Billings & Settlements

  • IO Associates
  • City, London
  • Sep 11, 2025
Full time Accounting

Job Description

Billings & Settlements Analyst (Junior & Senior Opportunities)

City of London (Hybrid, 3-4 days in office)

Salary: Up to £40,000 (dependent on experience)

We are a leading player in the insurance underwriting space, providing tailored solutions across international markets. As part of our continued growth, we are looking to expand our Finance & Operations team with two Billings & Settlements Analysts - one Junior and one Senior.

These roles are critical in ensuring accuracy, compliance, and efficiency across billing, settlement, and reconciliation processes, supporting both underwriting and finance operations.

As a Billings & Settlements Analyst, you will be responsible for supporting and managing the end-to-end billing, settlement, and reconciliation activities across premiums, claims, and inter-company accounts.

We are recruiting at two levels:

Junior Analyst - ideal for someone with 1-2 years' experience in finance operations or settlements, eager to grow in the insurance underwriting sector.

Senior Analyst - for an experienced professional (3+ years) who can take ownership of complex settlements, support junior colleagues, and manage French-speaking stakeholders (fluency in French required).

Key Responsibilities

  • Process invoices, settlements, and payment instructions accurately and in a timely manner.
  • Carry out reconciliations for premiums, claims, and inter-company accounts.
  • Maintain accurate records and ensure compliance with internal controls and industry standards.
  • Liaise with underwriting teams, brokers, and finance colleagues to resolve billing and settlement queries.
  • Support financial reporting and audit requirements.
  • Contribute to process improvements and automation initiatives.
  • Senior role only: Act as lead contact for French-speaking partners, provide guidance to junior colleagues, and take ownership of more complex queries and stakeholder management.

Requirements

  • Junior Analyst (1-2 years' experience)
  • Experience in finance operations, billings, settlements, or accounting (insurance sector desirable).
  • Strong numerical and analytical skills with excellent attention to detail.
  • Proficiency in Microsoft Excel.
  • Eager to learn, proactive, and collaborative.
  • Senior Analyst (3+ years' experience)
  • Solid background in billings, settlements, or finance operations within insurance/underwriting.
  • Fluency in French (written and spoken) - essential.
  • Strong reconciliation and problem-solving skills.
  • Experience managing complex settlement queries and building strong stakeholder relationships.
  • Ability to mentor and support junior colleagues.

Benefits

  • Competitive salary up to £40,000, dependent on experience and level.
  • Hybrid working model (3-4 days in the office, City of London).
  • Professional development and training opportunities.
  • Collaborative, supportive culture within a growing underwriting firm.

If you're looking to grow your career in a dynamic, market-leading environment, I'd love to hear from you. Please register your interest by sending your CV