IBA Accounts Manager

Recruiter
The Recruiter Specialists Ltd
Location
Brentwood
Posted
27 Feb 2019
Closes
27 Mar 2019
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Based predominately in Brentwood, Essex, responsible for the maintenance and day to day handling of the IBA Ledgers ensuring timely collection and/or settling of balances from/to customers and insurers. This role will involve overseeing the IBA function as a whole and offering support to IBA team members. Responsible for overseeing operations, reconciliations, cash allocations, credit control and insurer settlement.
Daily Tasks
* Supervision of Retail IBA Finance team (x3) in Brentwood.
* Track outgoing payments for comparison to prior years volumes
* Reconcile and settle insurer bordereaux/statements to support IBA Accounts Technician when required
* Review log of Finance queries, following up with relevant departments
* Deal with customer accounts queries by phone or email
* Record holiday and sickness absence
* Be the first point of call for all internal queries from other departments, and delegate to team as necessary
* Escalate any potential problems to management level
* Bank reconciliation
* Support Finance team with queries, issues & workloads
* Maintain petty cash and refund payment logs
* Monitoring, investigating and reconciling Aged Debt
Weekly Tasks
* Weekly credit control and insurer reconciliation update meetings with Commercial IBA Finance team (x3) in London (remote or onsite)
* Catch-up telephone meetings with Financial Controller
Monthly Tasks
Reconcile bank reconciliation against Trial Balance
Analyse the Trial Balance prior to month-end to remove incorrect account postings
Monitor Suspense account
Complete CASS 5 Client Money calculation on 1st working day of the month
Produce month-end reports including but not limited to Trial Balance, Brokerage Transacted and Earned, Aged Debt, and Unallocated Cash
Report on all aged un-cleared cheques and arrange for either re-issue or write-back
Review and update the Finance Procedures Manual as and when required
Check Insurer Log to ensure all payments have been recorded and paid as required
Export monthly Bank transactions from on-line system
Reconcile and investigate outstanding premium finance transactions
Monthly Operations meetings
Ad Hoc Tasks
Assist with yearly/interim statutory and client money Audits
Dealing with premium finance Indemnity Claims
Appraisals
SSP (Broker system) new release/upgrade Testing
Working with management and team to improve Finance systems and processes
Ad-hoc requests from Financial Controller or Operations
Applicant Requirements:
Proven track record in IBA Credit Control and account management
Previous experience in a senior position within an IBA department
Experience of supervising staff
Previous experience of SSP Pure Broking would be advantageous
Understanding of the insurance market and accounting processes within this field - experience of both Retail and Commercial IBA would be preferred
Strong maths and Excel (intermediate) skills
Strong communication skills
Hours: 09:00 - 17:30
Salary: £35000 - £40,000
Please contact us for further information or submit your CV today for our Clients attention
The Recruiter Insurance Specialists are acting as a Recruitment Agency

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