PoloWorks sets the industry standard in the management of premium and claims transactions. From processing payments to complex regulatory reporting, the Client Finance team offers a tailored service based on the unique needs of our clients.
Supporting clients including insurers, Lloyd’s syndicates, re-insurers, UK branches, mutuals, agencies, captives and holding companies. Client Finance utilises SUN 6 as its ledger, which enables transactions in any currency to be efficiently uploaded to the ledger and downloaded into reports.
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
- Compliance with regulatory reporting requirements
- Administration of Corporation Tax, VAT and other overseas taxes
- Review & monitoring of transactions
- Balance sheet reconciliation
- FX deals
- Payroll