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IBA Account Handler

Salary Available on request
Location Southend, SS1 1EF
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

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 preventio

Key Accountabilities - Overall key description of what the job is about

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 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 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.

Person Specification - Knowledge, Skills, Qualifications and Experience Required

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
  • 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 and Global XB

#PFRe

It is deemed that you accept and agree the content of this Job Description is accurate, unless you raise a query within 14 days of receipt. Proce Forbes Re reserves the right to amend the content of this Job Description to meet the needs of the business.

 

 

 

 

 

 

 

Ardonagh Specialty Holdings Ltd incorporates Bishopsgate Insurance Brokers Ltd, Price Forbes & Partners Ltd, Ed Broking, Besso and Piiq. Together, these leading brands offer independent expertise and truly global reach across an unrivalled breadth of markets and client needs.

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