Job Description

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Employing Entity: Mrald (Mphasiss dedicated UK Insurance operational services delivery vehicle)
Job Summary
End to end back office service for Insurance Broking Accounts ( IBA)
Perform credit control
Perform cash and payment reconciliation and system allocation
Perform client and insurer statement reconciliation
Premium and return premium collections including providing reminders to Broker, Account Executive, Insured, and Insurers
Follow up and query management for unmatched cash, uncollected debt, queries preventing settlement to Brokers, Insureds, Insurers and third parties etc.
Make payments to Clients, Brokers, Insureds, Insurers and third parties including approving payment per the agreed approval process (Bureaux and Non-Bureaux)
Collect funded balances
PPW and PPC payment ownership
Ensure adherence to FCA client money rules
Other tasks as required by the Team lead or Senior Technician
Years of experience needed
1-2 years of experience in insurance, accounting, or another financial services sector
Technical / Non-Technical Skills:
Relationships:
Team Members:
Regular interaction with Trainee Technicians to review and provide guidance on deliverables
Mentor Trainee Technicians
Others:
Within the company:
Collaborate with stakeholders to identify improvement opportunities and manage expectations
Participate and proactively contribute to new project related initiatives
Outside the company:
NA
Person Specifications:
Education : Graduate/ Post Graduate
Work Qualifications: Insurance or accounting industry qualification is a plus
Experience:
Essential:
Experience in one of these areas: credit control and cash allocation, accounts payable, account reconciliation
Understanding of insurance process
Added advantage but no compulsion:
IBA experience
Certifications Needed: NA
About Mphasis
Mphasis applies next-generation technology to help enterprises transform businesses globally. Customer centricity is foundational to Mphasis and is reflected in the Mphasis Front2Backxe2x84xa2 Transformation approach. Front2Backxe2x84xa2 uses the exponential power of cloud and cognitive to provide hyper-personalized (C=X2C2TM=1) digital experience to clients and their end customers. Mphasis Service Transformation approach helps xe2x80x98shrink the core through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis core reference architectures and tools, speed and innovation with domain expertise and specialization are key to building strong relationships with marquee clients.
Skills:
PRIMARY COMPETENCY : Insurance PRIMARY SKILL : Insurance-Underwriting , Speciality Insurance PRIMARY SKILL PERCENTAGE : 100
About Company:
Mphasis is a leading IT solutions provider, offering Applications, Business Process Outsourcing (BPO) and Infrastructure services globally through a combination of technology knowhow, domain and process expertise. The accolades we have been garnering can be attributed to our undeterred focus in delivering quality solutions across verticals that meet the challenging requirements of our esteemed customers. We have been recently felicitated by the economic times as the most distinguished digital company 2015. We have also been ranked 29 of 100 largest financial technology vendors by American Banker and BAI in the FinTech Forward Top 100 rankings.