Client Money Handler

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Client Money Handler

Location: Milton Keynes(On-Site)

Package: Negotiable + Benefits

This position is a great start and introduction to Insurance Broking Accounts with vast exposure to various businesses and insurance accounting.

The Day To Day:

• Provide accounting & administration support within our Client accounting team
• Reconciling and settling Insurer accounts
• Pay insurer accounts on a monthly basis; involves checking that client has paid, that insurer is quoting the correct premium and commission, that the account is paid according to our terms of payment with each insurer, and in compliance with FCA regulations
• Check each insurer account at the beginning of each month for long outstanding credits or debits and bring to the attention of the relevant account handler
• Organise payment for each insurer online by BACS
• Cash accounting work - Posting of client payments; cash, credit cards, internet and BACs payments – For Hedron connect and broking desk only
• Raise queries and maintain logs for unallocated cash receipts
• Issue premium refunds to clients
• Reconciliation of IBA bank account
• Perform due diligence on insurer/client/third party payments
• Monitor client receipts including cheque logs to confirm timeliness of banking
• Prepare list of 3rd party payments made
• Production of earned income payments as per the allocated schedule
• Run system month ends and ad-hoc system reports

About You:

• This Position requires no previous experience.
• This role will suit those with an interest in working in a finance environment, recent school and college leavers or anyone looking for a change of employment.
• The role involves carrying out both accounts and administrative support in the accounts department. If you’re well organised, can play close attention to detail and like being part of a team, this role could suit you perfectly.

The Rewards:

• A negotiable basic salary, a benefits package that includes all the normal pieces (Pension, Holidays, DIS, Share Save) and access to a wider flexible benefits package once you’ve completed your probation
• An adult working environment.
• Full support for ongoing development, with regular training and development available and funding available for professional qualifications

We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.