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About the Role
Provide efficient, high-quality accounting support to internal and external customers, ensuring day-to-day compliance with established systems, controls, and FCA Rules, including CASS 5 and Financial Crime prevention.
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 completed on a timely and accurate basis.
- Ensure accounting ledgers are maintained in an up-to-date and accurate manner.
- Produce accurate and timely management information on both a regular and ad hoc basis.
- Liaise regularly with other departments regarding outstanding queries, particularly cash queries.
- Ensure all outstanding cash under query with Underwriters are 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 the earliest possible stage and enlist assistance where appropriate.
- Assist the IBA Department Manager and team with other duties, ad hoc tasks, and projects.
- Champion the Price Forbes Re name and core values.
- Represent Price Forbes Re with clients, agents, suppliers, and other organisations.
- 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.
Requirements
- A good knowledge of FCA rules and guidelines relating to commercial and private customers.
- A good knowledge of FCA Rules CASS 5.
- 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
- 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 IT Skills: Open Twins, Brokasure Desktop, Global XB and DXC platforms.
Location
- London
- Flexible
Work Type
- Full time
- Permanent
- Hybrid
Experience Level
- 5 years experience in the insurance sector
Salary/Compensations
- Competitive salary
Benefits
- Apprenticeships
- Study support
- Participation in annual Spotlight Awards
- Community Trust
- Sports Teams
- Office socials and events
- Wellbeing programs
- Fantastic discounts across many big-name businesses (supermarkets, gym memberships, restaurants, healthcare cash plans etc.)
- Employer pension contribution of 10% (Employee provides 5%)
- Good work life balance - flexibility to suit you
- Life Assurance at X4 of your base salary
- Group Income Protection
- Generous Annual Leave entitlement
- Private Medical Insurance
- Group annual bonus scheme
About the Company
- At Price Forbes Re, we provide much more than just a workplace.
- We are dedicated to fostering skill development and knowledge within a team that is passionate about their work, values their Employees, and truly celebrates diversity.
- Working at Price Forbes Re means you’ll be part of The Ardonagh Group.
- We are proud of our innovative environment offering many opportunities for growth across the wider group.
- Employees regularly move between our united teams, and we encourage you to make your role your own.
- Our offices are lively and exciting places to be, but we understand that life needs flexibility, and offer a genuinely flexible approach to working.
- If you are looking to join a thriving, energetic business with exciting plans, this role could be an ideal fit for you.
Equal Opportunity
- We are an equal opportunities Employer, dedicated to creating a diverse, inclusive, and authentic workplace where everyone can thrive, bring their whole self to work, and reach their full potential.
- We truly value the diversity of our teams and as a Group, we are committed to supporting and welcoming individuals from all backgrounds, as we appreciate every perspective is a significant part of our success.
- Should you require any reasonable adjustment throughout the recruitment process, please do not hesitate to let a member of the Talent team know.