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Financial Services Administrator

2 months ago

SouthendonSea, Southend-on-Sea, United Kingdom Reed Full time

Job Title: IBA Accounts Assistant

Job Type: Permanent

Industry: Insurance and Financial Services

Location: Remote Opportunity

Job Summary:

We are seeking a highly skilled and experienced IBA Accounts Assistant to join our team at Reed Accountancy & Finance. As a key member of our accounting team, you will be responsible for providing financial support to our clients in the insurance sector.

Key Responsibilities:

  • Cash Management: Ensure accurate and timely cash matching and allocation of funds.
  • Financial Reporting: Prepare statements for underwriters, clients, and third-party accounts, ensuring accuracy and compliance with regulatory requirements.
  • Credit Control: Chase outstanding premiums and request breakdowns for un-reconciled receipts, then allocate entries once received.
  • Payment Processing: Prepare payment runs for clients and underwriters and submit them for directors' approval.
  • Financial Analysis: Run fortnightly credit control reports to identify trends and areas for improvement.
  • Customer Service: Address queries from banks, clients, and brokers in a timely and professional manner.
  • Document Management: File all relevant documentation, including bank statements, remittance advices, and correspondence.

Requirements:

  • Experience: Proven experience in accounting and financial services, preferably in the insurance sector.
  • Skills: Strong analytical and problem-solving skills, with attention to detail and accuracy.
  • Education: Relevant qualifications in accounting or a related field.

What We Offer:

  • Competitive Salary: A competitive salary package that reflects your skills and experience.
  • Opportunity for Growth: The opportunity to work with a respected insurance broker and contribute to the growth and success of our team.
  • Continuous Professional Education: A commitment to continuous professional education, with study support when required.
  • Hybrid Working: The opportunity to work from home once you are fully competent in your new role.