IBA Accounts Asst
IBA Accounts Assistant
City based. WFH- Flexible post covid
Salary £25,000 - £35,000
An opportunity for organised and proactive IBA Accounts Assistant
This role has accountability for ensuring all finance information is accurate and produced in a timely and efficient manner, including statements, LPANs, etc.
Allocating receipts and payments posted, investigating differences and liaising with the brokers;
Responsible for the balancing of cash books for bank accounts;
Reviewing bank reconciliation's on a daily basis and dealing with queries;
Producing and submitting LPANs; preparation of payment to insurers on a weekly basis
Processing invoices and accounting entries, processing market closings via Xchanging and managing line slips as required;
Reviewing, monitoring and resolving technical questions from Xchanging, clients, markets, credit control, claims and the business unit, to ensure that the client's best interests are maintained;
Producing and forwarding documentation to Lloyd's/LIRMA market via Xchanging;
Weekly calculation and draw down of their income to be monitored and reported;
Working closely with COO to perform credit control functions;
Ensuring outstanding accounts are chased where necessary by email, and telephone for UK and overseas clients according to Company procedures;
Responsible for the management and reporting of aged creditors and unallocated cash; preparation of
Maintaining compliance with any applicable UK or International statutory or regulatory obligation as required;
Assisting with preparation of client money calculations and regulatory reports
Other accounting tasks including accounts payable, expenses processing and reconciliation's
Practical hands-on Insurance experience in a similar role working for brokers, MGA or similar environment
Use of market systems - IMR, ECF advantageous
I.T. systems: Excel (required); Salesforce and Acturis (preferred)
MW Appointments is acting as an Employment Agency in relation to this vacancy.
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