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- Tasks: Manage and reconcile insurance broking accounts while ensuring accuracy and compliance.
- Company: Join a specialist insurance organization in the heart of London with a close-knit finance team.
- Benefits: Enjoy a hybrid work model, access to a luxury gym, and a barista on-site.
- Why this job: This role offers hands-on experience in finance within a reputable company and a supportive culture.
- Qualifications: You need at least 2 years of relevant experience in IBA and strong analytical skills.
- Other info: This is a temporary role aimed at assisting with a backlog, perfect for gaining valuable experience.
The predicted salary is between 36000 - 60000 £ per year.
Your new company You will be joining a specialist and established insurance organisation that operates in the Lloyd’s of London and international markets. Part of a close-knit team in finance of 10, you will report to the IBA manager. You will be based in their modern City of London office with a luxury gym and their own barista on a hybrid basis. This role is a temporary role to assist with a backlog. Your new role The IBA Accountant will be responsible for managing and reconciling insurance broking accounts, ensuring accuracy and compliance with industry standards. This role requires a detail-oriented individual with strong analytical skills and a thorough understanding of insurance accounting practices. Manage and reconcile insurance broking accounts (IBA) on a daily basis. Process and allocate receipts and payments accurately. Prepare and review monthly IBA reconciliations and reports. Ensure compliance with regulatory requirements and company policies. Liaise with brokers, underwriters, and other stakeholders to resolve discrepancies and queries. Assist in the preparation of financial statements and audits. Support the finance team with ad-hoc tasks and projects as needed. What you’ll need to succeed In order to succeed in this role, you will need at least 2 years of experience in a similar position, with experience in IBA, credit control and re…
IBA Accountant employer: Hays Specialist Recruitment Limited
Contact Detail:
Hays Specialist Recruitment Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA Accountant
✨Tip Number 1
Familiarize yourself with the specific accounting software and tools commonly used in the insurance industry. Being proficient in these systems can give you a significant edge during the interview process.
✨Tip Number 2
Network with professionals in the insurance and finance sectors, especially those who work in IBA roles. Attend industry events or join relevant online forums to make connections that could lead to job opportunities.
✨Tip Number 3
Brush up on your knowledge of regulatory requirements and compliance standards specific to the insurance industry. Demonstrating your understanding of these areas can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your previous experience in detail, particularly any challenges you've faced in managing and reconciling accounts. Be ready to share specific examples that highlight your analytical skills and attention to detail.
We think you need these skills to ace IBA Accountant
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the IBA Accountant position. Highlight key responsibilities and required skills, such as managing insurance broking accounts and ensuring compliance with industry standards.
Tailor Your CV: Customize your CV to reflect your experience in insurance accounting practices, IBA, and credit control. Use specific examples from your previous roles that demonstrate your analytical skills and attention to detail.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the requirements of the role. Mention your experience in reconciling accounts and your ability to liaise with brokers and underwriters effectively.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for the IBA Accountant role.
How to prepare for a job interview at Hays Specialist Recruitment Limited
✨Show Your Analytical Skills
Since the role requires strong analytical skills, be prepared to discuss specific examples from your past experience where you successfully managed and reconciled accounts. Highlight any tools or methods you used to ensure accuracy.
✨Understand Insurance Accounting Practices
Make sure you have a solid understanding of insurance accounting practices. Brush up on relevant regulations and compliance standards, as you may be asked how you would handle specific scenarios related to IBA.
✨Prepare for Technical Questions
Expect technical questions related to IBA processes, credit control, and reconciliation. Review common challenges faced in these areas and think about how you would address them in your role.
✨Demonstrate Team Collaboration
This position involves liaising with various stakeholders. Be ready to share examples of how you've effectively communicated and collaborated with brokers, underwriters, or other finance team members to resolve discrepancies.
