IBA Finance Assistant

David Roberts & Partners (Insurance Brokers) Ltd; Stockport; Hybrid; GBP 25,000 - 30,000; Full time

Job summary

A leading company in the UK’s insurance sector seeks an IBA Finance Assistant to join its team in Stockport. This role involves credit control and reconciliation of insurer accounts in a supportive environment with opportunities for professional growth and development.

Benefits

25 days holidays + bank holidays

Contributory pension

Medicash plan

Death in service

Access to benefits

Support in securing professional qualifications

Qualifications

• Proven accounts experience.
• Experience within the insurance or financial services industry preferred.

Responsibilities

• Ensure credit control is handled effectively and insurer accounts are reconciled appropriately.
• Contribute to continuous improvement and modernisation of systems.
• Work with the broking team to ensure payments are obtained within agreed credit terms.

Skills

Regulatory (FCA) knowledge

IT skills (M365, Excel, Outlook, Word & Teams)

Relationship building skills

Job description

Location

Stockport

Hours

Full Time

Contract

Permanent

Position Title: IBA Finance Assistant

Location: Stockport (Manchester)

Contract: Full-time

Direct Reporting: Group Accountant

Introduction

DR&P Group is one the UK’s top 100 independent insurance brokers, with 21 strategically placed offices. We are seeking to recruit a hands-on IBA Finance Assistant working on a hybrid working basis, based in Stockport.

We are looking for a confident individual who can work independently to deliver results as part of the finance team and alongside the broking teams to deliver timely insurer payments and reduce aged debts. The successful candidate will have proven accounts experience and ideally experience within the insurance or financial services industry.

If you are looking to advance in your existing career and you see this as an opportunity, we would be happy to hear from you.

We are a growing business, one of the top 10 brokers in the Northwest of England and you will be joining a professional company, which places real value on its staff. The successful candidate will be supported to complete professional qualifications.

If you like the sound of our company, and would welcome the opportunity to work in a supportive environment – then what are you waiting for?

Job Purpose

To ensure credit control is handled effectively and insurer accounts are reconciled appropriately.

Key Accountabilities

Insurer Reconciliation

• Ensure insurer accounts are reconciled in accordance with agency terms.
• Ensure insurer accounts department are made aware if any payments are not being made. Disclose the reasons for the non-payment, whether that be if the items are incorrect, under query or late.
• Ensure all systems are kept up to date with appropriate records/information and that all instructions are recorded on the systems.
• Make payments to insurers using online banking procedures.
  
  

Credit Control

• Ensure payments and reconciliation of accounts are carried out on a timely basis.
• Ensure all statements and accounts are checked for accuracy and payments are issued in accordance with regulatory and DRP standards.
• Work with broking team to ensure payments are obtained within agreed credit terms and promptly deal with any issues that could lead to or result in payment not being made within credit terms.
• Take client card payments over the phone.
• Receipt cash onto system and maintain excel cashbook.
• Set up payment of client refunds using online banking procedures.
• Maintain and track client payments via finance provider.
  
  

Miscellaneous

• Contribute to continuous improvement and modernisation of systems and controls.
• Assist with information gathering for CASS 5 audits.
• Provide input or take responsibility for ad-hoc projects.
• Provide training to other members of staff where appropriate.
  
  

Skills & Knowledge

• Regulatory (FCA) knowledge relevant to job role.
• IT skills (M365, Excel, Outlook, Word & Teams).
• Knowledge of clients.
• Relationship building skills.
  
  

Behavioural Competencies

• Good communication skills.
• Forward planning.
• Knowing the business.
• Team player.
• Emphasis on accuracy and quality.
• Self-motivated.
  
  

Measures

• Quality of work produced.
• Feedback from Senior Management/Colleagues.
• Ongoing adherence to own internal training plan and recording of the same.
• Ongoing adherence to meet any professional qualification requirements to maintain any qualifications achieved.
• Compliance with all regulatory requirements of role including but not limited to Conduct Rules, Treating Customers Fairly and Vulnerable Customers
  
  

What You Will Receive

The following will be available as part of your role:

• A competitive salary package in line with qualifications and experience.
• 35 hours per week (Monday to Friday) with opportunity for hybrid working.
• 25 days holidays + bank holidays
• Contributory pension, Medicash plan, death in service and access to benefits bub
• An opportunity to progress your career within the business at a rate proportionate to your own personal development.
• Support in securing professional qualifications if sought.
  
  

Renumeration Package

• Salary negotiable dependant on experience
• Annual bonus linked to the business hitting KPIs
• Group Pension Plan
• Group Life Cover
• Group Income Protection Cover
• Medicash Cash Plan
  
  

To apply, please contact: Sean Alger, Group Accountant, [e-mail]