IBA Manager

1 week ago

City Of London England, United Kingdom Superscript Full time £60,000 - £120,000 per year

About the role

We are looking for an experienced IBA Manager to take full ownership of our bordereaux reconciliation processes across both scheme and TOBA business. You will deliver and oversee the full IBA function, ensuring accuracy, compliance, and efficiency within a fast-growing Insurtech environment.

Working closely with a diverse and talented team, you will play a critical role in de-risking complex bordereaux processes, improving cash flow, maintaining regulatory standards, and partnering with our commercial teams to enable sustainable growth.

What you'll get up to:

  • Own the bordereaux reconciliation process for scheme and TOBA business.
  • Manage complex bordereaux flows across UK, EU, and London Market carriers.
  • Collaborate with underwriting and commercial teams to ensure accurate data flow.
  • Deliver and oversee the full IBA function, including credit control, cash allocation, and insurer & client settlements.
  • Ensure timely collection and settlement of funds to optimise cash flow.
  • Maintain accurate and compliant client money records.
  • Produce and oversee month-end reports.
  • Provide insights to senior leadership and support decision-making.
  • Prepare CASS reporting for audit purposes.
  • Ensure full compliance with FCA guidelines, Client Money rules, and internal controls.
  • Act as the primary point of contact for internal and external audit queries.
  • Act as a confident and reliable key point of contact for insurers, brokers, TPAs, and internal stakeholders.
  • Liaise with London Market participants, Xchanging, and Lloyd's of London.
  • Build strong working relationships with non-UK insurance partners and clients.
  • Use advanced Excel skills to analyse data, validate bordereaux, and streamline processes.
  • Identify and implement continuous improvement opportunities across the IBA function.

About you:

  • Strong knowledge of bordereaux processing within the UK and EU markets.
  • Experience working with London Market processes, including Xchanging.
  • Exposure to Lloyd's of London operations and settlement frameworks.
  • Solid understanding of FCA Client Money Rules (CASS 5).
  • Experience dealing with non-UK carriers and clients.
  • Skilled in reconciliation tools (Xero or equivalent).
  • Proficient with Excel, pivot tables, data validation, reconciliations.
  • Diligent, accurate, and efficient with excellent attention to detail.
  • Strong communication skills.
  • Able to confidently represent the business internally and externally.

In return, we offer you:

  • A competitive salary and the ability to grow your career
  • 25 days holiday - so there's plenty of time for work, rest and play
  • Hybrid way of working for the perfect work / life balance
  • Vitality private health and dental insurance
  • Added benefits including competitive pension and salary sacrifice
  • Access to financial wellbeing platform Mintago
  • Full access to Spill, our mental health platform
  • Cycle to work scheme
  • Fun and modern office environment with regular team social events
  • City of London location

Do you have proven experience owning the full bordereaux reconciliation process in the London Market? If so, we'd love to connect & explore opportunities where your expertise can make a real impact

  • IBA Manager

    2 weeks ago

    City Of London, United Kingdom Harrison Holgate Full time

    OverviewA growing Lloyd’s Broker is seeking an experienced IBA professional to join them as their IBA Manager.ResponsibilitiesSupervising a small team, you will be responsible for the day-to-day management and oversight of the IBA function, including reconciliations, settlements, credit control, and insurer payments.You will ensure compliance with...

  • IBA Manager

    1 week ago

    City Of London, United Kingdom Superscript Full time

    About the role We are looking for an experienced IBA Manager to take full ownership of our bordereaux reconciliation processes across both scheme and TOBA business. You will deliver and oversee the full IBA function, ensuring accuracy, compliance, and efficiency within a fast-growing Insurtech environment. Working closely with a diverse and talented team,...

  • IBA Technician

    2 weeks ago

    City Of London, United Kingdom Harrison Holgate Full time

    OverviewA growing Lloyd’s broker is recruiting for an IBA Technician to fill a newly created role within their team following a period of sustained growth. Reporting to the IBA Manager, the successful applicant will be responsible for bank reconciliations and cash matching, income ledger administration, preparation and processing of premium, commission and...

  • IBA Manager

    1 week ago

    City Of London, United Kingdom Superscript Full time

    We are looking for an experienced IBA Manager to take full ownership of our bordereaux reconciliation processes across both scheme and TOBA business. You will deliver and oversee the full IBA function, ensuring accuracy, compliance, and efficiency within a fast-growing Insurtech environment. Working closely with a diverse and talented team, you will play a...

  • IBA Technician

    3 weeks ago

    City of London, United Kingdom High Finance Limited Full time

    HFG are pleased to be partnering with a leading global (re)insurance broker to help them recruit an IBA Technician.They are seeking a proactive, detail-oriented professional to join their high-performing IBA team, ideal for someone motivated to support key financial operations and work closely with senior leaders on impactful projects.Key...

  • IBA Manager

    2 weeks ago

    City of London, United Kingdom Superscript Full time £42,000 - £72,000 per year

    About the role We are looking for an experienced IBA Manager to take full ownership of our bordereaux reconciliation processes across both scheme and TOBA business. You will deliver and oversee the full IBA function, ensuring accuracy, compliance, and efficiency within a fast-growing Insurtech environment.Working closely with a diverse and talented team,...

  • IBA Accounts Technician

    1 hour ago

    City of London, United Kingdom Acrisure Full time

    Description of Position:The role of the IBA Accounts Technician will be to work alongside the current IBA Team to achieve the timely and accurate collection, processing and onward payment of settlements to all Trading Partners as well as support the Global Head of IBA and Global COO with any ad-hoc projects.Carry out day to day operations within your own...

  • IBA AccountsTechnician

    1 week ago

    City Of London, England, United Kingdom HFG Insurance Recruitment Full time £45,000 - £55,000 per year

    HFG are pleased to be partnering with a leading global (re)insurance broker to help them recruit an IBA Accounts Technician.They are seeking a proactive, detail-oriented professional to join their high-performing IBA team, ideal for someone motivated to support key financial operations and work closely with senior leaders on impactful projects.Key...

  • IBA Accounts Technician

    3 days ago

    City Of London, United Kingdom Harrison Holgate Full time

    A London market insurance company is recruiting for an IBA Accounts Technician to work alongside the current IBA team. Reporting to the Head of IBA you will carry out day to day operations within your own allocated area of responsibility and primarily be responsible for collection allocation and monitoring of aged debt, funding, and unallocated cash, and...

  • IBA Analyst

    2 weeks ago

    City Of London, England, United Kingdom Tedaisy Insurance Group Full time £25,000 - £40,000 per year

    Job DescriptionIBA Analyst - FTC (12 months)Type of Role: Hybrid (3 days office and 2 from home)Report to: Group Financial ControllerDescriptionThe IBA Analyst is responsible for ensuring the accuracy and integrity of the company's insurance broking accounts. This role involves managing all aspects of IBA cash allocation, reconciliations, and reporting,...