Job Purpose: The purpose of this role is to monitor and facilitate the Group's investment of IBA related balances in money market funds, maximizing returns by expanding current investment levels and assisting with additional investments where appropriate. This role is instrumental in protecting our clients’ money under the CASS 5 rules whilst providing an efficient and compliant service to our stakeholders and is within the Oversight and Controls team.
Key Stakeholders:
* IBA Team members
* Business Colleagues including Account Executives & Handlers
* Management Accounts & Finance Business Partners
* Group Treasury
* Internal & External Auditors
* Clients
* Third parties including Insurers, Underwriters, Brokers, Finance Providers & Banking Partners
Responsibilities:
* Management of own workload to achieve targets and quality standards as per agreed objectives.
* Monitor and facilitate money for existing investments ensuring the Group is operating within the Group policy.
* Work with senior management and our treasury to maximize returns by increasing the entities we are investing in and increasing the percentage invested.
* Model and forecast predicted cash flows.
* Support our lead IBA MI team with monthly and ad hoc requests.
* Monitor quality standards within the team taking appropriate action to ensure expected standards are met.
* Completion of RMARs to provide supporting documents for FCA returns.
* Support the completion of process and procedure mapping and documentation.
* Track and reconcile third-party insurers.
* Oversight and reconciliation of the claims bank reconciliation.
* Provide support with audits requests.
* Identify control weaknesses to improve business performance.
* Proactively support continuous improvement opportunities.
* Identify and escalate breaches of company policy & CASS rules.
* Complete all mandatory training and development activities in required timeframe.
* Comply with all Group and departmental policies & procedures.
Qualifications
Essential
* GCSE Mathematics Grade 4 or above
* GCSE English Grade 4 or above
* (or equivalent)
Experience
Desirable
* Previous experience in finance administration or reconciliation.
* Previous experience of working in a financial services environment.
Knowledge
Desirable
* Knowledge of the insurance industry and insurer accounting is a plus.
Skills
Essential
* Strong analytical and problem-solving skills.
* Excellent attention to detail and accuracy.
* Proficient in using MS Office including Excel & Word.
* Effective communication and interpersonal skills.
* Ability to work independently and prioritize tasks.
Desirable
* Working knowledge of Power BI or similar visualization software.
* Use of Excel Macros or DAX.
* Previous experience using MS Vision.
REF-218 520
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