Loss Fund Manager

Kennedys; Chelmsford; Hybrid; GBP 45,000 - 60,000; Full time

Job summary

Kennedys seeks a Client Loss Fund Manager for their Finance Team in Chelmsford. This hybrid role involves managing client loss funds, improving accounting practices, and collaborating with internal stakeholders. Join a leading law firm that values diversity and professional development.

Qualifications

• Experience in finance or insurance.
• Strong Excel and financial reporting skills.

Responsibilities

• Liaising with internal stakeholders for process improvements.
• Client loss fund management and account reconciliation.
• Assisting with client billing and cash collections.

Skills

Finance

Insurance

Excel

Financial Reporting

Job description

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Role (Advert ONLY)

Kennedys is looking for an Client Loss Fund Manager to join our Finance Team.

The successful candidate will report into our Cashiering & Accounts Payable Manager but will have key stakeholders within our Claims Management function and other fee earning teams based on the loss funds under their control.

This is a fantastic opportunity to join a central Finance team that supports the UK and Ireland business of Kennedys. As part of the role you will be a facilitator who is expected to liaise and work with internal stakeholders to ensure better internal communication and completion of projects. You will play an active role in all aspects of service level requirements and assist in the day to day management of a loss fund administrator team.

This is a hybrid position that will require attendance at the Chelmsford or Taunton office and occasional visits to other Kennedys offices.

Team

Kennedys has been a leading provider for customised commercial claims handling solutions and has dealt with high value, complex and multi-jurisdictional claims since 2000. We are experienced in handling major MGA, broker and insurer-led schemes in the UK and internationally and are proud to have one of the largest, longest serving and most experienced teams in the market.

We deal with a wide class of business types which include; Solicitors' Professional Indemnity, Architects and other Construction Professionals, Accountants, Independent Financial Advisors (IFAs), Medical Malpractice, Cyber, Legal Expenses, Latent Defects, Before the Event/After the Event (BTE/ATE) claims and many more.

Key responsibilities

• Liaising with internal stakeholders to drive process improvements
• Delivering and improving accounting practices and driving operational efficiencies
• Assisting with client billing, debt management and cash collections
• Client Loss fund management, including undertaking weekly and monthly account reconciliation
• Work alongside Client Reporting & Insights Team.

Required experience

• Finance or insurance background
• Strong Excel and financial reporting skills
• Experience in dealing with client loss funds, which also involves dealing with payments, requesting top-ups and actioning third party payments and queries

Please let us know if you require any additional support or adjustments to be made in order to submit your application to Kennedys.

*where a level of experience is indicated, this is a guideline only and represents the amount of time we would usually expect a candidate to accumulate the requisite level of experience. This does not preclude applications from candidates with more or less experience.

About Kennedys

Kennedys is a global law firm with expertise in dispute resolution and advisory services. With over 2,750 people worldwide across 47 offices in the UK, Europe, Middle East, Asia Pacific and America we have some of the most respected legal minds in their field.

Our lawyers handle both contentious and non-contentious matters, and provide a range of specialist legal services, for many industry sectors but we have particular expertise in litigation and dispute resolution, especially in defending insurance and liability claims.

We're a fresh-thinking firm, and we're not afraid to bring challenging new perspectives to the table way beyond the traditional realm of legal services. We empower our clients with a diverse range of ideas, tools and technology to make their lives easier, as well as delivering exceptional results, every time.

What do we have to offer?

We welcome high-performing lawyers, business services professionals, secretaries, graduates and apprentices to join our rapidly expanding global firm. Whatever your role at Kennedys, you'll be involved in exciting and stimulating work, where your input will make a difference.

Our culture and values form a big part of who we are and we take them seriously. We make a difference by being approachable, straightforward, supportive and distinctive. Our values are at the core of who we are and what make us a great firm to work with and for.

The Firm recognises the value of investing in our people's development and believes our culture and values contribute to the quality of our work and of our client relationships. With a culture of on-the-job and experiential learning, peer to peer learning, mentoring, resources and tools that enable you to drive your career, we can support your development in your current and future roles. A variety of other opportunities are available including secondments to clients and our global offices.

We strive to celebrate diversity, empower our people and ensure everyone can bring their authentic selves to work. We've created a culture based on client service, professional excellence, hard work and trust, where diversity, equity and inclusion (DE&I) is a key priority. We recognise that many of our people want to work for an employer that is aligned to their values, which is why we are building an inclusive culture, decarbonising our operations and supporting our people to thrive at work. Our people are the key to driving this change and helping us to make a difference to our clients, our people and the communities in which we live and work.

Kennedys is an equal opportunities employer and is committed to ensuring our recruitment processes are as inclusive as possible. We expect all employees to be aware of and comply with all relevant policies and procedures within their jurisdiction, including those relating to Information Security, Data Protection and Quality Management, refer any breach promptly to Risk & Compliance and to complete all mandatory training when requested.

Documents

• JD - Loss Fund Manager - May 2024.pdf (91.25 KB)