Reconciliation and Settlement Coordinator

3 days ago


Essex, United Kingdom Vermelo RPO Full time
Join Our Team as a Reconciliation and Settlement Coordinator:
We are currently seeking a highly skilled Reconciliation and Settlement Coordinator to join our team at Vermelo RPO. As an integral part of our finance department, you will be responsible for managing the reconciliation and settlement of insurer accounts, ensuring compliance with regulatory and financial standards.

The ideal candidate will have experience in a finance department, preferably in insurance broking or IBA accounts processes. You will possess strong analytical and reconciliation skills, with attention to detail, and excellent Excel knowledge and proficiency in data analysis. Your ability to communicate effectively with insurers and internal stakeholders will also be essential in this role.

The estimated salary for this position is £35,000 - £45,000 per annum, depending on experience. If you are a motivated and organized individual with a passion for finance, we encourage you to apply for this exciting opportunity.

Key Responsibilities:
• Manage the reconciliation and settlement of insurer accounts, ensuring compliance with regulatory and financial standards.
• Coordinate with underwriters, sales teams, and finance stakeholders to address queries and meet deadlines.
• Liaise with departments regarding queries and resolve issues efficiently.
• Ensure month end reconciliations are completed within specified deadlines.
• Maintain strong relationships with insurers through effective communication and negotiation.
• Oversee petty cash fund and reconcile transactions regularly.
• Complete required Continuing Professional Development (CPD) to stay updated on industry best practices.

Required Skills and Qualifications:
• Experience in a finance department, preferably in insurance broking or IBA accounts processes.
• Strong analytical and reconciliation skills, with attention to detail.
• Good understanding of regulatory standards and practices.
• Excellent Excel knowledge and proficiency in data analysis.
• Strong time management and organizational skills to prioritize tasks and meet deadlines.
• Ability to communicate effectively with insurers and internal stakeholders.

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