PE - CMC

 

2–6 years of experience  in Insurance broking/accounting environment

Client Money Calculation (preferred)

Bank reconciliation & ledger management

 

  Perform daily broker ledger reconciliation and investigate discrepancies.

  Conduct bank reconciliations for client and office accounts.

  Ensure timely clearance of reconciling items and escalation of issues.

  Manage funding requirements based on CMC outputs.

  Process and track client and insurer payments accurately and within timelines.

  Coordinate with treasury/finance teams for fund transfers.

  Maintain and reconcile cash books on a daily/weekly basis.

  Ensure completeness and accuracy of financial records.

  Work closely with insurance broking and underwriting teams to understand transaction flows.

  Support premium allocations, commission tracking, and client account management.

  Support internal and external audits, including preparation of documentation.

  Ensure adherence to internal controls, SOPs, and regulatory frameworks.

  Identify and implement process improvements to enhance efficiency and accuracy.

 

Technical Skills:

 

• Strong knowledge of:
  • Broker ledger reconciliation
  • Bank reconciliation
  • Funding & payment processes
  • Cash book management
  • Understanding of insurance broking and underwriting processes
  • Familiarity with regulatory frameworks (e.g., CASS 5) is an advantage

 

Analytical & Tools:

• Advanced proficiency in Microsoft Excel (Pivot tables, VLOOKUP/XLOOKUP, formulas)
• Ability to create clear and insightful presentations (PowerPoint)

 

Soft Skills:

• High attention to detail and accuracy
• Strong analytical and problem-solving skills
• Effective communication and stakeholder coordination
• Ability to work under tight deadlines and manage priorities

 

Key Deliverables / KPIs:

• Accurate and timely CMC submissions
• Zero or minimal reconciliation breaks
• Compliance with regulatory and audit requirements
• Timely funding and payment execution
• Continuous process improvement initiatives