At a Glance
- Tasks: Process client and insurer money, reconcile accounts, and resolve queries.
- Company: Specialist Lloyd’s broker in the heart of London.
- Benefits: Salary up to £40,000, collaborative culture, and career development opportunities.
- Other info: Dynamic role with exposure to various IBA activities and improvement initiatives.
- Why this job: Enhance your insurance accounting skills while interacting with industry professionals.
- Qualifications: At least one year of IBA experience and strong numerical skills.
The predicted salary is between 31500 - 38500 £ per year.
IBA Accounts Technician City of London | Salary £28-40,000, depending on experience Have at least one year’s IBA experience and looking to take the next step in your insurance accounts career?
CKB Recruitment is working with a specialist Lloyd’s broker looking to appoint an IBA Accounts Technician to its City-based team.
With an international client base and expertise in specialist insurance placements, this business offers an excellent environment to broaden your insurance accounting knowledge and develop your experience within the London Market.
Now part of a wider insurance group, the business combines a collaborative team culture with the backing of a larger organisation.
The opportunity You’ll join the accounting team, helping ensure client and insurer money is processed accurately, accounts are reconciled and queries are resolved promptly.
This is a varied, hands-on position offering regular contact with brokers, underwriters, insurers and colleagues across the business.
It would suit someone who has built a foundation in IBA and wants to develop their technical skills while making a valuable contribution to the team.
What you’ll be doing Processing and allocating cash receipts and payments across insurer and client accounts.
Completing daily, weekly and monthly bank and client money reconciliations.
Investigating and resolving unreconciled items, aged balances and outstanding cash allocations.
Producing insurer statements and supporting settlement processes.
Liaising with brokers, underwriters, insurers and internal teams to resolve account queries.
Handling client money in accordance with FCA and CASS requirements.
Supporting month-end activities and maintaining accurate financial records.
Helping improve processes and strengthen financial controls.
What we’re looking for You must have at least one year’s experience in an Insurance Broker Accounts role.
Alongside this, you’ll bring: Practical experience of cash allocations, reconciliations and processing client money.
A good understanding of FCA client money and CASS requirements.
Strong numerical skills and excellent attention to detail.
Good Excel skills and confidence using insurance accounting systems.
The ability to investigate discrepancies and work through allocation and reconciliation challenges.
Clear communication skills and confidence dealing with colleagues and external stakeholders.
An organised approach, with the ability to prioritise your workload and meet deadlines.
A reliable, proactive attitude and a willingness to support the wider team.
Knowledge of London Market processes and experience using IBS or Acturis would be particularly useful.
Why consider this role?
If you enjoy the detail of insurance accounts but also want regular interaction with people across the business, this position offers both.
You’ll have the opportunity to build your London Market knowledge, gain exposure to a range of IBA activities and contribute ideas that improve the way the team works.
With a salary of up to £40,000, this is an appealing next step for an IBA professional looking to develop within a specialist Lloyd’s broking environment.
Interested?
Apply today or contact Kieran Boyle at CKB Recruitment for a friendly, confidential conversation
IBA Accounts Technician employer: CKB Recruitment Ltd
Join a leading independent specialist broker in Bristol, where you will enjoy the freedom to develop your own Professional Indemnity portfolio while benefiting from an uncapped commission structure and a supportive work culture. With a focus on professional growth, you will have access to excellent employee benefits including matched pension contributions, private medical insurance, and a salary-sacrifice electric vehicle scheme, all within a dynamic environment that values autonomy and innovation.
StudySmarter Expert Advice🤫
We think this is how you could land IBA Accounts Technician
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like CKB Recruitment Ltd. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace IBA Accounts Technician
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to CKB Recruitment Ltd.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on CKB Recruitment Ltd's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at CKB Recruitment Ltd
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with CKB Recruitment Ltd.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at CKB Recruitment Ltd will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former CKB Recruitment Ltd employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
