IBA Accounts Technician (Underwriting)

Job Title: IBA Accounts Technician (Underwriting)

Location: London/Flexible (Typically 2/3 days in the office)

Type: Full time – Permanent (If you are a job share partnership, work reduced hours, or any other way of working flexibly, please do still get in touch)

At Price Forbes Re, we provide much more than just a workplace. We are dedicated to fostering skill development and knowledge within a team that is passionate about their work, values their Employees, and truly celebrates diversity.

Working at Price Forbes Re means you’ll be part of The Ardonagh Group. We are proud of our innovative environment offering many opportunities for growth across the wider group. Employees regularly move between our united teams, and we encourage you to make your role your own.

Our offices are lively and exciting places to be, but we understand that life needs flexibility, and offer a genuinely flexible approach to working. If you are looking to join a thriving, energetic business with exciting plans, this role could be an ideal fit for you.

What we can offer:

We offer much more than just an inclusive culture with apprenticeships, study support, participation in our annual Spotlight Awards, Community Trust, Sports Teams, office socials, events and so much more. All of this with a supportive management team as well as working alongside some of the industry’s top talent.

You’ll have access to wellbeing programs, fantastic discounts across many big-name businesses including supermarkets, gym memberships, restaurants, and healthcare cash plans etc.

Further perks of working with us (Fixed benefits):

• Employer pension contribution of 10% (providing you, the Employee provides 5%).
• Good work life balance - flexibility to suit you.
• Competitive salary.
• Life Assurance at X4 of your base salary.
• Group Income Protection.
• Generous Annual Leave entitlement.
• Private Medical Insurance.
• Group annual bonus scheme.

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
• 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 Underwriters are chased on a weekly 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 company stakeholders
• Notify appropriate individuals of potential bad debt exposures at earliest possible stage and enlist assistance where appropriate
• Assist the IBA Department Manager and team to undertake other duties, ad hoc tasks and projects

Representing Price Forbes Re:

Champion the Price Forbes Re name and core values

Represent Price Forbes Re with clients, agents, suppliers and other organisations

Compliance:

Comply with relevant legal, regulatory and Ardonagh 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.

Knowledge Required:

• A good knowledge of FCA rules and guidelines relating to commercial and private customers
• A good knowledge of FCA Rules CASS 5
• A good knowledge of general insurance and underlying legal principles
• A good knowledge of banking methods and accounting principles
• 5 years’ experience working in the insurance sector

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, Outlook. Desirable: Open Twins, Brokasure Desktop, Global XB and DXC platforms

We are an equal opportunities Employer, dedicated to creating a diverse, inclusive, and authentic workplace where everyone can thrive, bring their whole self to work, and reach their full potential. If you’re excited about this role, but your experience doesn’t perfectly match what we are looking for, please apply anyway. You might just be the right fit for the job, or other opportunities we may have within the wider Group.

#PFRe

If your application is successful, we will conduct relevant employment checks prior to you commencing employment with us. These will include verifying your recent employment, address, credit history, and a standard criminal record check.

Note to recruiters and employment agencies:

We will not pay for unsolicited CV's from recruiters and employment agencies unless we have a signed agreement and have requested assistance, in writing, for a specific vacancy.