At a Glance
- Tasks: Manage IBA processes, reconciliations, and client money activities in a dynamic finance team.
- Company: A respected insurance platform in the London Market with a collaborative culture.
- Benefits: Competitive salary, hybrid working model, and opportunities for professional development.
- Other info: Fast-paced environment with exposure to brokers and underwriters.
- Why this job: Join a growing sector and gain valuable experience in insurance accounting.
- Qualifications: Experience in IBA/insurance accounting and strong Excel skills required.
The predicted salary is between 40000 - 50000 £ per year.
A growing and highly regarded insurance platform operating within the London Market, supporting MGA and broker operations. The business partners with both start-ups and established market players, providing the infrastructure and operational services required to build and scale successful insurance ventures.
You will be joining a collaborative and fast-paced environment with strong exposure to brokers, underwriters, and senior stakeholders across the market.
This is a key hire within the finance operations team, focused on delivering accurate and timely IBA processes. You will work closely with both internal teams and external stakeholders, supporting end-to-end client money and credit control activities.
Key responsibilities will include:
- Bank and client money reconciliations
- Premium reconciliations across multiple schemes
- Processing collection files and premium returns
- Preparing and issuing invoices and statements
- Processing broker commissions and timely transfers to office accounts
- Managing multi-currency accounts and settlements
- Supporting the collection of premiums and claims
- Maintaining accurate and up-to-date accounting records
- Supporting month-end close and internal reporting
- Investigating and resolving IBA-related queries
- Managing aged debt and supporting credit control processes
- Building relationships with brokers and underwriters
What you'll need to succeed:
- Prior experience in an IBA / insurance accounting role
- Strong understanding of London Market processes
- Working knowledge of FCA CASS 5 client money rules
- Experience handling high-volume reconciliations
- Strong Excel skills (pivot tables, lookups, data handling)
- Familiarity with systems such as Xchanging (desirable)
What you'll get in return:
- Competitive salary and benefits package
- Hybrid working model with flexibility
- Exposure to a growing and innovative area of the insurance market
- Strong team environment with opportunities for development
- Broad role offering end-to-end IBA exposure
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 Technician employer: Hays Specialist Recruitment Limited
Join a dynamic and respected insurance platform in the heart of London, where you will thrive in a collaborative and fast-paced environment. With a strong focus on employee development and a hybrid working model, this role offers you the chance to engage with key stakeholders while enjoying a competitive salary and benefits package. Experience the unique opportunity to work within a growing sector of the insurance market, enhancing your skills and career prospects.
Contact Details:
Hays Specialist Recruitment Limited Recruitment Team
