Job Description
Our client is a small to mid sized insurance broker with a strong presence in the UK market. They are committed to delivering exceptional services and maintaining high standards in their industry.
Description
Your role as the FC will be to manage the department including a team of credit controllers, treasury assistants and insurer reconciliations clerks.
· Responsible for the annual client money audit and be the key contact for all audit liaison
· Ensure fully compliant within FCA regulations - mitigate exposure to CASS 5 breaches.
· Continuous improvement and documentation of IBA controls and procedures.
· Review/perform client money calculation is performed in accordance with CASS 5.
· Review bank reconciliations for the various IBA bank accounts.
· Chair monthly meetings to discuss all aspects of IBA i.e. aged debt, unallocated cash, bad debts, funding etc…
· Responsible for producing detailed aged debt reports in accordance with month end timetable.
· Responsible for producing client by client rec in accordance with audit and annual requirements.
· Responsible for producing balance sheet reconciliation for all IBA balances.
· Ensure on-going completeness and integrity of data produced by insurance system.
· Ensure prompt month-end close.
· Assisting team with managing complex client ledgers.
· Ensure timely collection of monies and payment to underwriters accordingly.
· Manage projects (including legacy balances).
· Matching and resolving unallocated cash and claims balances.
· Ensure monthly broker statements sent out in timely manner.
· Project lead the implementation of new insurance system.
· Liaise and establish good relationships with external brokers.
Profile
The successful candidate will be:
* Strong insurance sector experience and knowledge and understanding of the Insurance markets - Lloyds, LIRMA and LIU
* Qualified in ACA, ACCA and CIMA with a minimum of 5+years PQE
* Excellent Team Management
* Regulatory and FCA Reporting
* Excellent analytical and problem-solving skills
* Excellent Excel ability and handling of large data sets
Job Offer
* Competitive salary
* Discretionary Annual bonus
* Comprehensive benefits package
* 35 hour working week
* Flexible hybrid working arrangement