Insurance Broking Accounts Administrator
7 months ago
**About Us**
MG Group is a private equity backed insurance broker, based in Guiseley, Leeds with regional office representation around the UK. We are a top 30 broker with 500+ employees and we are growing at significance pace following our MBO that took place in November 2020.
JMG Group place over £250m of Gross Written Premium into the market and our teams are very well respected in the industry. Customer excellence and ‘doing the right thing’ is the backbone to our business ethos, which means that our talented people, high-tech systems, and robust processes are all central to our continued success.
**The Vacancy**
Following our recent growth and future acquisition strategy we are looking to add to our teams and recruit an additional Insurance Broking Accounts Administrator in our Insurer Reconciliation (IREC) division, based in our brand-new Finance hub in Yeadon, next to Leeds Bradford Airport.
The overall objective of the role will be to provide a professional and efficient service to all customers, whilst ensuring full FCA compliance and following the CASS5 rules and guidelines. This applies to all businesses, processes, and PAS (Policy Admin System) operating systems that are utilised within the JMG Group of companies.
**Key responsibilities of the role will include**:
- To ensure accounts are settled within the agreed credit terms and in accordance with the FCA CASS rules
- Referring any commission adjustments for review
- Ensure commission differences are referred back to handlers/brokers for a system re-debit, ensuring client ledger and insurer ledger contras are matched and correct line item settled to the insurer (all PAS)
- The reconciliation of statements, involving identifying discrepancies and conducting a high level of problem solving.
- Commission reconciliation in lieu of premium settlement
- Dealing with queries from insurance companies.
- Dealing with internal referrals and queries.
- Populate payment files ready for cashbook upload to banking platforms and validation in accordance with payment processes and dual authorisation reviews
- Identify and report to line manger any identified procedural of CASS5 breaches for reporting onto Pentana compliance system
- Accurately process and maintain company business accounts.
- Manage own accounts and raise any concerns with reporting line manager or technical level 3 team members
**What we are looking for**
Any broking systems experience such as Acturis, OGI, SSP & TAM would be a distinct advantage.
**Job Types**: Full-time, Permanent
Pay: £25,000.00-£29,000.00 per year
**Benefits**:
- Casual dress
- Company pension
- Cycle to work scheme
- Free parking
- Health & wellbeing programme
- Referral programme
Schedule:
- Monday to Friday
- No weekends
**Experience**:
- Financial administration: 2 years (preferred)
- insurance broking finance or admin: 1 year (preferred)
Work Location: In person
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