Bill to Cash Assistant

Há 1 mês


Lisboa, Lisboa, Portugal WTW Tempo inteiro

The Lisbon hub is a Willis Towers Watson hub of excellence that supports WTW's consulting operations in the United Kingdom (UK) and Western Europe (WE). Working in close partnership over the last 15 years with consulting teams, software developers and business specialists, the Lisbon hub has grown into a 320 - colleague operation through strong commitment to operational excellence, value creation, client focus, integrity and respect.

The Role

From day one, you will be assigned your own responsibilities, giving you exposure to client assignments and enabling you to build up valuable experience and skills. You will have opportunities to gain exposure to different aspects of our business and will be able to gain a solid understanding of what we do and how we do it.

As Bill to Cash Assistant your key responsibilities will be to:

  • Ensure all the premiums received from the clients are paid out to the Carriers.
  • Reconcile the carrier statements & resolves discrepancies.
  • Handle receipts & application of premiums & fees received from clients & insurance companies.
  • Book commissions received from Insurance companies.

You'll be working on real client projects performing the following tasks (not exhaustive):

  • Review ledgers to identify items payable to Carriers/Clients/Sub Brokers and other entities.
  • Provide payment back-ups to the payee for application of funds.
  • Reconcile Carrier statement with WTW books of accounts.
  • Liaise with client managers and carriers for payment issues, reconciliation discrepancies and unallocated cash.
  • Review of open ledgers and perform small balance write-offs, offsets, etc. as per the accounting guidelines
  • Handling clearance of uncashed /uncleared checks.
  • Timely and effective responses to all queries, requests, corrections, etc. received from field offices/carriers.
  • Following SOPs, Client / Carrier specifications and adherence of all statutory requirements.
  • Handling Intercompany Reconciliation by liaising with field offices and other WTW locations.
  • Participate and contribute to potential process improvement areas.
  • Review potential system and process enhancements as required Allocations of funds (EFT or Cheque) received from client, broker or insurance company by researching relevant payment information received.
  • Booking of commissions against relevant client/policy in the system on basis of documentation received from Insurance companies.
  • Liaise with client managers and Insurance companies for resolving discrepancies and unallocated cash.
  • Timely clearance of return commissions to Insurance companies to avoid any potential penalties
  • Following Procedures, Client / Insurance Companies specifications and adherence of all statutory requirements.

The Requirements

We are looking for highly driven with solid interpersonal skills. A colleague looking to join a large and dynamic organization.

  • Up to 2 years of relevant experience; Accounting / Finance preferable.
  • Business fluency in English and Portuguese plus one European language proficiency (French, Spanish, Italian, etc.) minimum B2 expected C1
  • Advanced Microsoft Office 365 (Excel, Word, PowerPoint) skills
  • Excellent written and spoken English communication skills
  • Insurance industry knowledge preferred
  • Business Communication - Written and Verbal
  • Time Management - respect for deadlines
  • Logical Thinking
  • Influencing stakeholders
  • Attention to Detail, rigorous and reliable
  • Team spirit
  • Analytical skills and organizational sense
  • Adaptability, responsiveness, and diligence



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