Contract Insurance Accounts Reconciliation Specialist

JMG Group; Yeadon; On-site; GBP 30,000 - 38,000; Full time

Benefits offered by this job

Performance bonus

End-of-contract bonus

Job summary

JMG Group is seeking a dedicated temporary analyst to support the central IBA team on a 12-month basis. You will help settle client premiums, reconcile ledgers and ensure FCA CASS5 compliance while working with insurers and internal teams.

This role emphasises accuracy, diligence and timely processing. A performance-related bonus is available, plus an end-of-contract bonus on completion of the term, recognising commitment to high‑quality delivery.

Responsibilities

• Ensure all Key Performance Indicators are achieved and are attained compliantly with FCA CASS5 regulation
• Ensure client money is handled, and reconciled in accordance with FCA regulation and internal procedures
• Complete CPD and all assigned Dev-Zone training modules to deadlines achieving the 80% required pass and structed CPD hours
• Work within your appropriate Level 1,2 or 3 competency limits at all times
• Be aware of the company’s Compliance Manual process workflows and ensure full compliance to the procedures contained within the manual
• Specifically ensure a full understanding of the following chapters: Complaints, Training and Competence, TCF
• Report any potential and known breaches, including weaknesses in current systems, to your line manager or senior officer of the business in a timely manner
• Take corrective action as necessary to resolve
• Ensure personal data (client and employee) is secure, held and properly utilised in accordance with the principles of the Data Protection Act.
• To ensure accounts are settled within the agreed credit terms and in accordance with the FCA CASS rules
• Referring any commission adjustments over prescribed group tolerance levels for review and referral code to override (Acturis PAS only)
• Commission differences in excess of prescribed limits are referred back to handlers/brokers for a system re-debit, ensuring client ledger and insurer ledger contras are matched and correct line item settled to the insurer (all PAS)
• The reconciliation of statements, involving identifying discrepancies and conducting a high level of problem solving.
• Commission reconciliation in lieu of premium settlement
• Dealing with queries from insurance companies.
• Dealing with internal referrals and queries.
• Populate payment files ready for cashbook upload to banking platforms and validation in accordance with payment processes and dual authorisation reviews
• Accurately process and maintain company business accounts.
• Manage own accounts and raise any concerns with reporting line manager or technical level 3 team member
• Identify and report to line manger any procedural or CASS5 breaches, log them on internal system with supporting evidence and satisfactory correction

Job description

JMG Group is seeking a dedicated temporary analyst to support the central IBA team on a 12-month basis. You will help settle client premiums, reconcile ledgers and ensure FCA CASS5 compliance while working with insurers and internal teams.

This role emphasises accuracy, diligence and timely processing. A performance-related bonus is available, plus an end-of-contract bonus on completion of the term, recognising commitment to high‑quality delivery.