Insurance Broking Accounts Administrator (I-REC)

Insurance Broking Accounts Administrator (I-REC)

Posted Today by JMG Group

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Negotiable
Undetermined
Undetermined
Guiseley, England, United Kingdom
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Authorisation (Computing) Banking Bank Reconciliations Debits And Credits Finance Financial Services Authority General Insurance Ledgers (Accounting) Microsoft Excel Microsoft Office Operating Systems Reconciliation Verification And Validation

Summary: The Insurance Broking Accounts Administrator role at JMG Group involves providing professional and efficient service in the Insurer Reconciliation division, ensuring compliance with FCA CASS rules. The position is based in a new Finance hub in Yeadon, near Leeds Bradford Airport, and focuses on account settlement, commission reconciliation, and managing queries from insurance companies. Candidates should have an accounts administration background, ideally with insurer reconciliation experience. The role offers a competitive salary and benefits within a rapidly growing insurance brokerage.

Key Responsibilities:

  • Ensure accounts are settled within agreed credit terms and in accordance with FCA CASS rules.
  • Refer any commission adjustments for review.
  • Ensure commission differences are referred back to handlers/brokers for system re-debit.
  • Reconcile statements, identify discrepancies, and conduct problem solving.
  • Handle commission reconciliation in lieu of premium settlement.
  • Address queries from insurance companies and internal referrals.
  • Populate payment files for cashbook upload and validation.
  • Identify and report procedural breaches of CASS5 to line manager.
  • Accurately process and maintain company business accounts.
  • Manage own accounts and raise concerns with reporting line manager or technical team members.

Key Skills:

  • Accounts administration background.
  • Insurer reconciliation experience or knowledge.
  • Intermediate MS Excel skills.
  • Proficiency in all MS Office packages.
  • Experience with broking systems such as Acturis, OGI, SSP & TAM (advantageous).

Salary (Rate): undetermined

City: Guiseley

Country: United Kingdom

Working Arrangements: undetermined

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Other

Detailed Description From Employer:

Location: JMG Group - Airport West

Maximise your chances of a successful application to this job by ensuring your CV and skills are a good match.

Department: JMG Group

Salary: Competitive Salary & Benefits

Hours: 35

Contract Type: Permanent

JMG Group is a private equity-backed insurance brokerage, headquartered in Guiseley, Leeds, with a strong and growing presence across the UK. As a Top 30 broker with over 900 employees, we are experiencing rapid growth and continued success in the market. We place in excess of £350 million in Gross Written Premium annually, and our teams are highly respected throughout the insurance industry. At the heart of our business is a commitment to customer excellence and always doing the right thing—values that shape everything we do. Our success is driven by our talented people, modern systems, and robust processes, all of which enable us to deliver exceptional service and build long-term relationships with our clients and partners.

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 manager 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.

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Any broking systems experience such as Acturis, OGI, SSP & TAM would be a distinct advantage.

What we offer

  • Death in service
  • Enhanced maternity/ paternity leave
  • Company pension
  • Cycle to work scheme
  • Free parking
  • Health & wellbeing programme
  • Referral programme
  • Casual dress
  • Many more

REF-(Apply online only)

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