Overview
Interim Cash Allocation Analyst – Global Insurer Jobs in Greater London, UK at Woodland Partners
Location: Greater London
Woodland Partners have partnered with a global Insurance Group to recruit a Cash Allocation Analyst on a contract basis reporting into their Accounting Manager. The role supports the Finance function in reducing aged unallocated remittances identified through Internal Audit review. The role will focus on investigating, reconciling and allocating high-volume, multi-currency cash receipts, including direct engagement with policyholders, broker, insurance counter parties and other departments to obtain missing remittance information and supporting documentation.
Key Responsibilities:
- Review and investigate aged unallocated cash balances (60/90+ days)
- Analyse remittance advice and broker statements to determine correct allocation
- Proactively contact brokers and insurance companies to obtain outstanding remittance advices and clarification of payment details
- Follow up on unidentified or partially allocated receipts to ensure timely resolution
- Post and allocate underwriting and claims cash within core systems (e.g. XLPRO / SBS / Genius)
- Liaise internally with Credit Control, Underwriting, Claims and Treasury to resolve allocation queries
- Escalate complex or technical items appropriately
- Maintain a clear audit trail and documentation for all allocations and broker communications
- Produce regular ageing analysis and progress reporting on backlog reduction
To be considered it is imperative that you have experience of communicating directly with brokers or insurance counter parties to resolve payment queries.
Ideally you will also have the following background:
- Previous experience in London Market insurance finance environment
- Experience working in underwriting and claims cash processes
- Experience clearing legacy or aged debt backlog
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Title: Interim Cash Allocation Analyst – Global Insurer
Company: Woodland Partners
Location: Greater London, UK
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