Finance Assistant

2 weeks ago


Leeds, United Kingdom Bspoke Insurance Group Limited Full time

Finance Assistant (Insurer Reporting)

This is a hybrid role with two days a week working from our office in Garforth, Leeds.

OVERALL PURPOSE OF ROLE

KEY RESPONSIBILITIES
- Receipt and processing of third party Finance bordereaux as required
- Reporting and payment of premium and claims bordereaux to all Capacity Providers in the Bspoke Group
- Provide management and ongoing liquidity of claims floats provided by insurers to entities within the Bspoke Group
- Provide oversight and management of claims floats provided to third parties and provide input on associated reconciliations received from third parties
- Produce and maintain reconciliation of all Insurer related balances within the Group including insurer trust accounts and IBA reconciliations
- Maintain oversight of IBA liquidity across the Bspoke Group in accordance with insurer TOBA’s through production of weekly cash sweeps
- Ownership of the insurance balance sheet for entities across the Bspoke Group
- Assist the Financial Controller in the maintenance of compliance with CASS in respect of compliance with insurer risk transfer requirements.
- Production and maintenance of reconciliations between broking/Mi systems, financial ledger and monthly bordereaux for all systems and entities in the Bspoke Group
- Production of insurer based payments and reconciliation of insurer receipts on a monthly basis for all entities across the Group
- Liaise with external insurer contacts to resolve insurer bordereaux and reconciliation queries
- Liaise with other functions in the Business to resolve insurer premium and claims related queries
- Focus on continuous improvement to streamline and automate current processes.
- Support the Financial Controller where required by providing ad hoc insurer analysis
- Other tasks as required in order that the department runs efficiently - e.g. cover for other members of staff, and additional tasks as required by the Financial Accountant/ Financial Controller.

OTHER DUTIES
- Develops and improves accounting practices and internal control processes. Maintain documentation of accounting policies, systems and procedures.
- Contributes to the achievement of the company objectives by providing advice and guidance on financial control.
- Monitors, reviews and coordinates the establishment, documentation, maintenance and update of all accounting systems.
- Re-enforces the vision and values of the Company through appropriate behaviours and actions.
- Assists with other related duties within the business as and when required.

EXPERIENCE AND KNOWLEDGE
- Analytical and problem solving skills
- Ability to plan and prioritise own activities effectively
- Ability to work to tight deadlines and work under pressure
- Demonstrate good communication skills both oral and written in reconciliations and analyses.
- Moderate to high level of knowledge of Microsoft packages - notably Excel
- Ability to write in plain English and avoid unnecessary use of jargon
- An ability to work accurately and consistently
- An ability to work as part of a team or independently as required
- An ability to communicate effectively with customers including other Company members
- A requirement to develop a strong working knowledge of internal procedures and standards and key regulatory requirements.
- Sound judgement skills and a genuine interest in business.

EDUCATION AND QUALIFICATIONS

Essential
- Accounting qualification
- AAT, or part qualified accountant

Desirable
- Desire to pursue professional qualifications ACCA/CIMA

**Job Types**: Full-time, Permanent

Pay: £25,000.00-£30,000.00 per year

**Benefits**:

- Company pension
- Cycle to work scheme
- Enhanced maternity leave
- Enhanced paternity leave
- Free parking
- Health & wellbeing programme
- Private medical insurance
- Sick pay

Schedule:

- Monday to Friday

Supplemental pay types:

- Bonus scheme

Work Location: Hybrid remote in Leeds

Reference ID: 100513


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