Group IBA Finance Administrator (Cashbook)
Salary Excellent Salary & Benefits Package
This is a Permanent, Full Time vacancy that will close 2 months ago at 23:59 BST .
The Vacancy
The Role
Following our recent growth and future acquisition strategy we are looking to add to our teams and recruit two additional Insurance Broking Accounts Administrators in our Cashbook division, based in our brand-new Finance hub in Yeadon, next to Leeds Bradford Airport.
The overall objective of the role will be to administer client receipt allocations and provide a professional and efficient service to all customers, whilst ensuring full FCA compliance and following the CASS5 rules and guidelines. This applies to all businesses, processes, and PAS (Policy Admin System) operating systems that are utilised within the JMG Group of companies.
Key responsibilities of the role will include:
* Ensure client money is handled and reconciled in accordance with FCA regulation and internal procedures
* Accurate reconciliation of bank statements to the PAS, involving identifying discrepancies and conducting a high level of problem solving
* To control and monitor monthly remittances with amounts paid or received
* To raise and follow up with respective account handlers/brokers on any unmatched cash items within agreed SLA’s
* Dealing with internal referrals and queries
* Process payments received from clients in accordance with company procedures
* Reconciliation and balancing of the daily cash book, day-end and month-end procedure.
* Accurately process and maintain company business accounts
* Identify and report to line manger any identified procedural of CASS5 breaches for reporting onto our compliance system
* Process insurer payments review and validation of client refunds to the timescales agreed
What we are looking for
To be successful in this role the ideal candidates will have an accounts administration background, ideally (but not essential) with insurer reconciliation experience or insurer knowledge and also have intermediate MS Excel experience, along with all other MS Office packages.
Any broking systems experience of Acturis, IntelligentOffice, SSP & TAM would be a distinct advantage.
The Company
JMG Group is a private equity-backed insurance brokerage, headquartered in Guiseley, Leeds, with a strong and growing presence across the UK. As a Top 30 broker with over 800 employees, we are experiencing rapid growth and continued success in the market.
We place in excess of £350 million in Gross Written Premium annually, and our teams are highly respected throughout the insurance industry. At the heart of our business is a commitment to customer excellence and always doing the right thing—values that shape everything we do. Our success is driven by our talented people, modern systems, and robust processes, all of which enable us to deliver exceptional service and build long-term relationships with our clients and partners.
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