Financial Analyst

Job Title: Financial Analyst

Division: Finance

Reports To: Finance Manager - Premium Billing & Collections

Key Relationships: Finance Manager, other Finance staff, Underwriting staff, external Clients and Suppliers

Job Summary: To provide accounting and financial operations with strong analytical and technical skills to ensure the integrity of financial information primarily pertaining to premiums, accounts receivable and state specific data calls.

FLSA: Exempt

Key Responsibilities

• Complete analysis of accuracy of premium transactions as compared to underlying policy documents; follow-up with underwriting staff as appropriate
• Processing of premium receivables transactions for US business units via use of various platforms or spreadsheets as necessary. Includes updating transactions in the data repository where applicable and loading receivable transactions into the General Ledger (Agresso).
• Generate and distribute invoices / statements to brokers via email or mail as appropriate.
• Work independently to review receivable reports regularly and follow guidelines for collecting outstanding premium via contact with Underwriting team member and external Brokers, including email follow up and processing Oden letters.
• Provide recommendations to management on process improvement to manual processes and current technology platforms.

• Assist with implementation/enhancements of systems for receivable processing, invoice creation, and premium related management information.

• Process Premium Finance notices - check for accuracy, creation of letters, uploading documents to Beazley systems. Process cancellations and reinstatements as necessary.
• Liaison with Premium Finance Companies with any notices received to determine accuracy and validity of financial agreements.
• Process Cash into the General Ledger (Agresso) as necessary; investigate discrepancies as needed
• Timely and accurate completion of state premium tax returns and other state data calls for assigned states.
• Assist with monthly financial responsibilities - participate in the monthly close, preparation of journal entries, compilation of financial statements and analysis of financial activity.
• Cross train other team members to ensure that the team consistently meets with SLAs with Underwriting.

Personal Specification:

Education and Qualifications

• Bachelor's degree in accounting or finance preferred

Skills and Abilities

• Demonstrated analytical skills.
• Solid written and oral communication
• Top performer, motivated and driven to succeed
• Ability and willingness to roll up sleeves and get involved in details.
• Ability to interact with individuals at all levels of the company
• Proficiency in Microsoft Office applications

Knowledge and Experience

• Billing and Collection experience
• 3-10 years experience in Accounts Receivable / Collections
• Property & Casualty Insurance experience, a plus

Aptitude and Disposition

• A self-starter with a high energy level and with the ability to work in a fast paced environment.

Competencies

• Self Starter
• Team Player
• Customer Focus
• Flexible
• Detail Oriented
• Analytical thinking
• Initiative
• Problem solving
• Organized

Who We Are:

Beazley is a specialist insurance company with over 30 years' experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee's diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.

• Be bold
• Strive for better
• Do the right thing

Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us - our ambitious inclusion & diversity and sustainability targets are testament to this.

We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.

Explore a variety of networks to assist with professional and/or personal development. Our Employee Networks include:

• Beazley RACE - Including, understanding and celebrating People of Colour
• Beazley SHE - Successful, High potential, Empowered women in insurance
• Beazley Proud - Our global LGBTQ+ community
• Beazley Wellbeing - Supporting employees with their mental wellbeing
• Beazley Families - Supporting families and parents-to-be

We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:

• Internal Pathways (helping you grow into an underwriting role)
• iLearn (our own learning & development platform)
• LinkedIn Learning
• Mentorship program
• External qualification sponsorship
• Continuing education and tuition reimbursement
• Secondment assignments

The Rewards

• The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization
• Attractive base compensation and discretionary performance related bonus
• Competitively priced medical, dental and vision insurance
• Company paid life, and short- and long-term disability insurance
• 401(k) plan with 5% company match and immediate vesting
• 22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
• Up to $700 reimbursement for home office setup
• Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
• Up to 26 weeks of fully paid parental leave
• Up to 2.5 days paid annually for volunteering at a charity of your choice
• Flexible working policy, trusting our employees to do what works best for them and their teams

Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is $60,000-$65,000 per year plus discretionary annual bonus.

Don't meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.