Reconciliation Analyst

Bank reconciliation for insurance. Applied, evidenced, posted.

The Reconciliation Analyst matches bank statements, broker remittances, bordereaux and premium finance statements at policy, layer, or treaty level, and posts the result to your PAS with the evidence attached.

  • A position you can prove. Every number traces to a matched receipt.
  • Problems surfaced in time. Payment issues caught while they can still be chased.
  • Evidence that survives review. The full audit trail exports in one pass.
Brisc Reconciliation Analyst 0:42
The value

Reporting, accuracy, fraud. The things that keep a CFO up.

Matching is the mechanism. What finance signs off on is the point.

A reported position you can prove

Suspense stops accumulating, and month-end stops carrying guesses.

Loss surfaced after settlement

Duplicates, misdirected settlements and receipts that never land surface in days, not months.

An audit trail that survives review

Client-money and CASS reviews, year-end, capacity audits: one export, not a reconstruction.

Bordereaux produced, not reconstructed

The reconciled book generates the premium bordereau and payment-allocation reports from validated line items.

Knowledge that stays

Every confirmed payer and netting convention kept, even after your best credit controller moves on.

Scale without headcount

Volume grows; the process holds without another hire and another 90-day ramp.

The saved hours are real, and they follow from the accuracy. They are the consequence, not the reason a CFO signs.

The wedge

Your PAS stays canonical. One field posts back.

The Analyst does the matching and posts one thing back: matched cash against the right premium, with the evidence trail for why. It isn’t a second ledger you have to keep in sync.

No data migration, no re-platforming: it reads what your bank, your brokers and your PAS already produce.

Looking for bordereaux-specific processing? See Bordereaux Reconciliation for premium and claims BDX ingestion, validation and transformation.

Reconciliation Analyst
ingestnormalisematchexplainpost
↑ documents inmatched cash back ↓
Your systems of record
your PASbank feedsbroker portalsGL
The span

Raw file to auditable output. The whole path.

The Reconciliation Analyst runs the entire path, and reads files as they arrive, because you cannot make brokers send clean ones.

01 · INGEST

Any format, as-is

Bank statements, email remittances, broker statements, bordereaux. No template to fill in, no file your team has to re-key first.

02 · NORMALISE

One schema

Every row standardised: payer resolved, currency and dates aligned, commission and tax positions made explicit.

03 · MATCH

To policy, layer, or treaty

Cash mapped to where it belongs, including one receipt resolving across several layers: the case spreadsheets handle worst.

04 · EXCEPTIONS

Flagged for review

Each exception carries an explanation and its source documents, queued for your team’s judgment.

05 · OUTPUT

Auditable posting

Matched cash posted to your PAS or GL with the evidence trail attached, exportable whenever you need it.

In the delegated-authority books Brisc works with, matching and exceptions are 45–60% of a credit-control team’s hours. The Analyst absorbs the 80% that scales with volume; the 20% judgment layer stays with your team.

The remit side

What you owe each capacity provider stops being a spreadsheet project.

Once every line item balances and every receipt is matched, it’s a report the Analyst already has.

Payment-allocation reports by capacity provider

What you owe each capacity provider and when, built from matched cash and validated line items.

The premium bordereau you report up to capacity

Generated from validated line items: balanced, matched, and evidenced.

A live paid / partially paid / overdue view

Underwriters see payment issues; credit control works the aging queue; leadership sees the position without asking.

The final cash-and-bank check

Applied plus unapplied equals what sits in each trust account: the last control before settlement goes out.

Agency bill and direct bill, both

The same evidence-backed chain covers both billing modes, remittance to settlement.

Your rails, your treasury, your approvals

Brisc never initiates, holds, or moves a payment; the outputs fit the banking arrangements you already run.

Evidence

Every match shows its work.

For every matched payment, the Analyst stores what it read, why it matched, and who approved it.

Source documents attached. The bank line, the remittance, the broker statement: the actual files behind the match, one click away.
The rule or alias named. Which rule fired, which learned alias resolved the payer, what tolerance applied.
Who approved it, recorded. Reviewer, timestamp, decision. Human accountability on every match.
The full audit trail is exportable. Year-end, client-money review, internal audit: hand over the complete trail in one export.
EXC-0341 Analyst reasoning · 94% GBP 18,240.00

Remitter alias “MRLD BRKNG LDN” confirmed as Marmalade Broking on 12 May (reviewer: J.O.). Amount equals net premium less 22.5% commission per broker statement row 41. Reference 7741 appears on the June bordereau, line 18.

bank statement broker statement p.3 June BDX line 18
What the AI learns

Three loops. All of them inspectable.

Every reviewer decision feeds three specific mechanisms. Rules do the arithmetic; the model reads the mess.

Loop 1

Deterministic rules

Rejected matches become logged rules, and you can read the rule that prevents the repeat.

Loop 2

Prompt tuning

Rejected cases sharpen the model’s matching on your data: your binders, your brokers, your reference conventions.

Loop 3

Learned-alias store

Every alias your team confirms becomes permanent reference data: corporate knowledge that survives turnover.

80% 92–95%

The honest ramp. 80% of records match on day one; over roughly 90 days the rate climbs to 92–95% as the rule base absorbs what the model surfaces.

“The beauty of Brisc was taking about 80% of the manual labour away, so people can focus on underwriting instead of data entry.”
Nik Lucking, Managing Partner, Helix Underwriting Partners
Common questions

Questions credit control teams ask us

Does the Analyst replace our PAS or GL?

No. Your PAS stays the system of record. The Analyst posts one thing back: matched cash against the right premium, with the evidence trail for why.

What does day one look like?

Uploads in, CSV out. You run the Analyst in parallel with your existing process, no integration project, no IT dependency, and graduate to posting directly into your PAS or GL once the numbers have earned it. Deployment: 2–6 weeks.

What file formats does it read?

What your bank, your brokers, and your market already send: statements from the accounts you run, broker statements and remittances in whatever shape they arrive. No new templates, no format mandates.

How is our data handled?

SOC 2 Type II, GDPR and CCPA compliant. Every customer runs in an isolated tenant on Microsoft Azure, your data never trains our models, and the full audit trail is exportable. Documentation at trust.brisc.ai.

What does my team's Monday look like?

The macro flow doesn’t change: files in, review, your system out. The Analyst extracts, checks, and queues; your person reviews and approves. Nothing posts without their say until you decide otherwise.

Our data is a mess. Don't we need to fix our processes first?

The mess isn’t yours to fix. You cannot make brokers send clean statements or banks send parseable files, which is exactly why the Analyst reads them as they arrive and documents the mess while it works it.

What happens to what it can't match?

It stops and asks. Unmatched rows queue with the reasoning and source documents attached. Nothing is guessed, nothing is silently corrected.

Can it catch fraudulent or duplicate payments?

Reconciliation is a post-settlement control. Screening tools score payments before money moves; the Analyst proves what actually happened afterwards. Duplicate payments, misdirected settlements, and receipts that never arrive surface as unmatched or inconsistent lines within days, with the evidence attached, rather than months later in an audit.

Why not just hire another person?

A hire ramps for 90 days, holds the payer aliases in their head, and takes them along when they leave. The Analyst ramps once, and what it learns about your book is yours permanently.

Bring your own bank statement. Watch it balance.

30 minutes, no slide deck. We run your data: a real statement and a real bordereau. Your business is specific; the walkthrough should be too.

Book the walkthrough