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This position is a great start and introduction to Insurance Broking Accounts with vast exposure to various businesses and insurance accounting. The position requires no previous experience and tasks inlclude:
- Provide accounting & administration support within our Client accounting team
- Reconciling and settling Insurer accounts
- Pay insurer accounts on a monthly basis; involves checking that client has paid, that insurer is quoting the correct premium and commission, that the account is paid according to our terms of payment with each insurer, and in compliance with FCA regulations
- Check each insurer account at the beginning of each month for long outstanding credits or debits and bring to the attention of the relevant account handler
- Organise payment for each insurer online by BACS
- Raise queries and maintain logs for unallocated cash receipts
- Issue premium refunds to clients
- Reconciliation of IBA bank account
- Perform due diligence on insurer/client/third party payments
- Monitor client receipts including cheque logs to confirm timeliness of banking
- Prepare list of 3rd party payments made
- Production of earned income payments as per the allocated schedule
- Run system month ends and adhoc system reports
Whilst no previous experience is required, we will look for the following in candidates:
- Customer Focused
- Achieving and Delivery
- Working Collaboratively
- Working with Integrity
- Continuous Improvement & Change
- Building Capability
