Fiduciary Accounting Specialist, Legacy Resolution

Marsh; Witham; Hybrid; GBP 32,000 - 52,000; Full time

Job summary

Marsh is seeking a Fiduciary Accounting Specialist in the Legacy Resolution area to join the Fiduciary Team. The role offers a hybrid work pattern with two days at home and three days in the Witham office, focusing on accounting and settlement duties for aged and complex matters.

Candidates should bring substantial experience in accounting and settlement activities, preferably in reinsurance or insurance, and will work with Operations Specialists to improve processes and outcomes.

Qualifications

• Experience in accounting and settlement activities within insurance or reinsurance.
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Responsibilities

• Own workload with autonomy; escalate as needed to senior colleagues.

Skills

Accounts & Settlement

Client management

Data analysis

Problem solving

Attention to detail

Tools

Open Twins

CLASS

IMR Systems

Job description

Our Client Support Services department have an opportunity for an Fiduciary Accounting Specialist, Legacy Resolution with our Fiduciary Team. This is available on a hybrid basis, offering home working for 2 days, with the other 3 days based in our office in Witham.

As a Fiduciary Accounting Specialist, you will be responsible for the accounting and settlement duties through the investigation and resolution of aged and or complex matters.

We are open to experience from a broad range of roles within the reinsurance or insurance sectors, but you will need significant experience of accounting and settlement activities to be successful within this role.

What can you expect?

• Take responsibility for own workload, including where necessary definition of cases and associated issues. Work with a high degree of autonomy in relation to more routine aspects, liaising effectively with senior colleagues where guidance or escalation is required.
• Partner with the Operations Specialists to support with root cause analysis and developing improved process, protocols, and behaviours to improve outcomes in the future.
• Furthermore, provide expertise on reinsurance coverage assessment, processing of premiums and/or loss transactions and associated cash follow up, plus the application and disbursement of funds due.

We will rely on you to:

• Always maintain a strong focus on the resolution of issues for clients and CSS in the broadest terms. Ensure actions taken are meaningful to conclude issues or develop traction to do so.
• Liaise effectively with CSS and Guy Carpenter client facing colleagues where necessary to ensure a coordinated approach is taken.
• Ensure clear audit trail in relation to work undertaken, especially complex and/or historic matters.
• Develop and maintain clear working papers supporting investigative work undertaken and/or methodologies used to support conclusions or proposals to senior management such as utilisation of reserves or application of Guy Carpenter credit write back policy and/or processing of complex accounts.
• Support wider CSS activities where required, including but not limited to quarter review of potential financial exposures, delivery of key performance targets or other significant business objectives.
• Take management of the most complex client base, which includes unique lines of business, program structures and reinsurance reporting requirements. Duties to support client base include transactional processing, follow up and securing reinsurance recoveries, collateral, and timely and accurate system entry of all assigned client activity.

What you need to have:

• Bureau, Accounts & Settlement knowledge.
• Experience using Open Twins, CLASS and IMR Systems would be highly beneficial.
• Track record of successful client account management, relationship management, engagement and development.
• Successful management of workload; able to manage expectations of all clients and stakeholders.
• Data management and analytical skills.
• A strong client focus and good at problem solving to reconcile and unravel payment queries.

What makes you stand out:

• Experience of Insurance or Reinsurance accounting and settlement activities.
• Exposure to working with currencies.
• Having provided guidance by mentoring and/or training colleagues

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at [e-mail].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.