Insurance Broking Accounts Administrator (I-REC)
This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.
The Vacancy
Following our recent growth and future acquisition strategy we are looking to add to our teams and recruit an additional Insurance Broking Accounts Administrator in our Insurer Reconciliation (IREC) division, based in our brand-new Finance hub in Yeadon, next to Leeds Bradford Airport.
The overall objective of the role will be to provide a professional and efficient service to all customers, whilst ensuring full FCA compliance and following the CASS5 rules and guidelines. This applies to all businesses, processes, and PAS (Policy Admin System) operating systems that are utilised within the JMG Group of companies.
Key responsibilities of the role will include:
- To ensure accounts are settled within the agreed credit terms and in accordance with the FCA CASS rules
- Referring any commission adjustments for review
- Ensure commission differences are referred back to handlers/brokers for a system re-debit, ensuring client ledger and insurer ledger contras are matched and correct line item settled to the insurer (all PAS)
- The reconciliation of statements, involving identifying discrepancies and conducting a high level of problem solving.
- Commission reconciliation in lieu of premium settlement
- Dealing with queries from insurance companies.
- Dealing with internal referrals and queries.
- Populate payment files ready for cashbook upload to banking platforms and validation in accordance with payment processes and dual authorisation reviews
- Identify and report to line manger any identified procedural of CASS5 breaches for reporting onto Pentana compliance system
- Accurately process and maintain company business accounts.
- Manage own accounts and raise any concerns with reporting line manager or technical level 3 team members
What we are looking for
To be successful in this role the successful candidates will have an accounts administration background, ideally with insurer reconciliation experience or insurer knowledge and also have intermediate MS Excel experience, along with all other MS Office packages.
Any broking systems experience such as Acturis, OGI, SSP & TAM would be a distinct advantage.
The Company
JMG Group is a private equity backed insurance broker, based in Guiseley, Leeds with regional office representation around the UK. We are a top 30 broker with 650+ employees and we are growing at significance pace following our MBO that took place in November 2020.
JMG Group place over £300m of Gross Written Premium into the market and our teams are very well respected in the industry. Customer excellence and ‘doing the right thing’ is the backbone to our business ethos, which means that our talented people, high-tech systems, and robust processes are all central to our continued success.
Our Values
We don’t pretend to be the biggest or something we are not. We are really good at recruiting the best people in our market, looking after them and freeing them up to focus on what our customers want from us – professional advice, creating competition for their risk and sorting it out if they have a claim. We pride ourselves on this.
We believe size is important in our market as, without it, it’s harder to negotiate with insurers on behalf of our clients. Growing organically is everything to us, as it reinforces every day that our simple focus is on point – do everything to win and retain our customers.
Einstein called it, we believe in it. Risk and Insurance and running a regulated business is complex, and becoming more complex. At every opportunity, we try to distil what we do into a format that makes it easy for our clients to understand and make informed decisions.
To attract the best team you have to look after them. We invest in our teams constantly to get the best outcome for our clients. The investment takes many forms – continual training (technical, leadership, personal – basically whatever lifts that person into their better selves); a share in the ownership (if you own a bit of it you treat it differently); mentoring; flexible working; the list goes on. We don’t have any real assets on our balance sheet other than our team.
Whether it’s supporting local charities or sports clubs through sponsorship; introducing our clients to other clients to help expand their networks and grow their income; supporting our team when they have family challenges and we need to find a more flexible working pattern; or giving everyone their birthday off to enjoy the moment. We like asking ourselves “what’s the right thing to do” in any given situation.
When we decided to support 5 charities and raise £45,000 for them in our 45th year, we stretched ourselves beyond belief!
We are a supporter of local secondary schools in our communities – helping the students prepare and practice writing CVs, being interviewed and, generally speaking, ready for work.
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