Insurance Finance Assistant

The Recruiter Ltd; Colchester; On-site; GBP 25,000 - 35,000; Full time

Job summary

Join a leading recruitment agency as an Insurance Finance Assistant in Colchester. You'll be a vital part of the finance team, ensuring accurate accounting and compliance with regulations. This permanent role offers a comprehensive salary and benefits package, with opportunities for growth in a dynamic environment.

Benefits

Comprehensive salary and benefits package

Qualifications

• Experience in accounting and finance roles.
• Familiarity with FCA regulations preferred.
• Strong attention to detail and analytical skills.

Responsibilities

• Provide accounting & administration support within the Client accounting team.
• Reconcile and settle accounts, manage insurer payments.
• Monitor client receipts and perform cash accounting tasks.

Skills

Accounting

Cash Management

Reconciliation

Monitoring Payments

Job description

Insurance Finance Assistant

Salary: Not specified

Location: Colchester, Essex

Job Type: Permanent

Ref: SJP230779

Reporting to the Finance Manager

Provide accounting & administration support within our Client accounting team.
Reconciling and settling accounts
Pay insurer accounts on a monthly basis; involves checking that client has paid, that insurer is quoting the correct premium and commission, that the account is paid according to our terms of payment with each insurer, and in compliance with FCA regulations.
Check each insurer account at the beginning of each month for long outstanding credits or debits and bring to the attention of the relevant account handler.
Organise payment for each insurer online by BACS.
Cash accounting work - Posting of client payments; cash, credit cards, internet and BACs payments.
Raise queries and maintain logs for unallocated cash receipts.
Issue premium refunds to clients.
Reconciliation of IBA bank account
Perform due diligence on insurer/client/third party payments.
Monitor client receipts including cheque logs to confirm timeliness of banking.
Prepare list of 3rd party payments made.
Production of earned income payments as per the allocated schedule.
Run system month ends and ad hoc system reports.

Comprehensive salary and benefits package

Please submit your CV for the Hiring Managers attention

Or Contact Su Partridge FIRP for further information

The Recruiter Insurance Specialists are acting as a Recruitment Agency