At a Glance
- Tasks: Administer premium finance agreements and ensure accurate data management.
- Company: Join Lycetts Insurance Brokers, part of Benefact Group, known for exceptional service.
- Benefits: Competitive salary, hybrid working, generous leave, and career development support.
- Other info: Inclusive culture with fantastic growth opportunities and a commitment to charity.
- Why this job: Be part of a team making a difference while building a sustainable future.
- Qualifications: Experience in financial administration and strong numerical skills required.
The predicted salary is between 30000 - 40000 £ per year.
Working hours: 35 hours per week, Monday to Friday
Duration: Permanent
Location: Newcastle Upon Tyne
About the role
Lycetts Insurance Brokers, who are proudly part of Benefact Group, are looking for an Insurance Finance Administrator to join our Newcastle office. At Lycetts, we’re known for our specialist expertise and exceptional service, and we’re looking for a detail‑focused individual to support our premium finance function. As an Insurance Finance Administrator you'll be responsible for the accurate and timely administration of premium finance arrangements within our insurance broking business. You’ll ensure finance agreements are set up correctly, payments are processed and reconciled efficiently, and queries are handled promptly. Your role will help maintain strong cash flow, data integrity and compliance, while delivering a high‑quality service to both colleagues and clients.
Why join us?
Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK's 15 Best Big Companies to Work For in 2025, we offer fantastic career and development opportunities within a rapidly growing, innovative Group — where all profits go to charity and good causes.
What you'll be doing:
- Administer premium finance agreements from initial setup through to settlement
- Ensure accurate input and maintenance of premium finance data on broking systems
- Process and reconcile premium finance payments and lender statements
- Monitor client payment activity and support arrears and cancellation processes in line with policy
- Respond to queries from broking teams, finance, and premium finance providers
- Support month‑end and periodic reconciliations relating to premium finance accounts
- Maintain accurate records and documentation in line with audit and regulatory requirements
- Support the production of management information where required
- Adhere to FCA requirements, Treating Customers Fairly (TCF), and internal procedures
- Contribute to continuous improvement of premium finance processes and controls
What you'll need to have:
- Experience handling reconciliations, payments, or financial administration
- Strong numerical and data‑handling skills
- High attention to detail and accuracy
- Good organisational skills with the ability to manage routine deadlines
- Clear and professional communication skills
- Ability to follow procedures and escalate issues appropriately
What makes you stand out:
- Experience in a premium finance, credit control, or insurance finance environment
- Basic understanding of insurance premium finance products and processes
- Experience working in a regulated environment
- AAT (or working towards) desirable but not essential
- Competent user of broking systems (e.g. Acturis) and Microsoft Excel
- Awareness of FCA regulation relevant to premium finance
What we offer:
- A competitive salary - let's discuss it
- Hybrid working available upon successful completion of probation
- Employer pension contribution of 5% rising to 10% after 5 years membership of the pension scheme
- Annual Bonus scheme (Discretionary based on individual and company performance)
- Life Assurance cover up to 4 x salary, and Group Income Protection scheme up to 65% of salary
- 25 days annual leave plus bank holidays (rising to 26 and 27 for 5 and 10 years’ service respectively)
- Career development opportunities with funded support and financial incentives for all professional qualifications.
- An Employee Assistance Programme with a wide range of benefits helping employees to stay healthy and feel supported.
About us
The Lycetts Group has over 60 years’ experience of providing a comprehensive range of insurance, risk management and financial advice to a broad cross section of commercial and private clients. We strive to be a trusted adviser to our clients and are proud of our continued high client satisfaction scores. Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size. We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better. At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone. If you need any additional support during the recruitment process, then please let us know.
Equal Opportunities
We welcome applications from everyone.
Insurance Finance Administrator in Newcastle upon Tyne employer: Benefact Group plc
At Lycetts Insurance Brokers, part of the Benefact Group, we pride ourselves on fostering a collaborative and inclusive work culture that prioritises employee growth and development. Located in Newcastle Upon Tyne, we offer competitive salaries, generous annual leave, and a commitment to charitable giving, ensuring that our employees not only thrive professionally but also contribute to meaningful causes. Join us to be part of a team that values your contributions and supports your career aspirations in a rapidly growing and innovative environment.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Finance Administrator in Newcastle upon Tyne
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Benefact Group plc). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Benefact Group plc. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Insurance Finance Administrator in Newcastle upon Tyne
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Benefact Group plc.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Benefact Group plc. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Benefact Group plc
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Benefact Group plc to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Benefact Group plc, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Benefact Group plc's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
