Insurance Broking Accounts Administrator

Tony Charters and Associates; Leeds; On-site; GBP 60,000 - 80,000; Full time

Job summary

An insurance brokerage based in Leeds is seeking an Insurance Broking Accounts Administrator for their Insurer Reconciliation division. The successful candidate will provide professional service with a focus on FCA compliance. Responsibilities include ensuring accounts are settled timely, handling insurance company queries, and conducting statement reconciliation. Ideal applicants should have accounts administration experience, knowledge of insurance processes, and strong MS Excel skills. Attractive benefits and competitive salary offered.

Benefits

Death in service

Enhanced maternity/paternity leave

Company pension

Cycle to work scheme

Free parking

Health & wellbeing programme

Referral programme

Casual dress

Many more

Qualifications

• Experience in accounts administration, ideally in insurance.
• Proficient with MS Office, especially Excel.
• Familiarity with reconciliation processes.

Responsibilities

• Ensure timely settlement of accounts as per FCA rules.
• Conduct reconciliation of statements and identify discrepancies.
• Handle queries from insurance companies and manage accounts.

Skills

Accounts administration background

Intermediate MS Excel skills

Insurer reconciliation experience

Knowledge of broking systems (Acturis, OGI, SSP, TAM)

Job description

Overview

Location: JMG Group - Airport West

Department: JMG Group

Salary: Competitive Salary & Benefits

Hours: 35

Contract Type: Permanent

JMG Group is a private equity-backed insurance brokerage, headquartered in Guiseley, Leeds, with a strong and growing presence across the UK. As a Top 30 broker with over 900 employees, we are experiencing rapid growth and continued success in the market. We place in excess of £350 million in Gross Written Premium annually, and our teams are highly respected throughout the insurance industry. At the heart of our business is a commitment to customer excellence and always doing the right thing values that shape everything we do. Our success is driven by our talented people, modern systems, and robust processes, all of which enable us to deliver exceptional service and build long-term relationships with our clients and partners.

The Vacancy

Following our recent growth and future acquisition strategy we are looking to add to our teams and recruit an additional Insurance Broking Accounts Administrator in our Insurer Reconciliation (IREC) division, based in our brand-new Finance hub in Yeadon, next to Leeds Bradford Airport.

The overall objective of the role will be to provide a professional and efficient service to all customers, whilst ensuring full FCA compliance and following the CASS5 rules and guidelines. This applies to all businesses, processes, and PAS (Policy Admin System) operating systems that are utilised within the JMG Group of companies.

Key Responsibilities

• To ensure accounts are settled within the agreed credit terms and in accordance with the FCA CASS rules
• Referring any commission adjustments for review
• Ensure commission differences 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
• Identify and report to line manger any identified procedural of CASS5 breaches for reporting onto Pentana compliance system
• Accurately process and maintain company business accounts.
• Manage own accounts and raise any concerns with reporting line manager or technical level 3 team members

What We Are Looking For

To be successful in this role the successful candidates will have an accounts administration background, ideally with insurer reconciliation experience or insurer knowledge and also have intermediate MS Excel experience, along with all other MS Office packages. Any broking systems experience such as Acturis, OGI, SSP & TAM would be a distinct advantage.

What We Offer

• Death in service
• Enhanced maternity/ paternity leave
• Company pension
• Cycle to work scheme
• Free parking
• Health & wellbeing programme
• Referral programme
• Casual dress
• Many more

REF-226 502