Company: AVENCIA CONSULTING
Job Type: Permanent, FullTime
Salary: Salary negotiable
About us
Avencia consulting is partnered with a leading specialty insurer who are looking to recruit a Finance Technician in their London office.
The role
Work with claims and operations to ensure best practice, compliance, and high service and data quality standards.
Key accountabilities
- Work with the Delegated Authority Manager on escrow accounts and manage escrow cash settlements.
- Set up, reconcile, and close escrow funds, ensuring alignment with claims bordereaux.
- Liaise with TPAs on escrow reconciliations and manage monthly outsourced claims funds.
- Maintain and update operational process manuals and compliance documentation.
- Validate and enter data accurately into company systems for financial reporting.
- Support TPA processes, performance objectives, and induct/train new employees.
- Promote diversity, inclusion, and a safe working environment in line with H&S legislation.
- Build strong stakeholder relationships and represent the team to enhance client servicing.
- Ensure compliance with Group and Regulator guidelines, reporting incidents or breaches proactively.
- Support risk monitoring and awareness initiatives within the branch.
Skills & experience
Must-haves:
- Strong reconciliation skills from a claims background, accuracy, and attention to detail.
- An understanding of bordereaux
- Proficient in Excel, Word, and data evaluation systems.
- Strong communication and interpersonal skills; confident in technical discussions.
- Self-motivated, organised, and able to meet tight deadlines under pressure.
- Analytical mindset with problem-solving skills and understanding of insurance terminology.
- Awareness of the financial impact of processed technical data.