JMG Group is a private equity backed insurance broker, based in Guiseley, Leeds with regional office representation around the UK. Customer excellence and ‘doing the right thing’ is the backbone to our business ethos, which means that our talented people, high-tech systems, and robust processes are all central to our continued success.
Our Finance Hub, based at Airport West Business Park are looking to recruit an additional Client Money Manager to manage and lead a team of I-Rec Accounts Administrators.
Lead and manage both Central and Local I-Rec team members with a clear focus on reducing outstanding transactions to insurers. Performance will be measured and tracked against clearly defined KPIs.
Collaborate closely with the Finance Director (Regulatory and Client) to support all matters related to team performance, regulatory compliance, and process optimisation.
To report on the monthly performance of the Central & Local i-rec Teams using appropriate metrics for measurement
Ensure client money is handled and reconciled in accordance with FCA regulation and internal procedures, as detailed in the Compliance Manual.
Ensure full compliance in relation to all financial requirements, complaints, training and competence.
Report any potential breaches, including weaknesses in current systems, to the Finance Director (Regulatory & Client)
Ensure personal data (client and employee) is secure, held and properly utilised in accordance with the principles of the Data Protection Act.
Manage appropriately the Central & Local i-rec team members via ledger reviews, 1:1’s, appraisals and regular team meetings. Reporting any concerns affecting Team and Insurer account relationship to Finance Director (Regulatory & Client)
Provide consistent training to all team members covering levels 1-2-3 competency reviews for new recruits for capability and probation assessment.
Overseeing testing and implementation of in-house and external reconciliation software solutions - specifically as we onboard ARC CGI for I-Rec
Working closely with the ARC CGI team and Group Client Money Managers to map, implement and maintain the I-Rec process
Develop internal audit process requirements to ensure robust controls and reviews are implemented with documented feedback for local and central team members. Supporting and maintaining a consistent approach across all PAS and banking platforms.
Act as the subject matter expert for client money within Finance and the wider business
Liaise with colleagues to ensure relevant policies and processes are consistent with best practice, enhancing as required
Prepare and present reports on client money matters to Finance Director (Regulatory & Client) as required for presentation to the ARCC (Audit, Risk, Compliance Committee)
As we continue to grow JMG Group is continuing to invest in technology solutions and you will be expected to be instrumental in the roll out of new systems and team training
Excellent salary and progression
Hybrid working pattern – office and remote, following probation.
Company Pension scheme
Generous holiday entitlement (27 days plus birthday & bank holidays)
Bupa Healthcare Cash Plan
Life Assurance
Cycle to work options