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For Companies At a Glance
- Tasks: Manage accounts, ensure compliance, and resolve discrepancies in a dynamic insurance environment.
- Company: Join JMG Group, a top 30 insurance broker with a strong UK presence.
- Benefits: Enjoy competitive salary, enhanced leave, health programmes, and casual dress.
- Why this job: Be part of a growing team and make a real impact in the insurance industry.
- Qualifications: Experience in accounts administration and MS Excel; knowledge of broking systems is a plus.
- Other info: Work in a brand-new finance hub with excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
JMG Group is a private equity-backed insurance brokerage, headquartered in Guiseley, Leeds, with a strong and growing presence across the UK. As a Top 30 broker with over 900 employees, we are experiencing rapid growth and continued success in the market. We place in excess of £350 million in Gross Written Premium annually, and our teams are highly respected throughout the insurance industry. At the heart of our business is a commitment to customer excellence and always doing the right thing values that shape everything we do.
The Vacancy
Following our recent growth and future acquisition strategy we are looking to add to our teams and recruit an additional Insurance Broking Accounts Administrator in our Insurer Reconciliation (IREC) division, based in our brand-new Finance hub in Yeadon, next to Leeds Bradford Airport. The overall objective of the role will be to provide a professional and efficient service to all customers, whilst ensuring full FCA compliance and following the CASS5 rules and guidelines.
Key Responsibilities:
- To ensure accounts are settled within the agreed credit terms and in accordance with the FCA CASS rules.
- Referring any commission adjustments for review.
- Ensure commission differences are referred back to handlers/brokers for a system re-debit, ensuring client ledger and insurer ledger contras are matched and correct line item settled to the insurer (all PAS).
- The reconciliation of statements, involving identifying discrepancies and conducting a high level of problem solving.
- Commission reconciliation in lieu of premium settlement.
- Dealing with queries from insurance companies.
- Dealing with internal referrals and queries.
- Populate payment files ready for cashbook upload to banking platforms and validation in accordance with payment processes and dual authorisation reviews.
- Identify and report to line manager any identified procedural of CASS5 breaches for reporting onto Pentana compliance system.
- Accurately process and maintain company business accounts.
- Manage own accounts and raise any concerns with reporting line manager or technical level 3 team members.
What We Are Looking For:
To be successful in this role the successful candidates will have an accounts administration background, ideally with insurer reconciliation experience or insurer knowledge and also have intermediate MS Excel experience, along with all other MS Office packages. Any broking systems experience such as Acturis, OGI, SSP & TAM would be a distinct advantage.
What We Offer:
- Death in service.
- Enhanced maternity/paternity leave.
- Company pension.
- Cycle to work scheme.
- Free parking.
- Health & wellbeing programme.
- Referral programme.
- Casual dress.
- Many more.
Insurance Broking Accounts Administrator (I-REC) in Leeds employer: Tony Charters and Associates
Contact Detail:
Tony Charters and Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Broking Accounts Administrator (I-REC) in Leeds
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those at JMG Group. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of FCA CASS rules and insurer reconciliation processes. We want you to shine when discussing how your skills align with the role!
✨Tip Number 3
Show off your Excel skills! Be ready to demonstrate how you've used spreadsheets in past roles. We love seeing candidates who can handle data like a champ.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're keen on joining our awesome team at JMG Group.
We think you need these skills to ace Insurance Broking Accounts Administrator (I-REC) in Leeds
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Insurance Broking Accounts Administrator role. Highlight any relevant experience you have in accounts administration or insurer reconciliation, and don’t forget to mention your MS Excel skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're a great fit for the role and how your values align with JMG Group's commitment to customer excellence. Keep it concise but impactful!
Showcase Your Problem-Solving Skills: Since the role involves a lot of reconciliation and dealing with discrepancies, make sure to highlight any past experiences where you've successfully solved problems or handled queries. We love a proactive approach!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re keen on joining our team at JMG Group!
How to prepare for a job interview at Tony Charters and Associates
✨Know Your Numbers
Make sure you brush up on your knowledge of accounts administration and insurer reconciliation. Be prepared to discuss specific figures or examples from your past experience that demonstrate your ability to manage accounts effectively.
✨Excel is Your Best Friend
Since intermediate MS Excel skills are a must, practice using functions and formulas that are relevant to the role. Bring up any specific projects where you used Excel to solve problems or streamline processes during the interview.
✨Understand CASS Rules
Familiarise yourself with FCA CASS rules and guidelines, especially CASS5. Being able to discuss how you’ve ensured compliance in previous roles will show that you’re serious about maintaining high standards in your work.
✨Prepare for Problem Solving
Expect questions that test your problem-solving skills, especially regarding discrepancies in accounts. Think of examples where you identified issues and how you resolved them, as this will highlight your analytical abilities and attention to detail.
