Claims Finance Administrator

Claims Finance Administrator (Insurance)DepartmentClaims Finance / FinanceReporting ToClaims Finance Manager / Claims Finance Business PartnerJob PurposeThe Claims Finance Administrator supports the financial management of insurance claims by ensuring accurate processing, recording, and reporting of claim-related financial transactions. The role plays a key part in maintaining robust financial controls across claims payments, reserves, recoveries, and reinsurance, ensuring compliance with internal policies, delegated authorities, and regulatory requirements.Key ResponsibilitiesClaims Financial ProcessingProcess and validate claims payments, including indemnity, fees, and expense payments, in accordance with policy terms and delegated authority limitsEnsure accurate posting of claims costs, reserves, and recoveries within claims and finance systemsMonitor payment requests to ensure appropriate approvals, coverage checks, and documentation are in placeSupport the processing of salvage and subrogation recoveriesReserving and ReconciliationAssist in the setup, maintenance, and review of claim reserves in line with reserving guidelinesReconcile claims transactions between claims systems, general ledger, and bordereaux (where applicable)Investigate and resolve discrepancies in claims balances, suspense accounts, and aged itemsReinsurance and Third PartiesSupport reinsurance recoveries, including excess of loss and quota share arrangementsAssist with the preparation and review of ..... full job details .....