Accounts Assistant (Ipswich)

Job Profile Summary

To assist the accounts department with the tasks required to deliver and maintain the service required to support the Underwriting book of business.

Job Description

• Maintain the accuracy and reconciliation of cashbooks, ensuring that all financial transactions are accurately recorded and maintained.
• Bank reconciliation - ensuring that all transactions are accurately recorded, matched, and reconciled with the bank statements.
• Month end reporting
• Posting of cash received daily into bank accounts
• Investigate any unallocated cash keeping to the minimum on the ledgers
• Understand and gain knowledge of the Direct Debit process to assist and cover holiday and sickness
• Understand and assist with the accounts process, to aid the accounts team
• Input and maintain accurate records within the accounts and underwriting systems and
• capture relevant data to allow for the successful monitoring and analysis of risks written.
• Assist with credit control, chasing bad debt & working with the credit controller and underwriters to recover funds.
• Raise invoices/credits as required in relation to the policy wording.
• Assist with the smooth running of the Accounts department including banking and remittances made.
• Process claims payments
• Develop and apply a thorough knowledge and understanding of the insurance market and underwriting process. Be familiar with basic policy features, benefits, exclusions, and warranties
• Liaise with brokers and policy holders to obtain information to produce insurance documentation and chase for outstanding premium/adjustments/declarations.
• Liaise with other departments as required.
• Liaise with brokers and clients to develop good working relationships.
• Attend training sessions and other meetings, as and when required

Regulatory Responsibilities

• Assist brokers/clients on insurance and accounting matters - address any queries as and when they arise
• Endeavour to pay agreed claims in a timely manner to adhere with relevant guidelines
• Adhere to FCA rules regarding the handling of insurance premiums.
• Complete accounting functions within the required deadlines

Skills and Competencies

• Previous experience in Accounts role
• Experience of bank reconciliations, managing cashbooks
• Proficient in Microsoft Office, including Excel, PowerPoint and Word
• Demonstrates initiative and can operate effectively with minimal supervision
• Communicates clearly and confidently across all levels
• Highly organised, deadline orientated
• Brings energy, enthusiasm, and a positive attitude to the role

Education

• 5 GCSE passes (minimum Grade C or new grade 5), including Maths and English
• Accounting qualification

Nothing in this job description may replace an individual's contract of employment or the company's policies and procedures as contained in the employee handbook