Cash Allocation Analyst; FTC

Position: Cash Allocation Analyst (6 month FTC)
Location: Greater London

Job Title:

Cash Allocation Analyst Reporting to:
Cash Accounting Assistant Manager Direct Reports:
None Position Type: 6 month contract

Overview:
** Why
* * Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

Job Purpose:

To support 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
* Support month-end close activities where required

Skills and Experience Specification:

Essential:

Experience communicating directly with brokers or insurance counter parties to resolve payment queries

Desirable:
* Previous experience in London Market insurance finance environment
* Experience working in underwriting and claims cash processes
* Experience clearing legacy or aged debt backlog
* Understanding of broker bordereaux and remittance structures
* Experience supporting audit remediation or control improvement initiatives
** What We Offer
** The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer.  Please visit  for more information about our companies.#LI-PS1
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