CASS Regulatory Specialist
3 weeks ago
We are a dynamic and forward-thinking insurance broker and administrator committed to delivering exceptional service to our clients.
Job SummaryWe are seeking a highly skilled CASS Accountant to join our team in this exciting role. The successful candidate will be responsible for providing support to the IBA Controls & MI Manager in ensuring the IBA control environment complies with FCA CASS regulation.
Key Responsibilities- Ensuring timely and accurate controls & reconciliations as per the FCA requirements across various Group bank accounts including client money calculations, paper bank reconciliations, bank reconciliations, and insurer money calculations.
- Providing timely MI and insightful commentary to assist the IBA Controls & MI Manager and other stakeholders identify control weaknesses and improve business performance.
- Identifying and resolving root causes arising from reconciliation issues working with the IBA team and stakeholders to address and improve business performance and internal controls.
- Coordinating CASS and statutory audits, agreeing deadlines, ensuring deliverables meet requirements and managing queries to resolution.
- Investigating and logging CASS breaches, identifying root causes and working with colleagues to resolve and prevent future occurrences.
- Ensuring a comprehensive understanding of unidentified cash amounts, working closely with IBA and business colleagues to clear in accordance with agreed timelines.
- Collaborating with the business and IBA Team to optimise cashflow from IBA related activities by building rolling forecasts and identifying areas of improvement.
- Developing and maintaining strong relationships across the organisation and effectively communicating with various key stakeholders.
- Leading the IBA Controls Team, providing effective feedback and training and development opportunities to new and existing team members.
- ACCA / ACA qualified accountant
- Proven experience of managing teams including performance management & training and development
- Working knowledge of broking systems including Acturis, Websure, SSP, Epic and TAM
- In-depth understanding of FCA CASS regulation, preferably with experience of CASS audits
- Familiarity with mainstream bank providers and multi-currency operations
- Excellent written and verbal communication skills
- Advanced skills in MS Office suite especially with MS Excel
- Able to work independently and as part of a team
- £55,000 - £65,000 per annum salary
- Generous holiday allowance with the annual option to buy additional days
- Death in Service benefit of x4 salary
- Pension scheme
- Enhanced maternity and paternity leave packages
- Flexible benefits package allowing you to tailor your benefits
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