DR&P Group is one the UK’s top 100 independent insurance brokers, with 21 strategically placed offices. We are seeking to recruit a hands-on IBA Finance Manager working on a hybrid working basis, based in Stockport.
We are looking for a confident individual who can work independently to deliver results as part of the finance team and alongside the broking teams to deliver timely insurer payments and reduce aged debts. The successful candidate will have proven accounts experience and ideally experience within the insurance or financial services industry.
If you are looking to advance in your existing career and you see this as an opportunity, we would be happy to hear from you.
We are a growing business, one of the top 10 brokers in the Northwest of England, and you will be joining a professional company, which places real value on its staff. The successful candidate will be supported to complete professional qualifications.
If you like the sound of our company, and would welcome the opportunity to work in a supportive environment – then what are you waiting for?
Job Purpose:
Managing a team of 4 to ensure insurer statements and incoming client cash is reconciled effectively and efficiently. To provide support to the team and wider business with queries, monitor and manage any ageing items.
Key Accountabilities:
Insurer Reconciliation and Credit Control
* Manage and assist with the reconciliation of Insurer Statements on Acturis.
* Manage and assist with the receipting of payments onto Acturis and reconciliation of client ledgers.
* Manage and assist with tracking client payments via finance provider.
* Produce monthly credit control reports to identify aged items.
* Produce monthly insurance ledger and agent ledger reports to identify aged items.
* Take action to ensure ledgers are accurate and up to date.
* Review funded reports and ensure entries are updated.
* Trouble-shooting any Acturis / Insurance reconciliation queries.
Internal
* Review current processes in insurance reconciliation and credit control procedures and identify areas for improvement.
* Re-design processes as identified and implement changes.
* Review insurer/ supplier master data held in Acturis system and network folders and co-ordinate complete review and update of all records
* Improve payment processes in line with online banking procedure.
* Reorganise work flows as required and provide training plans for existing and new Finance Team members.
* Communicate effectively with the Finance Team changes to processes or procedures.
* Understanding of Client Money procedure and processes in line with FCA guidelines.
* Co-ordinate the workflows during the run up /run off of Acturis ledgers during hive-up programme.
Communication
* Provide both written and verbal, clear, professional and concise communication to clients, insurers and colleagues.
Skills & Knowledge
* Management of staff/personnel
* Regulatory (FCA) knowledge relevant to job role
* Acturis
* Knowledge of clients
* Relationship building skills
* Forward planning
* Knowing the business
* Team player
* Emphasis on accuracy and quality
* Self-motivated
Measures
* Quality of work produced
* Feedback from Senior Management/Colleagues
* Ongoing adherence to own internal training plan and recording of the same.
* Ongoing adherence to meet any professional qualification requirements to maintain any qualifications achieved.
* Compliance with all regulatory requirements of role including but not limited to Conduct Rules, Treating Customers Fairly and Vulnerable Customers
Other
* Provide training to other members of staff where appropriate
* Produce MI reports as appropriate
* To contribute to the continuous improvement and modernisation of the Finance Team’s systems and controls
* Provide input or take responsibility for new projects – including involvement in new acquisitions/branches.
* Take on additional roles and responsibilities as appropriate.
What you will receive:
The following will be available as part of your role:
* A competitive salary package in line with qualifications and experience.
* 35 hours per week (Monday to Friday) with opportunity for hybrid working.
* 25 days holidays + bank holidays
* Contributory pension, Medicash plan, death in service and access to benefits bub
* An opportunity to progress your career within the business at a rate proportionate to your own personal development.
* Support in securing professional qualifications if sought.
Renumeration Package:
* Salary negotiable dependant on experience
* Annual bonus linked to the business hitting KPIs
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