IBA Accounts Manager

Recruiter
R & J Recruitment Limited
Location
Brentwood
Posted
03 Mar 2019
Closes
23 Mar 2019
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
IBA Accounts Manager
You will be 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 1stworking 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

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