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- Tasks: Manage client payments, reconcile accounts, and maintain accurate financial records.
- Company: Join Thomas Carroll Group PLC, a diverse and inclusive employer in the finance sector.
- Benefits: Enjoy a full-time role with a competitive salary and a supportive team environment.
- Why this job: Gain valuable finance experience while ensuring compliance and supporting clients in a dynamic setting.
- Qualifications: A-C Grade in GCSE Maths, strong attention to detail, and proficiency in Microsoft Excel required.
- Other info: Flexible hours during busy periods and opportunities for professional development.
The predicted salary is between 20000 - 30000 £ per year.
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- Receive, process, and reconcile client payments.
- Maintain accurate records of client funds in compliance with regulatory guidelines.
- Monitor client money accounts and ensure proper segregation of funds
- Allocating upto £64m GWP to client insurance records
- Generating timely and efficient client refunds in line with Treating customers fairly guidelines
- Liaise with insurers to reconcile accounts and ensure timely settlement as per terms of business
- Verify accuracy of insurer invoices/statements and resolve discrepancies with insurer partners and with internal Account Exec teams
- Facilitate the transfer of funds between the brokerage and insurer
- Maintain organised and up-to-date financial records in line with the relevant accounting standards
- Prepare reports on client money transactions and insurer accounts as and when required, such as Due & Settled Reports, Unallocated Cash Report, Aged Debts Reports.
- Assist with audits and regulatory inspections related to client funds.
- Banking of group money
- Control, diary, preparation of sub agents and acquired brokers – commission reports
Compliance and Regulatory Oversight:
- Ensure compliance with relevant regulatory requirements, such as Financial Conduct Authority (FCA) rules.
- Stay informed about changes in regulatory guidelines and implement necessary procedures.
- Participate in training programs to enhance understanding of compliance obligations.
Team Support:
- Collaborate with colleagues in the finance department to streamline processes and improve efficiency.
- Provide support to other team members as needed, such as assisting with month-end procedures or ad-hoc projects.
- Requirement to be flexible around busy periods such as month end and financial year end.
Requirements
Qualifications and Skills:
- Strong attention to detail and accuracy
- Excellent communication skills, both written and verbal.
- Ability to prioritise tasks and work effectively in a fast-paced environment.
- Proficiency in Microsoft Excel
- A-C Grade in GCSE Maths
- Good IT Skills within the Microsoft ecosystem (Word, Outlook, Teams, Excel)
- Previous experience in a finance role, preferably within the insurance or financial services industry.
- Knowledge of regulatory requirements governing client money handling (e.g., FCA CASS rules).
- Knowledge of basic bookkeeping (Debits/Credits)
Job Type & Working Hours
Full-time
35 hours per week
9am to 5pm, Monday to Friday, including paid lunch break for one hour
Salary £25,000
Other information
Thomas Carroll Group PLC
a. Pendragon House, Crescent Road, Caerphilly CF83 1XX
Thomas Carroll are an Equal Opportunity Employer and are committed to excellence through diversity.
Information from this application may be processed for purposes permitted under the General Data Protection Regulation. Individuals have, on written request, the right of access to personal data held about them.
The organisation treats personal data collected during the recruitment process in accordance with its data protection policy. Information about how your data is used and the basis for processing your data is provided in the organisation\’s job applicant privacy notice.
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Group Finance Clerk employer: Thomas Carroll
Contact Detail:
Thomas Carroll Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Finance Clerk
✨Tip Number 1
Familiarise yourself with the Financial Conduct Authority (FCA) rules, especially those related to client money handling. Understanding these regulations will not only help you in the interview but also demonstrate your commitment to compliance and regulatory oversight.
✨Tip Number 2
Brush up on your Microsoft Excel skills, as proficiency in this software is crucial for the role. Consider taking an online course or practicing with financial data to showcase your ability to manage and analyse client funds effectively.
✨Tip Number 3
Network with professionals in the finance and insurance sectors. Attend industry events or join relevant online forums to connect with others who can provide insights into the role and potentially refer you to opportunities at StudySmarter.
✨Tip Number 4
Prepare to discuss your previous experience in finance during the interview. Be ready to share specific examples of how you've handled client payments, reconciled accounts, or ensured compliance with regulatory guidelines, as this will highlight your suitability for the Group Finance Clerk position.
We think you need these skills to ace Group Finance Clerk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance, particularly any roles related to client money handling or insurance. Use specific examples that demonstrate your attention to detail and accuracy.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Group Finance Clerk position. Mention your understanding of regulatory requirements like FCA rules and how your skills align with the job description.
Highlight Relevant Skills: Emphasise your proficiency in Microsoft Excel and any previous experience in finance roles. Mention your ability to work under pressure, especially during busy periods like month-end and year-end.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Thomas Carroll
✨Know Your Numbers
As a Group Finance Clerk, you'll be dealing with significant amounts of money. Brush up on your knowledge of financial terms and calculations, especially those related to client funds and regulatory compliance. Being able to discuss these confidently will impress your interviewers.
✨Demonstrate Attention to Detail
This role requires a strong attention to detail. Prepare examples from your past experience where your meticulous nature helped avoid errors or improved processes. Highlighting this skill will show that you understand the importance of accuracy in finance.
✨Familiarise Yourself with Regulatory Guidelines
Understanding the Financial Conduct Authority (FCA) rules is crucial for this position. Make sure you can discuss relevant regulations and how they impact client money handling. This will demonstrate your commitment to compliance and your readiness for the role.
✨Show Team Spirit
Collaboration is key in finance roles. Be prepared to talk about how you've worked effectively within a team in the past. Share specific examples of how you supported colleagues or streamlined processes, as this will highlight your ability to contribute positively to the team environment.