Accounts Administrator

TechNET IT Recruitment Ltd; Leeds; On-site; GBP 30,000 - 42,000; Part time

Job summary

Group IBA Accounts Administrator - Insurance role based in Leeds. 6-month contract with 10 positions outside IR35. You will handle a busy, detail-driven workload across IBA accounts, client money, reconciliations and broker interactions within the insurance finance function.

Experience in FCA CASS5 and client money is highly desirable. The role involves reconciliation, processing receipts/payments, and supporting month-end activities in a fast-paced environment.

Qualifications

• Experience across IBA accounts, insurance finance, client money, reconciliations, or broker accounts.
• Knowledge of FCA CASS5 / client money regulations.
• Strong bank and insurer reconciliation experience.
• Experience processing client receipts, insurer payments and refunds.
• Confidence investigating discrepancies and resolving complex account queries.
• Attention to detail and an understanding of financial controls.
• Experience with Policy Administration Systems; Acturis experience would be beneficial.

Responsibilities

• Processing and reconciling client money receipts and payments.
• Completing daily and monthly client money bank reconciliations.
• Investigating and resolving reconciliation discrepancies and outstanding items.
• Monitoring and allocating unidentified payments.
• Clearing contras and unallocated cash.
• Raising client refunds and insurer payments.
• Processing inter-account transfers and funding.
• Supporting month-end processes, reconciliations and sign-off.
• Reconciling insurer statements and investigating variances.
• Managing commission discrepancies and reconciliations.
• Preparing payment files for banking platforms and dual-authorisation processes.
• Dealing directly with insurers, brokers and internal teams to resolve queries.
• Maintaining clear and accurate audit trails.
• Identifying and escalating potential CASS5 breaches, risks or control weaknesses.
• Supporting process improvements and wider team activity.

Tools

Acturis

Job description

Group IBA Accounts Administrator - Insurance

Contract

Insurance / Financial Services

10 x Roles Outside IR35, 6 Months Initially

We’re supporting a growing insurance organisation with the appointment of an experienced IBA Accounts Administrator(s) to join its Group Finance/Insurance Broking Accounts function.

This is a busy, hands-on role with a significant volume of work, so we’re looking for somebody who enjoys getting stuck into the detail, working through reconciliations and queries, and ensuring client money is managed accurately and compliantly.

Previous insurance experience would be highly desirable, particularly within an insurance broker or intermediary environment. Experience of FCA CASS5 and client money would be especially valuable.

The Role

You’ll work across a broad range of Insurance Broking Accounts activity, including:

• Processing and reconciling client money receipts and payments
• Completing daily and monthly client money bank reconciliations
• Investigating and resolving reconciliation discrepancies and outstanding items
• Monitoring and allocating unidentified payments
• Clearing contras and unallocated cash
• Raising client refunds and insurer payments
• Processing inter-account transfers and funding
• Supporting month-end processes, reconciliations and sign-off
• Reconciling insurer statements and investigating variances
• Managing commission discrepancies and reconciliations
• Preparing payment files for banking platforms and dual-authorisation processes
• Dealing directly with insurers, brokers and internal teams to resolve queries
• Maintaining clear and accurate audit trails
• Identifying and escalating potential CASS5 breaches, risks or control weaknesses
• Supporting process improvements and wider team activity

The underlying requirement is to ensure client money is handled and reconciled in accordance with FCA CASS5 requirements and internal controls.

Experience

We’d particularly like to speak with people who have experience across IBA accounts, insurance finance, client money, reconciliations, or broker accounts.

You’ll ideally bring:

• Previous insurance or insurance broking experience
• Knowledge of FCA CASS5 / client money regulations
• Strong bank and insurer reconciliation experience
• Experience processing client receipts, insurer payments and refunds
• Confidence investigating discrepancies and resolving complex account queries
• Strong attention to detail and an understanding of financial controls
• Experience working with Policy Administration Systems; Acturis experience would be beneficial
• The ability to manage a busy workload and work accurately to deadlines
• A collaborative approach when working with brokers, insurers, finance teams and other internal stakeholders

The internal role spans Cashbook, Cashbook Payments and I-Rec activity, so there is genuine breadth to the workload rather than this being purely a transactional processing position.

This would suit somebody who understands the importance of getting client money, reconciliations and controls absolutely right, but who is equally happy getting through a high volume of work and solving problems as they arise.