Job Description

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Position

Key Responsibilities:

Client Money Management:

Receive, process, and reconcile client payments. Maintain accurate records of client funds in compliance with regulatory guidelines. Monitor client money accounts and ensure proper segregation of funds Allocating upto 64m GWP to client insurance records Generating timely and efficient client refunds in line with Treating customers fairly guidelines

Insurer Account Settlement:

Liaise with insurers to reconcile accounts and ensure timely settlement as per terms of business Verify accuracy of insurer invoices/statements and resolve discrepancies with insurer partners and with internal Account Exec teams Facilitate the transfer of funds between the brokerage and insurer

Financial Recordkeeping:

Maintain organised and up-to-date financial records in line with the relevant accounting standards Prepare reports on client money transactions and insurer accounts as and when required, such as Due & Settled Reports, Unallocated Cash Report, Aged Debts Reports. Assist with audits and regulatory inspections related to client funds. Banking of group money Control, diary, preparation of sub agents and acquired brokers - commission reports

Compliance and Regulatory Oversight:

Ensure compliance with relevant regulatory requirements, such as Financial Conduct Authority (FCA) rules. Stay informed about changes in regulatory guidelines and implement necessary procedures. Participate in training programs to enhance understanding of compliance obligations.

Team Support:

Collaborate with colleagues in the finance department to streamline processes and improve efficiency. Provide support to other team members as needed, such as assisting with month-end procedures or ad-hoc projects. Requirement to be flexible around busy periods such as month end and financial year end.
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Requirements

Qualifications and Skills:

Essential

Strong attention to detail and accuracy Excellent communication skills, both written and verbal. Ability to prioritise tasks and work effectively in a fast-paced environment. Proficiency in Microsoft Excel A-C Grade in GCSE Maths Good IT Skills within the Microsoft ecosystem (Word, Outlook, Teams, Excel)

Desirable:

Previous experience in a finance role, preferably within the insurance or financial services industry. Knowledge of regulatory requirements governing client money handling (e.g., FCA CASS rules). Knowledge of basic bookkeeping (Debits/Credits)
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Job Type & Working Hours

Full-time


35 hours per week


9am to 5pm, Monday to Friday, including paid lunch break for one hour


Salary 25,000

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Other information

Thomas Carroll Group PLC

a.

Pendragon House, Crescent Road, Caerphilly CF83 1XX

e.

contact@thomas-carroll.co.uk

t.

02920 887733





Thomas Carroll are an Equal Opportunity Employer and are committed to excellence through diversity.



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