Cash Allocation Analyst (6 month FTC)
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Job Summary
Job Title: Cash Allocation Analyst
Reporting to: Cash Accounting Assistant Manager
Direct Reports: None
Position Type: 6 month contract
Overview:
Why Tokio Marine HCC
Standing still is not an option in the current world of Insurance. TMHCC are one of the worlds 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 counterparties 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 counterparties 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.
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Required Experience:
IC
Key Skills
- ArcGIS
- Intelligence Community Experience
- GIS
- Python
- Computer Networking
- Data Collection
- Intelligence Experience
- R
- Relational Databases
- Analysis Skills
- Data Management
- Application Development
About Company
Specialty Group boasts a product suite that provides coverage for a myriad of needs within the sports, entertainment, travel, and hospitality industries. Our robust portfolio and global presence helps insureds take on incredible challenges without assuming incredible financial risks.
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