JOB OVERVIEW
The Trust Accountant will be responsible for accounting and reconciling of a general insurance trust account with approximately AUD $250m in premiums received annually. You will ensure the accurate and timely recording of trust ledger, trust reconciliation, correct application of trust money, debtor control, and month-end reporting. You will have the opportunity to participate in a number of exciting projects within a small and supportive team environment, led by finance leaders who are passionate about training and mentoring.
DUTIES AND RESPONSIBILITIES
Trust accounting tasks:
- Client Receipting
- Daily Bank Reconciliation
- Timely management of Unallocated Cash
- Authorised Representative & Underwriter Payments
- Commission & GST Transfers
- Debtor Control
- Insurance Database Management incl. EOM & EOFY
- Audit Support
- Client card maintenance & policy examination as required
- Liaise with Clients, Underwriters & Account Managers as required
- Insurance Compliance
- Trust Account Obligations
- Handling of Trust Account Money
- Work with other team members to ensure that all relevant broker-related issues are resolved in an efficient and effective manner
- Monitor contact points and ensure all accounts-related queries are responded to in an appropriate manner; strong customer service ethic
- End-of-month KPI reporting
- Balance sheet reconciliations
- Ad hoc projects
Qualifications
- Degree in Accounting, Finance, or anything related
- Previous experience with trust accounting for a general insurance broker
- Experience with Insight (insurance focused software)
- Intermediate to advanced Excel skills
- Strong analytical and problem-solving skills
- Previous experience from the insurance industry
Top Skills
What We Do
Outsource Solutions For Business hammerjack is an Australian & Philippine owned and operated offshore outsourcing services provider. Headquartered in Sydney with multiple operating offices in Makati, Manila, and Pampanga, Philippines. We specialise in providing dedicated, high performing teams and outsourced services to the global small and midsize business market. Our solutions deliver quality and consistent outcomes and are helping businesses to focus on their core competencies, reduce operating costs and deliver more value to their customers. hammerjack has been a major player in developing the new Knowledge Process Outsourcing (KPO) industry in the Philippines servicing the Australian, U.S.A and U.K markets. Over the last 7 years we have sourced trained and developed top talent focussed on the Finance, Accounting, Bookkeeping, IT and Virtual Assistant services space. Our knowledge and experience in implementing the latest technologies and systems to support the best people has led to continued success for our clients and their remote teams, all while placing information and cyber security at the forefront. Our operating model was born in the enterprise services space and has been specifically developed to cater for the small, midsize market. This experience and collaborative customer approach set business up for success, no matter where they are on their journey. We offer an enterprise level approach to continuous improvement, high performance & quality, and world class customer experience. Our ability to deliver this level of service across multiple lines of business and industry verticals is a product of our investment in people, technology and the governance that sits behind it all.
