This role will be performing technical accounting and credit control management for Direct and Reinsurance classes of business, investigating and clearing legacy transactions.
ResponsibilitiesResponsibilities would include:
Review existing list of legacy cash receipts
Perform chasers for cash collected from brokers for remittance advices and identify risks in system
Allocation of receipts and payments for Syndicate
Responsible for premiums collections by handling queries, monitor and expedite reconciliation of cash collected to transactions recorded, and preparation of credit control reports giving updates on collections for management review
Assist Finance team with allocation of premiums collections by handling queries, monitor and expedite collection of brokers’ outstanding balances, and preparation of credit control reports giving updates on collections for management review.
To assist on internal and external reporting such as Management accounts
Support Management on any ad hoc duties.
The candidate in this role will:
Knowledge or experience in various Direct and Facultative Insurance classes of business would be advantageous.
Knowledge in Lloyd’s business and operations would be advantageous.
Experience in accounts receivable and payable, bank reconciliations and cash accounting.
Computer literate.
Proficiency in Microsoft Excel.
Experience with Subscribe policy administration system advantageous
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, pension contributions, flexible benefits, discretionary bonus, insurances including health (family) cover, and many other benefits to enhance financial, physical, social and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.
Skills Required
- Experience in accounts receivable and accounts payable
- Experience with bank reconciliations and cash accounting
- Computer literacy
- Proficiency in Microsoft Excel
- Knowledge or experience in Direct and Facultative Insurance classes of business
- Knowledge of Lloyd's business and operations
- Experience with Subscribe policy administration system
What We Do
Canopius is a global specialty and Property & Casualty (re)insurer serving clients through offices in the UK, the US, Bermuda, Singapore and Australia. The company provides underwriting and reinsurance coverage across more than 130 countries, using its international platform and broad market reach to support customers with specialty insurance solutions. Its business is focused on delivering world-class risk-transfer capacity across global markets.
.jpeg)
