About the Role:
We are looking for a reliable and detail-oriented Finance Clerk to support the day-to-day client money function. You'll be part of a friendly and supportive finance team of five. This role offers a supportive environment and an opportunity to expand and grow your knowledge within a finance department.
What We Offer:
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Hybrid working (up to 2 days from home following successful completion of your probationary period)
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25 days' holiday + bank holidays
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Join our Employee Ownership Scheme after successful completion of probationary period.
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Company pension scheme
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Health cash plan (following completion of your probation)
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A positive, inclusive working culture
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Annual fixed salary £26,500
Key Responsibilities:
Client Money Management:
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Receive, process, and reconcile client payments.
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Allocation of the client money payments to the relevant accounts.
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Maintain accurate records of client funds in compliance with regulatory guidelines.
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Monitor client money accounts and ensure proper segregation of funds
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Generating client refunds
Insurer Account Settlement:
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Reconcile insurer accounts and resolve any queries liaising both internally and externally.
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Generate payments to the insurers.
General Ledger
Posting purchase invoices to the supplier ledger - assisting the group finance assistant with any ad hoc requirements
Financial Recordkeeping:
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Prepare reports on client money transactions and insurer accounts as and when required, such as Due & Settled Reports, Unallocated Cash Report, Aged Debts Reports.
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Assist with audits and regulatory inspections related to client funds.
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Banking of group money
Compliance and Regulatory Oversight:
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Ensure compliance with relevant regulatory requirements, such as Financial Conduct Authority (FCA) rules.
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Participate in training programs to enhance understanding of compliance obligations.
Team Support:
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Provide support to other team members as needed, such as assisting with month-end procedures or ad-hoc projects.
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Requirement to be flexible around busy periods such as month end and financial year end.
Requirements
Qualifications and Skills:
Essential
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Strong attention to detail and accuracy
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Excellent communication skills, both written and verbal.
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Ability to prioritise tasks and work effectively.
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Proficiency in Microsoft Excel
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A-C Grade in GCSE Maths
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Good IT Skills within Microsoft (Word, Outlook, Teams, Excel)
Desirable:
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Previous experience in a finance role, preferably within the insurance or financial services industry.
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Knowledge of regulatory requirements governing client money handling (e.g., FCA CASS rules).
