Finance Assistant

The role will have the responsibility to centralise, review and report all insurer related activities across the entities within the Bspoke Group. The purpose is to maintain a strict level of Financial control across all insurer related activities in the Bspoke Group through consistent process and procedure application.,

• Receipt and processing of third party Finance bordereaux as required



• Reporting and payment of premium and claims bordereaux to all Capacity Providers in the Bspoke Group



• Provide management and ongoing liquidity of claims floats provided by insurers to entities within the Bspoke Group



• Provide oversight and management of claims floats provided to third parties and provide input on associated reconciliations received from third parties



• Produce and maintain reconciliation of all Insurer related balances within the Group including insurer trust accounts and IBA reconciliations



• Maintain oversight of IBA liquidity across the Bspoke Group in accordance with insurer TOBA's through production of weekly cash sweeps



• Ownership of the insurance balance sheet for entities across the Bspoke Group



• Assist the Financial Controller in the maintenance of compliance with CASS in respect of compliance with insurer risk transfer requirements.



• Production and maintenance of reconciliations between broking/Mi systems, financial ledger and monthly bordereaux for all systems and entities in the Bspoke Group



• Production of insurer based payments and reconciliation of insurer receipts on a monthly basis for all entities across the Group



• Liaise with external insurer contacts to resolve insurer bordereaux and reconciliation queries



• Liaise with other functions in the Business to resolve insurer premium and claims related queries



• Focus on continuous improvement to streamline and automate current processes.



• Support the Financial Controller where required by providing ad hoc insurer analysis



• Other tasks as required in order that the department runs efficiently - e.g. cover for other members of staff, and additional tasks as required by the Financial Accountant/ Financial Controller.


OTHER DUTIES

• Develops and improves accounting practices and internal control processes. Maintain documentation of accounting policies, systems and procedures.



• Contributes to the achievement of the company objectives by providing advice and guidance on financial control.



• Monitors, reviews and coordinates the establishment, documentation, maintenance and update of all accounting systems.



• Re-enforces the vision and values of the Company through appropriate behaviours and actions.



• Assists with other related duties within the business as and when required.
  
  Analytical and problem solving skills



• Ability to plan and prioritise own activities effectively



• Ability to work to tight deadlines and work under pressure



• Demonstrate good communication skills both oral and written in reconciliations and analyses.



• Attention to detail and application of controls on quality and content of output.



• Moderate to high level of knowledge of Microsoft packages - notably Excel



• Ability to write in plain English and avoid unnecessary use of jargon



• An ability to work accurately and consistently



• An ability to work as part of a team or independently as required



• An ability to communicate effectively with customers including other Company members



• A requirement to develop a strong working knowledge of internal procedures and standards and key regulatory requirements.



• Sound judgement skills and a genuine interest in business.