Group
• Uphold Beazley's culture of professionalism, integrity, effectiveness, and a dynamic attitude, fostering teamwork and a positive external brand image
• Comply with Beazley's procedures, policies, and regulations relevant to your role, including relevant training
• Stay updated with developments in underwriting, claims, and customer relationship standards
• Uphold the principle of Treating Customers Fairly and Conduct
• Perform additional responsibilities as directed, including participation in various teams or committees
• Discipline members of staff contravening regulations as per staff handbook

Key Responsibilities:

1. Daily credit control activities including debt collection, cash allocation, and reconciliation
2. Supporting cash collection processes and resolving payment issues
3. Optimizing auto cash allocations and addressing blockers
4. Supporting direct debit collections, rejections, and reconciliation
5. Managing relationships with brokers, underwriters, and internal teams to resolve account queries
6. Providing MI on aged debt and collection patterns
7. System testing and process improvement initiatives
8. Monthly reporting and reconciliation activities
9. Supporting system development and UAT testing

Personal and Professional Qualifications:

• General accounting knowledge preferred
• Educated to A level or equivalent
• CICM/AAT/ACCA/CIMA qualifications advantageous but not essential

Skills and Abilities:

• Time management, deadline orientation, and prioritization skills
• Advanced data analysis and reconciliation skills
• Strong accounting and finance controls expertise
• Effective communication and presentation skills
• Proficiency in underwriting and finance systems, data quality management
• Attention to detail, numeracy, and accuracy
• Excellent stakeholder engagement skills
• Self-motivated and proactive problem solver
• Independent work capability
• Strong computer skills; fluency in French is desirable but not essential

Experience and Knowledge:

• Experience in credit control collections and cash allocations preferred
• Experience with process/system improvements in finance advantageous
• Insurance industry experience, especially Lloyd's or general insurance, preferred
• Knowledge of Xchanging, premiums, and claims processing advantageous
• Familiarity with relevant accounting principles and systems such as Excel, FIS GetPaid, GoCardless, Agresso, MyBeazley

Disposition and Competencies:

• Outcome-focused, enthusiastic, professional
• Strong relationship builder and communicator
• Detail-oriented, proactive, and adaptable to change
• Able to interact effectively at all levels within the organization