IBA Accounts Technician/ Analyst
- Recruiter
- Randstad - Financial Services
- Location
- England, London, City of London
- Salary
- £30000 - £35000 per annum
- Posted
- 18 Oct 2021
- Closes
- 25 Oct 2021
- Ref
- PR-745362
- Contact
- Randstad Financial & Professional
- Job Title
- Finance Analyst
- Category
- Insurance
- Contract Type
- Permanent
- Hours
- Full Time
Job Purpose:
With assistance ensures premiums are collected on time from clients, funds received are reconciled with accounting entries and payments made to markets promptly. Additionally, working with the Claims Team, to ensure claims monies are collected when due and paid on to clients promptly.
Key Accountabilities:
● Analysis of bank receipts and payments and accurate and timely processing of related entries on the company accounting system.
● Reconciliation of cash receipts and payments with accounting entries within agreed processes and deadlines.
● With assistance processing payments to clients (premiums and claims), markets and third parties using the company bank's internet system - premiums and claims within agreed deadlines to ensure client satisfaction.
● With guidance responsible for London Bureau accounting (and de-linking)
● Involved in the preparation of IBA bank reconciliations.
● Dealing with foreign currency and exchange issues, as necessary.
● Assist in the liaison with clients, markets and internal stakeholders (written and verbal) ensuring queries and resolutions are provided in a timely manner to ensure client satisfaction.
● Run standard and ad-hoc accounting reports, as necessary.
● Maintain and input documented notes on outstanding issues and agreed actions (query log).
● Responsible for (with assistance as required) Credit control, including the prompt creation and distribution of client, underwriter and third party statements.
● Create and encourage an inspiring team environment with an open, equal and collaborative environment. Skills & Knowledge:
● Good communication and interpersonal skills.
● Good experience of working in a commercially focused finance function and producing management accounts and related reports.
● Organised and able to prioritise/re-prioritise due to constantly changing circumstances.
● Intermediate Microsoft excel skills and working with financial software/applications.
● Previous experience in IBA, ideally within a global corporate (re)insurance sector.
● Accurate and strong attention to detail ability to deal effectively with IBA documentation.
● Actively working towards chartered or certified professional qualification.
Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003