Insurance Finance Assistant

The Recruiter Ltd; Colchester; On-site; GBP 10,000 - 40,000; Full time

Job description

Insurance Finance Assistant

Salary: Not specified

Location: Colchester, Essex

Job Type: Permanent

Ref: SJP230779

Reporting to: Finance Manager

Responsibilities:

1. Provide accounting & administration support within our Client accounting team.
2. Reconciling and settling accounts.
3. 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.
4. 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.
5. Organise payment for each insurer online by BACS.
6. Cash accounting work - Posting of client payments; cash, credit cards, internet and BACs payments.
7. Raise queries and maintain logs for unallocated cash receipts.
8. Issue premium refunds to clients.
9. Reconciliation of IBA bank account.
10. Perform due diligence on insurer/client/third party payments.
11. Monitor client receipts including cheque logs to confirm timeliness of banking.
12. Prepare list of 3rd party payments made.
13. Production of earned income payments as per the allocated schedule.
14. Run system month ends and ad hoc system reports.

Benefits: Comprehensive salary and benefits package.

Please submit your CV for the Hiring Manager's attention or contact Su Partridge FIRP for further information.

Note: The Recruiter Insurance Specialists are acting as a Recruitment Agency.