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Your new company
I have partnered with an established Lloyd's broker that places both UK and international business (insurance and reinsurance) based in the heart of London. You will be working in their modern offices, which are located a stone's throw away from the renowned Lloyd's building. They are expanding their finance team due to growth over the past couple of years, which has had a knock-on effect on the workload of the finance function. This role will report directly to the Finance Director, and you will be working within a team of five.
Your new role
- Assisting and preparing bank reconciliations for multiple accounts (GBP, Euro, Dollar)
- Monitoring cash flow position
- Recording cash receipts & banking cheques received
- Designated accounts reconciliations for both clients and underwriters
- Drawing up and presenting cheques and bank transfer forms for agreement by the Client Money Manager and for Directors' signature
- Processing weekly payments runs in multiple currencies.
- Recording and processing insurance payments
- Preparing and issuing statements of account, chasing settlements
- Dealing with enquiries and queries and liaising with technicians/account handlers
- Notifying brokers of aged debt or accounting issues
- Other accounting duties as requested by the Finance Director/Client Money Manager
- Assisting with Client Money Drawdown calculations
- Credit control - including monitoring of Premium Payment Warranties/Conditions to ensure settled before due date
- Downloading bureau signing messages and allocation of the daily signings
- Claims payment runs once a week, and running the claims' spreadsheet.
- Making sure Non-Risk Transfer letters are completed and forwarded to the relevant clients
- Bank statements are saved, and eclipse rates completed once per month.
What you'll need to succeed
- Insurance experience is required
- IBA experience is preferred
- Strong IT skills (XL, report writing, Excel)
What you'll get in return
- Competitive salary
- Hybrid working (2 days per week from home)
- Scope for progression
What you need to do nowIf you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
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