The Client Finance team at PoloWorks delivers a full suite of finance services for the general commercial and specialty insurance sectors, from payment processing to complex regulatory reporting.
PoloWorks offers customised solutions, allowing clients to choose services that fit their specific needs and budget. Most clients opt for our complete package, integrating our team as their back-office finance function. We collaborate closely with clients’ senior finance staff to build strong, mutually beneficial relationships.
Our experienced team of 25 plus finance professionals ensures proper segregation of duties and coverage; guaranteeing robust systems, processes, and controls. Our deep expertise allows us to tailor solutions to each client’s unique requirements – ensuring accuracy, efficiency, and compliance with all SLAs in accordance with regulatory requirements.
Training is a key part of Client Finance, with support for our trainee accountants through their professional qualifications. We ensure continuing professional development for all our staff, which covers changes to accounting standards, IT and the ever-evolving insurance regulatory environment.
Key services we offer include:
Client Finance:
- Maintain & administer general ledger
- Maintain & administer purchase ledger
- Provision of management & financial information
- Administer client bank accounts
- Maintain & administer client cash books
- Premium Credit Control
- Technical Accounting
- Compliance with regulatory reporting requirements
- Administration of Corporation Tax, VAT and other overseas taxes
- Review & monitoring of transactions
- Balance sheet reconciliation
- FX deals
- Payroll