IBA Account Manager

2 weeks ago


Chelmsford, Essex, United Kingdom The Recruiter Specialists Group Ltd Full time

Job Summary: We are seeking an experienced IBA Account Manager to join our team at The Recruiter Specialists Group Ltd. As an IBA Account Manager, you will be responsible for the maintenance and day-to-day handling of IBA ledgers, both client and underwriting. This includes timely collection and settlement of funds to and from customers and supporting markets of overseas offices.

Key Responsibilities:

  • Assist overseas offices in the collection and settlement of funds to/from clients
  • Ensure settlement and collection of funds from/to syndicate
  • Responsibility for claim settlements paid to brokers and the reconciliation of syndicate funds
  • Accurate modification of reference data within the accounting system Enterprise Accounts (EA)
  • Month end processes, reviewing data accuracy and report generation

Requirements:

  • Good knowledge of Insurance in the Lloyds Market
  • IBA reconciliation experience essential
  • Understanding of Slips, associated Endorsements and Closings
  • Understanding of premium calculation from broker documentation

What We Offer:

Hybrid working, excellent salary and benefits package

Please submit your CV for consideration if you feel that you have the relevant experience and skills.


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