IBA Accounts Associate

4 weeks ago


London, Greater London, United Kingdom Allen Insurance Recruitment Full time
Are you an IBA professional, who's looking for a new exciting opportunity based in London?
Our client a London based Reinsurance Broker has an exciting opportunity to join their Insurance Broking Accounts (IBA) team to lead the reconciliation and process activities for our back-office. There is variety and breadth in the role and you will need to build fantastic relationships with your key external stakeholders and ensure these payments are made on time and in line with procedures.
You will focus on all of the following and more:
  • Perform reconciliation and process activities across one or more of the following disciplines: Cash posting & allocation, Bank Reconciliation, Client & Insurer Payments, Client Money Calculations, Bordereaux
  • Credit control, payments and cash allocation
  • Manage reporting of creditors and operational finance data to drive performance
  • Communicate and build relations with internal Brokers and businesses to investigate and resolve any queried transactions to avoid further delays
  • Support audit requests for information and process walk-through exercises
  • Fulfil your responsibilities in line with agreed processes to achieve agreed objectives, and in doing so, ensure compliance with the client and insurer money rules within the FCA Handbook, identifying and recording any breaches of FCA handbook
  • Any other job assigned by the senior management from time to time Salary commensurate with experience and qualifications. Also Benefits like Laptop, Mobile Phone and Medical Insurance will be provided in addition.


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