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- Tasks: Assist with bank reconciliations, cash flow monitoring, and processing payments in a dynamic finance team.
- Company: Join a leading Lloyd's broker in the heart of London, known for its international business.
- Benefits: Enjoy a competitive salary, hybrid working options, and opportunities for career progression.
- Why this job: Be part of a growing team, gain valuable experience in finance, and work in a modern office environment.
- Qualifications: Insurance experience is essential; IBA experience and strong IT skills are preferred.
- Other info: Work closely with the Finance Director and contribute to key financial operations.
The predicted salary is between 28000 - 42000 £ per year.
I have partnered with an established Lloyd's broker that places both UK and international business (insurance and reinsurance) based in the heart of London. You will be working in their modern offices, which are located a stone's throw away from the renowned Lloyd's building. They are expanding their finance team due to growth over the past couple of years, which has had a knock-on effect on the workload of the finance function. This role will report directly to the Finance Director, and you will be working within a team of five.
Your new role
- Assisting and preparing bank reconciliations for multiple accounts (GBP, Euro, Dollar)
- Monitoring cash flow position
- Recording cash receipts & banking cheques received
- Designated accounts reconciliations for both clients and underwriters
- Drawing up and presenting cheques and bank transfer forms for agreement by the Client Money Manager and for Directors’ signature
- Processing weekly payments runs in multiple currencies
- Recording and processing insurance payments
- Preparing and issuing statements of account, chasing settlements
- Dealing with enquiries and queries and liaising with technicians/account handlers
- Notifying brokers of aged debt or accounting issues
- Other accounting duties as requested by the Finance Director/Client Money Manager
- Assisting with Client Money Drawdown calculations
- Credit control – including monitoring of Premium Payment Warranties/Conditions to ensure settled before due date
- Downloading bureau signing messages and allocation of the daily signings
- Claims payment runs once a week, and running the claims' spreadsheet
- Making sure Non-Risk Transfer letters are completed and forwarded to the relevant clients
- Bank statements are saved, and eclipse rates completed once per month
What you’ll need to succeed
- Insurance experience is required
- IBA experience is preferred
- Strong IT skills (XL, report writing, Excel)
What you’ll get in return
- Competitive salary
- Hybrid working (2 days per week from home)
- Scope for progression
If you’re interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now. If this job isn’t quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
IBA Accounts Assistant employer: Hays
Contact Detail:
Hays Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA Accounts Assistant
✨Tip Number 1
Familiarise yourself with the specific accounting software and tools commonly used in the insurance industry. Being able to demonstrate your proficiency in these systems during an interview can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the insurance and finance sectors, especially those who work at Lloyd's brokers. Attend industry events or join relevant online forums to make connections that could lead to valuable insights or referrals.
✨Tip Number 3
Prepare to discuss your previous experience with bank reconciliations and cash flow management in detail. Be ready to provide examples of how you've successfully handled similar tasks in past roles, as this will show your capability for the position.
✨Tip Number 4
Research the company’s recent developments and growth in the insurance market. Showing that you understand their business and how you can contribute to their success will impress the hiring team during your interview.
We think you need these skills to ace IBA Accounts Assistant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance and IBA. Use specific examples that demonstrate your skills in bank reconciliations, cash flow monitoring, and handling multiple currencies.
Craft a Strong Cover Letter: Write a cover letter that addresses the key responsibilities of the role. Mention your familiarity with the finance function and how your previous experiences align with the tasks outlined in the job description.
Highlight IT Skills: Since strong IT skills are essential for this position, emphasise your proficiency in Excel and any other relevant software. Provide examples of how you've used these skills in past roles to improve efficiency or accuracy.
Show Enthusiasm for the Role: In your application, express your enthusiasm for working in a Lloyd's broker environment and your interest in contributing to the finance team. This can help you stand out as a motivated candidate.
How to prepare for a job interview at Hays
✨Showcase Your Insurance Knowledge
Make sure to brush up on your insurance terminology and concepts. Since the role requires insurance experience, be prepared to discuss your previous roles and how they relate to the responsibilities of an IBA Accounts Assistant.
✨Demonstrate Your IT Skills
Given the emphasis on strong IT skills, especially in Excel, be ready to provide examples of how you've used these tools in past positions. You might even want to mention specific functions or reports you've created that are relevant to the job.
✨Prepare for Technical Questions
Expect questions related to bank reconciliations, cash flow monitoring, and credit control. Familiarise yourself with these processes and be ready to explain how you would handle them in this role.
✨Ask Insightful Questions
At the end of the interview, have a few thoughtful questions prepared. Inquire about the team dynamics, the company's growth plans, or how success is measured in the role. This shows your genuine interest in the position and the company.
