The IBA Cashier assists the Head Cashier to operate the Client Money bank accounts and the Insurer Trust bank accounts for the group following company policy and regulatory requirements, and that all transactions are recorded accurately and promptly. To provide support and to proactively contribute to the advancement of the department's overall business plan by bringing ideas and processes to the attention of the management team.
Record cash receipts accurately and promptly to the correct accounts
Confirm that payments requests are appropriately authorised before being processed on the bank account and recorded in the ledgers
Set up payments on the bank for approval by authorised signatories
Perform weekly bank reconciliation for NST and insurer bank accounts as directed by the Head Cashier ensuring that all reconciling items are cleared promptly
The reconciliations are evidenced as having been reviewed
Assist in controlling the payee details, this will include retaining evidence that all payee details used for the settlement of premiums and claims have been verified following FCA regulation and the creation of payment templates on the banking system & retention of evidence that they have been authorised and approved
Act as a point of contact for the Groups bankers and assist in resolving any banking issues as they arise
Support and assist management in detailed and continued, advice, knowledge and practical input to ensure full delivery of the business processes.
In consultation with the IBA Accounts Team to provide feedback, comments, and proposed actions to resolve, improve and develop solutions to meet the needs of the business.
Any other Ad hoc duties as requested by management.
Use formal reporting mechanisms, as defined by Risk and Compliance or Internal Audit, to promptly notify relevant parties of any perceived new risks or failures of existing control measures.
At all times, consider the effect of any actions taken on the customers of the Company, to improve their experience.
All employees must endeavour to provide accurate, complete and appropriate data, following the Company's data policy, as part of their roles and responsibilities at all times.
To be able to generate own ideas and develop others’ ideas for the continued advancement of the department.
Detailed knowledge of an accounts department and its workings.
At least 5 A-C Grade GCSE including English, Maths and ICT.
Experience in the bank reconciliation process.
NST and Insurer bank account experience desirable.
Experience working in Insurance
Ability to manage workloads.
Insurance qualifications e.g. CII. (Desirable).
Skills & Abilities
Proactive & Outcome focused
Self-motivated & Enthusiastic
Team worker with the ability to work on their own initiative
Professional approach to relationships
To have a high level of numeracy
Excellent people skills and being able to communicate at all levels.
Excellent general I.T. skills
Well organised, with good administrative skills
Management skill (Desirable)
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