Insurance Finance Assistant
Salary: Not specified
Location: Colchester, Essex
Job Type: Permanent
Ref: SJP230779
Reporting to the Finance Manager
Provide accounting & administration support within our Client accounting team.
Reconciling and settling 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.
Cash accounting work - Posting of client payments; cash, credit cards, internet and BACs payments.
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 ad hoc system reports.
Comprehensive salary and benefits package
Please submit your CV for the Hiring Managers attention
Or Contact Su Partridge FIRP for further information
The Recruiter Insurance Specialists are acting as a Recruitment Agency
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