IBA Accounts Manager

I am delighted to be working with a growing Lloyd's Broker in the recruitment of an IBA Accounts Manager. This role is on a part-time 4 days per week. My client offer a hybrid model of 2-3 days in the office. In addition to a basic salary there is also a yearly bonus. Please find an overview of the role below.

Role overview Manage the day-to-day Finance and IBA function, maintaining accurate accounting records Oversee purchase/sales ledger, cashbook, bank reconciliations, payroll and pensions. Manage client and insurer cash, including premium, commission, brokerage and return premium transactions. Reconcile insurer statements, process settlements and produce IBA, brokerage and management reports. Complete Client Money Calculations and support month-end processes. Monitor outstanding premiums, manage credit control and proactively chase overdue balances. Maintain accurate IBA records and resolve accounting discrepancies and queries from clients, insurers and internal teams. Liaise with Technical and wider Finance teams to resolve outstanding items and improve processes. Identify and implement improvements to IBA processes, controls and overall efficiency.

Ideal Skills & Experience: Proven experience working within an IBA role within Lloyd’s insurance broking Strong knowledge of premium, commission, cash allocation and reconciliation processes Experience dealing with clients, insurers and/or underwriters A good understanding of Lloyd’s and/or the London insurance market Experience with CASS 5 and FCA client money requirements Strong understanding of IBA practices and insurance broking accounts