Senior Back Office Insurance Specialist

7 days ago

Pune, Maharashtra, India beBeeInsurance Full time ₹ 15,00,000 - ₹ 28,00,000
Key Insurance Back Office Professional

This role involves end-to-end back office services for insurance broking accounts. Key responsibilities include credit control, cash and payment reconciliation, and system allocation.

Responsibilities:

  • 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, Insured s, 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

Requirements:

  • 1-2 years of experience in insurance, accounting, or another financial services sector
  • Understanding of insurance process
  • Essential experience in one of these areas: credit control and cash allocation, accounts payable, account reconciliation

Benefits:

  • Graduate/Post Graduate qualification
  • Insurance or accounting industry qualification is a plus

Others:

  • Collaborate with stakeholders to identify improvement opportunities and manage expectations
  • Participate and proactively contribute to new project related initiatives

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