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For Companies At a Glance
- Tasks: Join the IBA Team to manage settlements and support exciting projects.
- Company: Dynamic company focused on efficient financial operations.
- Benefits: Gain valuable experience, develop skills, and work in a supportive environment.
- Why this job: Make an impact in finance while collaborating with a talented team.
- Qualifications: Strong communication skills and attention to detail are essential.
- Other info: Opportunities for growth and learning in a fast-paced setting.
The predicted salary is between 36000 - 60000 £ per year.
Overview
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 area of responsibility as allocated by the Global Head of IBA; primarily responsible for collection allocation and monitoring of aged debt, funding, unallocated cash. The role will be called upon to assist with project work as a member of a team. To provide accurate and timely management reports as requested to the Management Team on a regular and ad-hoc basis.
Key Result Areas
- To ensure the preparation and reconciliation of IBA accounts is conducted on a timely and accurate basis as per the agreed Service Level Agreement (SLA).
- To work closely with the IBA Team to perform credit control procedures as per the agreed SLA.
- To ensure all outstanding accounts are chased appropriately and timely according to agreed SLA.
- To ensure receipt of funds are reconciled within agreed timeframes.
- To ensure disbursements are reconciled within agreed timeframes.
- To check and agree daily IBA reports generated from Open Twins to ensure that unmatched cash, funding and held funds are identified and worked on.
- To work closely with the IBA Team in UK and North America and ensure good communication links.
- To escalate issues to Global Head of IBA where necessary for resolution or direction in line with set policies and procedures.
- To ensure operating to maximum efficiency and professionalism, to enable the best service to be provided to Trading Partners and the Company as required.
- To provide assistance in other areas of the Company's business as may be required by Global Head of IBA and/or Group COO.
Core Responsibilities
- Be responsible for the collecting of premiums and claims to ensure that uncollected brokerage and/or outstanding debt is in line with agreed company procedures.
- Assist with the IBA Team to clear any unmatched cash as per agreed company procedures.
- Prevent funding from occurring, but where inevitable, assist the IBA team to clear funded balances as per agreed company procedures.
- Settle any balances due, as and when required, within settlement dates and within agreed SLA.
- Render any required statements as agreed with Trading Partner within agreed timeframe as per agreed company procedure.
- To assist IBA Team and Account Handlers with outstanding finance queries.
- To raise any queries with the relevant Account Handler in a timely manner.
- To provide support to the IBA Team as and when required.
- Perform a review of your IBA credit control accounts with the required Management Team on an agreed timely basis.
- To be able to assist with training of other users in the London Office.
Skills Required
- Strong communication, both written and verbal with close attention to detail.
- Be able to demonstrate drive and self-motivation to achieve results with a general willingness to be flexible in work habits and assigned tasks.
- Supports and encourages change and adapts positively to changing priorities and work demands.
- Able to work under pressure during stressful conditions.
- Ability to learn and share knowledge.
- Ability to identify, recognize and escalate critical issues for resolution.
- Excellent Computer Skills to include working knowledge of Microsoft Office (Word, Outlook, Excel).
- Previous experience of using OpenTwins Broking Systems (preferable but not essential).
- Be able to deliver information with integrity.
Key Interfaces
- Global Head of IBA
- Global COO
- Regional COO
- Internal Operations
- Claims Team
- Account Handlers
- Finance
- Compliance
IBA Accounts Technician in London employer: Acrisure Trade Credit
Contact Detail:
Acrisure Trade Credit Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA Accounts Technician in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in finance or accounts. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions related to IBA accounts and credit control. We recommend role-playing with a friend or using online resources to get comfortable with your responses.
✨Tip Number 3
Showcase your skills! Bring along examples of your previous work or projects that highlight your attention to detail and communication skills. This will help you stand out as a candidate who can deliver results.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace IBA Accounts Technician in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the IBA Accounts Technician role. Highlight relevant experience, especially in credit control and account management, and don’t forget to showcase your strong communication skills!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our team. Mention specific projects or experiences that relate to the responsibilities outlined in the job description.
Showcase Your Attention to Detail: Since this role requires a keen eye for detail, make sure your application is free from typos and errors. A well-organised application reflects your ability to manage accounts accurately and efficiently.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Acrisure Trade Credit
✨Know Your Numbers
As an IBA Accounts Technician, you'll be dealing with a lot of financial data. Brush up on your knowledge of key financial metrics and how they relate to the role. Be prepared to discuss how you would handle aged debt or reconcile accounts, as this will show your understanding of the job's core responsibilities.
✨Showcase Your Communication Skills
Strong communication is crucial in this role. During the interview, make sure to articulate your thoughts clearly and confidently. Share examples of how you've effectively communicated with teams or clients in the past, especially in resolving issues or managing queries.
✨Demonstrate Your Problem-Solving Ability
The role requires you to identify and escalate critical issues. Prepare to discuss specific instances where you've successfully navigated challenges in previous roles. Highlight your analytical skills and how you approach problem-solving, particularly in high-pressure situations.
✨Familiarise Yourself with Relevant Tools
While experience with OpenTwins is preferable, it's not essential. However, showing that you're tech-savvy and willing to learn can set you apart. Familiarise yourself with Microsoft Office tools, especially Excel, and be ready to discuss how you've used them in past roles to manage data or reports.
