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Key Responsibilities:

Technical

• To manage and maintain credit control for Surety performance bonds and any other outstanding debt, focusing on reducing the debt on a monthly basis.
• Produce and send statements on a monthly basis for all outstanding Surety debt and liaise with the bond teams to resolve outstanding queries.
• Assist in allocation of bordereau cash for Deputy bonds; ensuring queries are resolved in a timely manner.
• Daily cashiering for various business units / bank accounts, cash clearing and reconciliations.
• Minimise unallocated cash for Surety and share findings with management on a regular basis.
• Monthly management information reporting for Surety aged debt and unallocated cash.
• Making outbound payments for bond claims (liaising with the claims department) and ensuring these are completed within the given SLA .
• Manage daily banking movement and allocations within the source system.
• Provide support to the team, wider business and external clients regarding general queries.
• Manage and maintain reinsurance declarations, payments, cash postings and month end reconciliations, ensuring it is done on a timely manner by liaising with the bonds team and underwriters.
• Carry out month end duties including bank reconciliations, cash clearing and any other Surety balance sheet reconciliations.
• Adhoc duties as required by management including providing support when colleagues are on annual leave/sickness and assisting in other credit control tasks for other lines of business within the Leicester finance remit.
• Assist and support the team during a change of system which will be taking place in 2024.

Skills and Experience Specification:

• Accounting technical knowledge
• Track record of credit and aged debt reduction
• Experience of the insurance industry
• High level of attention to detail
• Experience of cash allocation and pro-actively minimising unallocated cash
• Positive, can-do attitude
• Problem solving ability
• Good communication skills
• Excellent organisational skills
• Ability to work autonomously and use initiative