IBA Accounts Handler
This vacancy is published by an accredited employer with authorized corporate payroll and standard compliance adherence.
Transatlantic Cost of Living & Purchasing Power Benchmark
Position Overview & Specifications
Job Purpose
The purpose of this role is to:
- To provide efficient, high quality accounting support to internal and external customers
- To ensure day to day compliance with the systems and controls, established by the firm and to ensure compliance with FCA Rules CASS 5.4
- To ensure compliance with FCA rules on Financial Crime prevention
Main Responsibilities:
- Ensure all debts are collected as soon as possible and all liabilities are settled within agreed credit terms
- Ensure all cash received is matched as soon as possible
- Ensure that all processes are being completed on a timely and accurate basis
- Ensure accounting ledgers are maintained in an up to date and accurate manner.
- To produce accurate and timely management information on both a regular and ad hoc basis
- Regular liaison with other departments regarding outstanding queries, particularly cash queries
- Ensure that all outstanding cash under query with the clients/underwriters is chased on a monthly basis
- Prepare and despatch statements of accounts in accordance with account holders’ requirements and/or when requested by divisions
- Maintain accurate, comprehensive and up to date records, accessible to all parties that require them
- Monitor client money payments to intermediary placing brokers
- Notify appropriate individuals of potential bad debts at earliest possible stage and enlist assistance where appropriate
- Undertake other duties and ad hoc tasks and projects
Representing Ed:
- Champion the Ed name and core values.
- Represent Ed with clients, agents, suppliers and other organisations.
Compliance:
- Comply with relevant legal, regulatory and Ed compliance requirements, Errors and Omissions (E&O) compliance procedures and quality initiatives.
- Escalate any potential E&O's to Divisional Directors and the Legal & Compliance team at the earliest opportunity.
The above list of responsibilities is not exclusive or exhaustive and the job holder may be required to undertake such tasks as reasonably expected within the scope of the role.
Person Specification
Knowledge Required:
- A good knowledge of FCA rules and guidelines relating to commercial and private customers
- A good knowledge of FCA Rules CASS 5.4
- A good knowledge of general insurance and underlying legal principles
- A good knowledge of banking methods and accounting principles
- 3 - 5 years’ experience working in the insurance sector or equivalent
Skills Required:
- Develop and sustain good working relationships with internal and external clients
- Ability to work supportively and jointly with colleagues
- Confident and effective telephone skills.
- Ability to work under pressure when necessary.
- Ability to construct written communications that are effective and meet business needs.
- Ability to prioritise and organise own workload to ensure that deadlines are adhered to
- Accurate data input skills
- IT Skills: MS Word, MS Excel, Brokasure Desktop (desirable)
Candidate Selection & Onboarding Process
Application & Resume Screening
Submit your tailored CV/Resume directly to the talent acquisition portal.
Technical & Competency Interviews
Virtual interviews with the hiring manager and multidisciplinary team.
Formal Offer & Benefits Negotiation
Written agreement outlining compensation, equity, retirement vesting, and relocation allowances.
Onboarding & Corporate Integration
Equipment provisioning, team orientation, and commencement of duties.
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IBA Accounts Handler • The Ardonagh Group
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