Job Description

Job description and person specification

Exciting opportunity to join Beazley\xe2\x80\x99s Credit Control team. We are looking for two, permanent Open Market Accounts Receivable Analysts.

Who We Are

Beazley is a specialist insurance company with over 30 years\xe2\x80\x99 experience helping people, communities and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We employ over 1,500 people globally, hosting a wonderful diversity of cultures, experiences and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that\xe2\x80\x99s big on collaboration, diversity of thought & personal accountability.

Our three core values inspire the way we work and how we treat our people & customers \xe2\x80\x93 1) Be bold 2) Strive for better 3) Do the right thing. Upholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us \xe2\x80\x93 our ambitious L&D & Sustainability targets are testament to this.

We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as iLearn (our own learning & development platform), LinkedIn Learning, our mentorship program and external qualification sponsorship. As a Beazley employee, you also get access to our fantastic array of benefits which include commuting reimbursement, free in-office lunch, six months parental leave and a lifestyle allowance, amongst many others.

Job Title: Open Market Accounts Receivables Analyst

Division: Finance Operations \xe2\x80\x93 Credit Control

Reports To: Senior Credit Control Manager \xe2\x80\x93 Open Market

Key Relationships: Internal: Underwriting, Claims, Finance, Operations, IT, and Internal Audit

External: Davies Group, Brokers, external audit

Job Summary: Responsible for the Open Market Credit Control function including:

• Strong liaison with internal and external stakeholders
• Active management of internal and external queries
• Continuous improvement and implementation of best practices
• Open Market Service Provision

Key Responsibilities:

• Responsibilities as a member of the open market credit control team.

o Assist in managing the backlog of legacy debt

o Investigate the validity of the legacy debt

o Assist in driving process improvement

o Assist in the development of the department, creating a high level of trust and respect within the business

• Daily open market activities

o Analytic review of open market debtor data, to identify patterns and possible data quality issues

o Reconciliation of Davies data back to Beazley data

o Maximise our cash flow through the resolution of queries and the maintenance of strong relationships.

• Analyse and report on various projects within the scope of the open market debt
• Create awareness within the business to prevent the renewal of premiums and issue of claims against unpaid premiums
• Identify the issues which prevent signings
• Liaise with Davies and support the pro-active and swift collection of payments
• Preparation of any reporting requirements for the open market credit control manager
• Operate in line with credit control financial control framework.

• Continuous improvement of the credit control function.

• Propose any improvements of the credit control operational systems and processes
• Ensure that appropriate standards complied with
• Use business knowledge and understanding of credit control processes to propose improvements and enhancements as appropriate and liaise with IT and the business as required
• Support new functionality User Acceptance Testing (UAT) as required.

General

It is important that within all your interactions both internally and externally you adhere to Beazley\xe2\x80\x99s core values - Being Bold, Striving for Better, and Doing the Right Thing \xe2\x80\x93 as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley\xe2\x80\x99s underwriting control standards, Beazley\xe2\x80\x99s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification:

• Education and Qualifications

o General accounting knowledge

o Educated to A level or equivalent

o CICM qualified advantageous

o Cert CII qualified advantageous

• Skills and Abilities

o Accurate and numerate

o Meticulous, analytical, strong attention to detail

o Able to handle large amounts of data whilst maintaining accuracy and quality without getting bogged down

o The ability to manage time, meet deadlines and prioritise

o Strong communicator, able to communicate effectively both verbally and in writing with internal and external stakeholders

o Self-motivated, able to work on own initiative and use problem solving skills to proactively resolve issues

o Ability to work independently as well as a team player

o Curious and familiar with underwriting systems

• Knowledge and Experience

o Experience and knowledge of insurance processes essential

o Experience of London Market operations advantageous

o Experience of data analysis \xe2\x80\x93 pulling useful information from large data sets is essential

o Experience of working with operational teams is advantageous

o Experience of working with a 3rd party provided is advantageous

o Familiar with accounting principles

o Advanced knowledge of Excel

o Computer skills \xe2\x80\x93 good working knowledge of MS Office service suite

• Aptitude and Disposition

o Outcome focused; self-motivated and enthusiastic

o Professional approach to successfully interact with internal staff (underwriters, underwriting assistants, business managers and finance) as well as external contacts, in particular brokers and partners

o Ability and willingness to roll up sleeves and get involved in detail

o Ability to interact with individuals at all levels of the company

o Investigative nature and problem solver

The rewards:

The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, global organization

• Attractive base compensation and discretionary performance related annual bonus
• Private medical insurance coverage for both you and your dependents
• Company paid life assurance and long term disability insurance
• Pension with 10% employer contribution, plus a further matched contribution up to 2.5%
• 25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval. Additional annual leave purchase is also available up to a maximum of five additional days per year.
• Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually
• Up to \xc2\xa3550 reimbursement towards home office setup
• Free in-office lunch and monthly lifestyle allowance
• Monthly travel allowance or annual season ticket
• The opportunity to save for, and purchase, shares of Beazley stock
• Six months fully paid parental leave, regardless of how you come to parenthood
• Company paid sabbatical up to 12 weeks after 10 years of continued service
• Support with exam/study leave and fees for relevant qualifications related to furthering education
• Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business

Don\xe2\x80\x99t meet all the requirements? At Beazley we\'re committed to building a diverse, inclusive, and authentic workplace. If you\xe2\x80\x99re excited about this role but your experience doesn\xe2\x80\x99t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.

Beazley