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IBA Run Down Specialist

Jensten Group
Sapley, Huntingdon, United Kingdom
Competitive Salary
Closing date
Jun 27, 2024

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Job Role
Contract Type
Full Time
Jensten Insurer Broking Accounts team are seeking an IBA Run Down Specialist to join their efficient and friendly team.

In this role, you will assist with the decommissioning of legacy policy admin systems across all IBA functions and collaborate with the business, insurers & introducers for the clearance of debtors, creditors, bank reconciliation differences & unallocated cash.

You will be joining a fantastic team that is the heartbeat of our finance function based in our head office in Huntingdon, with the flexibility to work 3 days in the office and two from home. We will also consider experienced candidates to work remotely if you live further afield.

Some key objectives & responsibilities will include:
  • Ensure CASS compliance at all times and adhere to FCA client money rules.
  • Introduce controls in line with the Group’s CASS and client money handling procedures & policies to ensure compliance with the Group’s procedures
  • Document and review IBA process documents
  • Dealing with bordereau payments and declarations
  • Handler Insurer and Client payment reconciliations
  • Assist with Client Money audits
  • Review and manage funding logs
  • Review and calculate Client Money Calculations
  • IBA first line of defence with compliance
  • Day to day involvement on all IBA processes
  • Other ad-hoc requests and project work as agreed with the Integrations Manager
  • Maintain procedures and training guides

About you

To be successful in this role, you will need to demonstrate previous experience working in a similar role and experience of using Acturis would be a real advantage.

You’ll also be or have:
  • A good understanding of IBA procedures and ideally have knowledge and experience of using Acturis and any other IBA Broking systems
  • A collaborative and innovative approach to working
  • Act with integrity at all times when working with stakeholders
  • Strong accuracy and time management skills
  • Good communication skills, both verbal and written
  • Proficient level of Microsoft Word, Excel and Outlook knowledge

Rewards & Benefits
  • When you join us, you can expect a supportive culture and an attractive range of rewards and benefits which include:
  • Regular 121’s to help support and develop your career at Jensten Group
  • Competitive salary with an annual pay review and bonus scheme
  • 27 days annual leave (includes a day off for your birthday and another for a religious holiday of your choice) + bank holidays
  • Auto enrolment into our excellent pension scheme
  • Flex-benefits- A range of flexible benefits to choose from, that are most important to you
  • Group Life Assurance cover
  • 3 months Maternity, Paternity & Adoption leave all fully paid
  • Professional qualification study support relevant to your role and career
  • Perks at work- amazing discounts on cinema tickets, meals out, luxury items etc.
  • Holiday purchase scheme- up to 5 days annually

About Us:

Launched in 2018 Jensten is one of the UK's largest independent broking groups. Growing organically and through strategic acquisition we now place nearly £600m GWP into the market via our retail insurance broking, Lloyd's and London Market broking, and specialist underwriting arms.

We fill the void in the market between a consolidator and a provincial broker. We have the scale, ambition and expertise to stand out, but the people, culture and entrepreneurial DNA to maintain our client focus. Which is why we are not just one of the leading independent broking groups, we are one of the most exciting too.

And that is why you should join us!

Our goal is to have people in our Group that enjoy being part of one team with the shared commitment to delivering insurance distribution excellence. A big part of how we do this is by listening and then acting on what we hear. Our EVP work is key to maintaining and enhancing our culture and Benefits, making Jensten Group a fantastic place to work, learn and grow.

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