Claims Finance Administrator

.Claims Finance Administrator page is loaded## Claims Finance Administrator locations:
Basildon, England, United Kingdom time type:
Full time posted on:
Posted 2 Days Agojob requisition :
R26 Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
** Claims Finance Administrator (Insurance)
**** Department
* * Claims Finance / Finance
** Reporting To
** Claims Finance Manager / Claims Finance Business Partner
** Job Purpose
** The Claims Finance Administrator supports the financial management of insurance claims by ensuring accurate processing, recording, and reporting of claim-related financial transactions. The role plays a key part in maintaining robust financial controls across claims payments, reserves, recoveries, and reinsurance, ensuring compliance with internal policies, delegated authorities, and regulatory requirements.
** Key Responsibilities
**** Claims Financial Processing
*** Process and validate claims payments, including indemnity, fees, and expense payments, in accordance with policy terms and delegated authority limits
* Ensure accurate posting of claims costs, reserves, and recoveries within claims and finance systems
* Monitor payment requests to ensure appropriate approvals, coverage checks, and documentation are in place
* Support the processing of salvage and subrogation recoveries
** Reserving & Reconciliation
*** Assist in the setup, maintenance, and review of claim reserves in line with reserving guidelines
* Reconcile claims transactions between claims systems, general ledger, and bordereaux (where applicable)
* Investigate and resolve discrepancies in claims balances, suspense accounts, and aged items
** Reinsurance & Third Parties
*** Support reinsurance recoveries, including excess of loss and quota share arrangements
* Assist with the preparation and review of reinsurance bordereaux and statements of account
* Liaise with brokers, reinsurers, TPAs, and third-party suppliers to resolve finance-related queries
** Month-End & Reporting
*** Support month-end and quarter-end close processes, including accruals, journals, and variance analysis
* Produce regular claims finance reports, such as paid vs reserved analysis, large loss tracking, and aged recoverables
* Provide financial data to support actuarial, underwriting, and management reporting
** Controls, Audit & Compliance
*** Ensure claims financial activity complies with internal controls, SOX (where applicable), and regulatory requirements (e.g. FCA / PRA)
* Assist with internal and external audits by providing supporting documentation and reconciliations
* Maintain accurate and auditable claims financial records
** Process Improvement & Administration
*** Maintain high-quality documentation and data within claims management systems
* Identify opportunities to improve claims finance processes, controls, and reporting
* Act as a key point of contact for finance-related queries from claims handlers and operational teams
** Skills & Experience
**** Essential
* ** Experience in a claims finance, insurance operations, or financial administration role
* Strong numerical skills with high attention to detail and accuracy
* Experience working with claims management systems and financial ledgers
* Good knowledge of Microsoft Excel, including basic reconciliations and data analysis
* Ability to work effectively in a regulated and deadline-driven environment
** Desirable
* ** Experience in general insurance, London Market, or commercial insurance
* Understanding of claims reserving, reinsurance structures, and recoveries
* Exposure to actuarial or underwriting data and reporting
** Qualifications
* ** AAT qualification or working towards a professional finance qualification (ACCA, CIMA, or equivalent) desirable
* GCSEs (or equivalent) including Maths and English
** Personal Attributes
*** Detail-oriented, organised, and methodical
* Strong communication skills with confidence to challenge and escalate where appropriate
* Ability to work collaboratively across claims, finance, underwriting, and actuarial teams
* High standards of integrity and confidentiality
** Working Arrangements
*** Hybrid or office-based working
* Flexibility required during month-end, quarter-end, and year-end close processes

We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.

Founded in 1939 as a small, two-partner firm, Brown & Brown (NYSE: BRO) and our team of companies have grown into one of the world’s largest insurance brokerages while staying true to our foundation of trust, resilience and delivering results. With a team that is as connected locally as it is globally, our high-performing, highly collaborative team delivers innovative risk and insurance solutions.

We look for individuals who embrace our culture, thrive in a collaborative environment, are driven to grow and succeed and are committed to always doing what is right. With a unique culture built on integrity,…