Ledger Analyst

Davies Talent Solutions

Posted 10 hours ago, valid for 11 days

Ipswich, Suffolk IP15BH, England

£30,000 - £34,000 per annum

Full Time

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Sonic Summary

Davies Talent Solutions is hiring a Ledger Analyst for a permanent position with a salary range of £30,000 to £34,000 per annum, depending on experience.
The role involves active management of payable amounts on designated accounts and collaboration with the Reinsurance Team for inwards business settlements.
Responsibilities include investigating unallocated cash and ensuring debts are assessed for potential bad debt risk.
Candidates with previous ledger reconciliation experience and knowledge of the Insurance or Financial Services sector are preferred but not required.
The position offers hybrid working with office attendance required two days a week, along with a bonus scheme and free parking.

Davies Talent Solutions are looking for a Ledger Analyst to join their team on a permanent basis.What is on offer?

£30,000 - £34,000 per annum, DOE
Hybrid Working (Office 2 days per week)
Bonus scheme
Free Parking

What will you be doing as a Ledger Analyst?

Responsible for the active management of payable amounts (inwards balances) on designated accounts spanning all portfolios managed by our client. It is important that this portion of the ledger is proactively managed, rather than relying solely on reactive behaviour. To collaborate with Reinsurance Team to ensure an overall position is obtained when considering Inwards business settlements to third parties
Responsible for the investigation and reconciliation of unallocated cash for all portfolios managed by our client. This should include using own initiative to obtain documentation to support cash balances, review of system to understand cash allocation and/or contact broker or cedant for further assistance when required. Achievement of cash reconciliation to be obtained, or recommendation for bad debt write on/off where appropriate
Ensure that all debts are considered to be a potential risk (bad debt) to the company and the escalation procedure is followed so that an appropriate provision can be recorded within the accounts

Desirable Knowledge:

It would be beneficial to have previous ledger reconciliation experience which can demonstrate the ability to prioritise and break down complex tasks into component parts
It would also be beneficial to have prior experience either within Insurance or more widely, the Financial Services sector. This is not a necessity, but would ease the learning curve with our complex reinsurance business.

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