Job Description

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

Required Knowledge, Skills, and Abilities

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