Position Overview & Specifications

Key Responsibilities:

Technical

To manage and maintain credit control for Surety performance bonds and any other outstanding debt, focusing on reducing the debt on a monthly basis.
Produce and send statements on a monthly basis for all outstanding Surety debt and liaise with the bond teams to resolve outstanding queries.
Assist in allocation of bordereau cash for Deputy bonds; ensuring queries are resolved in a timely manner.
Daily cashiering for various business units / bank accounts, cash clearing and reconciliations.
Minimise unallocated cash for Surety and share findings with management on a regular basis.
Monthly management information reporting for Surety aged debt and unallocated cash.
Making outbound payments for bond claims (liaising with the claims department) and ensuring these are completed within the given SLA .
Manage daily banking movement and allocations within the source system.
Provide support to the team, wider business and external clients regarding general queries.
Manage and maintain reinsurance declarations, payments, cash postings and month end reconciliations, ensuring it is done on a timely manner by liaising with the bonds team and underwriters.
Carry out month end duties including bank reconciliations, cash clearing and any other Surety balance sheet reconciliations.
Adhoc duties as required by management including providing support when colleagues are on annual leave/sickness and assisting in other credit control tasks for other lines of business within the Leicester finance remit.
Assist and support the team during a change of system which will be taking place in 2024.

Skills and Experience Specification: