Join Our Team as an Insurance Business Accounts Specialist /Head!
Location: Flexible (Midlands/South West - Birmingham, Swindon, Worcester, Bristol, London)
Salary: £75,000 to £105,000 (Negotiable)
Overview:
Are you an experienced insurance professional ready to enhance finance operations? We are seeking a Insurance Business Accounts Specialist/ Head to lead our Insurance Business Accounts (IBA) department. This role will report directly to the VP of Finance and is pivotal for driving financial excellence within our organisation.
Key Responsibilities:
* Team Management:
o Manage the IBA team, with an anticipated growth in team size and geographical spread due to potential acquisitions and company restructuring.
* Compliance Oversight:
o Ensure adherence to company procedures, binder terms of agreement, and statutory regulations, including compliance with the FCA's Client Money rules.
* Department Accountability:
o Oversee all departmental activities, including:
+ Production of premium and claims bordereau for insurers and agency statements.
+ Maintenance of accurate and up-to-date ledger balances.
+ Collection (including credit control) and allocation of all insurance business cash receipts and payments.
+ Authorisation of payment requisitions and processing of all cheque/BAC's payment runs for claims, insurer bordereau, agency statements, and client refunds.
+ Resolution of all accounts-related queries.
* Relationship Management:
o Maintain and develop relationships with premium credit providers, credit card service providers, clients, insurers, appointed representatives, and auditors.
* Budgetary Support:
o Assist in the annual budgetary process, providing insights and forecasts as required.
* Project Sponsorship:
o Act as the sponsor for multiple large projects aimed at improving IBA systems and processes.
Required Skills and Qualifications:
* Extensive Insurance Brokerage Accounting Knowledge.
* London Market Expertise with insights into end-to-end processes.
* Strong knowledge of FCA CASS 5 rules and familiarity with the fiduciary environment.
* Strong analytical and process mapping skills.
* Diverse broking sector knowledge.
* Change management experience with internal and external partners.
* Excellent communication skills (verbal and written), with the ability to represent the department at senior meetings.
* Collaborative mindset to improve divisional support and efficiencies.
Additional Qualifications:
* Financial Reporting: Ability to prepare accurate and timely financial reports for the VP of Finance.
* Budgeting and Forecasting: Proficiency in developing budgets and financial forecasts to support strategic planning.
* Regulatory Compliance: Understanding of regulatory requirements affecting insurance brokerage accounting.
* Process Improvement: Proven track record of identifying inefficiencies and implementing process improvements.
* Leadership Skills: Ability to mentor and guide junior staff, fostering a culture of continuous improvement.
* Project Management Experience: Ability to manage multiple projects simultaneously while meeting deadlines.
* Stakeholder Management: Experience collaborating with various stakeholders to ensure alignment with organisational goals.
This is a fantastic opportunity to help our team evolve and modernise by embracing change and technology. If you have a passion for leadership and mentoring, we want to hear from you!
Apply now and be part of our growth!
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