Loss Fund Manager

Kennedys Law LLP; Chelmsford; Hybrid; GBP 40,000 - 55,000; Full time

Job summary

A leading law firm in Chelmsford is seeking a Client Claims Fund Manager to enhance internal communication and manage loss funds. This hybrid role involves working closely with finance and claims management teams to improve operational efficiencies and client billing processes.

Qualifications

• Finance or insurance background required.
• Experience in dealing with client loss funds.

Responsibilities

• Liaising with internal stakeholders to drive process improvements.
• Client loss fund management, including account reconciliation.

Skills

Excel

Financial Reporting

Job description

Role

Kennedys is looking for an Client Claims 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.