About Us
JMG Group is a Private Equity backed insurance broking group based in Guiseley, West Yorkshire with regional office representation around the UK. We are a top 30 broker, growing rapidly having completed numerous acquisitions and doubled in size since we completed our MBO in November 2020. We place over £380m of Gross Written Premium into the market annually and our teams are well respected in the industry. Customer excellence is the backbone of our business, which means that our people, systems, and processes are central to our success.
Following our recent growth and future acquisition strategy we are looking to add to our team and recruit a Group Treasury Officer to join our Group Treasury Manager to be based in Yeadon. The successful candidate will join a well-established, friendly and highly experienced Insurance Broking Accounts team.
The opportunity
This is a wide-ranging role which will require regular interaction with senior stakeholders across our existing entities as well as ensuring appropriate and effective onboarding of newly acquired businesses whilst ensuring full FCA compliance. Smooth onboarding and management of all bank accounts, MID’s and payment portal access with dual payment approvals implemented. Ensuring identified CASS breaches are reported via our compliance platform, subsequently investigated and resolved/closed in a timely manner – making improvement suggestions as necessary. Support the Finance Director (Regulatory and Client) in all matters affecting teams access and processes.
Key Responsibilities
* Ensure all Key Performance Indicators are achieved and are attained compliantly with FCA regulation.
* To ensure dual authorisation across all bank accounts.
* Maintain bank accounts log and team member online systems access.
* Close dormant/run-off accounts in a timely manner.
* Streamline the service needs of business and banking relationships keeping updated beneficial ownership and Director information for ease of reference.
* Ensure client money is handled and reconciled in accordance with FCA regulation and internal procedures, as detailed in the Compliance Manual.
* Be aware of the company’s Compliance Manual and ensure a full understanding of the following chapters. Ensure full compliance to the procedures contained within the manual.
* Financial requirements.
* Complaints.
* Training and Competence / TCF.
* Report any potential breaches, including weaknesses in current systems, to Finance Director (Regulatory & Client).
* Ensure personal data (client and employee) is secure, held and properly utilised in accordance with the principles of the Data Protection Act.
* Monitor account balances to avoid overdrawn status.
* Prepare office sweep balance reports for authorisation by the Group Treasury Manager.
* Serve as the secondary contact with commercial banks in cash management services, trust, custody and with business managers regarding day-to-day treasury needs.
* Prepare account opening forms in accordance with the PAS, obtaining the appropriate CASS5 letter from the bank and close accounts in a timely manner as run-off concludes.
* Maintain and update bank mandates of all entities ensuring early adoption of central requirements for dual signatories and addition of senior board on all bank accounts.
* Review and analyse banking fees to identify cost reductions.
* Serve as secondary administrator on online banking platforms.
* Support internal and external auditor requirements and take any necessary action for issues identified.
* Manage corporate card users applications and online account ClearSpend.
* Prepare and maintain user access to online/integrated card payment portals. MID requirements & system integration.
* Monitor adherence to client money requirements across all group businesses, including businesses with their own cashbook functions – reporting and following up all CASS breaches on the compliance portal and providing team feedback to improve knowledge.
* Take proactive action to move DDM’s to the central bank account with the intention of closing excess office bank accounts.
* As we continue to grow JMG Group is continuing to invest in technology solutions and you will be expected to be instrumental in the roll out of new systems and team training.
Key attributes:
* Clear, concise and confident communicator, happy to take the lead.
* Proven organisational skills and the ability to effectively prioritise tasks.
* Experienced in analysing information.
* Good interpersonal skills.
* Good PC skills, especially MS Excel.
* Previous experience in Treasury finance is desirable.
* Banking industry, Insurance industry and regulated environment experience advantageous, but not essential.
If you have any banking system experience such as Barclaycard MID, Credit Cards, NatWest, RBS, HSBC, Bank of Scotland, Virgin Money or Santander then this would be highly advantageous.
Job Types: Full-time, Permanent
Pay: From £25,000.00 per year
Benefits:
* Additional leave.
* Company pension.
* Cycle to work scheme.
* Enhanced maternity leave.
* Enhanced paternity leave.
* Free parking.
* Health & wellbeing programme.
* Paid volunteer time.
* Referral programme.
* Sick pay.
Schedule:
* Monday to Friday.
* No weekends.
Work Location: In person
Application deadline: 16/01/2025
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