At a Glance
- Tasks: Manage client money operations and ensure compliance with FCA CASS rules.
- Company: A growing insurance group in London with a supportive culture.
- Benefits: Collaborative environment, professional development, and exposure to senior stakeholders.
- Other info: Opportunities for process modernisation and team development.
- Why this job: Make a real impact in finance while shaping the future of the company.
- Qualifications: Strong IBA experience and knowledge of FCA CASS rules required.
The predicted salary is between 60000 - 75000 £ per year.
A growing and well-established insurance group based in London is seeking an experienced IBA Manager to take ownership of their client money and finance operations. This is an exciting opportunity to join a forward-thinking business with strong leadership, a supportive culture, and a focus on continual improvement.
In this role, you will be responsible for managing all finance and client money activities across the group, including:
- Ownership and oversight of Client Money Calculations (CMC)
- Ensuring compliance with FCA CASS rules and internal client money procedures
- Managing and reconciling client money accounts across multiple currencies
- Overseeing cash allocation, insurer settlements and aged balances
- Daily use and control of Xero and Global systems, ensuring accuracy and integrity
- Investigating and resolving discrepancies across systems and bank accounts
- Supporting RMAR reporting and other regulatory returns
- Maintaining strong financial controls and audit-ready processes
- Line-managing and developing the Accounts Assistant and wider finance team
- Collaborating with compliance and senior business units
- Identifying and implementing process improvements
- Preparing ad-hoc financial reporting for senior management
To succeed, you will need:
- Strong IBA / client money experience within the insurance sector
- In-depth knowledge of FCA CASS rules and client money processes
- Confident working across multi-currency client money accounts
- Proven ability to investigate and resolve reconciliation discrepancies
- Strong financial controls mindset with audit-ready standards
- Ability to lead, support and develop finance team members
- Proactive approach to improving processes and ensuring compliance
You will join a collaborative, tight-knit finance environment where your expertise will have genuine impact. The business offers strong exposure to senior stakeholders, opportunities to modernise processes, and ongoing professional development including CPD support. You will play a key role in shaping the finance and client money function as the company continues to grow.
Manager - Insurance in London employer: Hays
Contact Detail:
Hays Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager - Insurance in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance sector and let them know you're on the hunt for an IBA Manager role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on FCA CASS rules and client money processes. Be ready to discuss how your experience aligns with the responsibilities of managing client money activities and ensuring compliance. Confidence is key!
✨Tip Number 3
Showcase your proactive approach to process improvements during interviews. Share specific examples of how you've identified issues and implemented solutions in previous roles. This will demonstrate your value to potential employers.
✨Tip Number 4
Don't forget to apply through our website! We love seeing candidates who are genuinely interested in joining our forward-thinking team. Plus, it gives us a chance to see your enthusiasm right from the start.
We think you need these skills to ace Manager - Insurance in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the IBA Manager role. Highlight your experience with client money and FCA CASS rules, as these are key for us. Use specific examples that showcase your skills in managing finance operations.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Tell us why you're passionate about the insurance sector and how your background makes you the perfect fit for our team. Keep it engaging and personal, showing us your personality.
Showcase Your Achievements: Don’t just list your responsibilities; highlight your achievements! Whether it’s improving processes or resolving discrepancies, we want to see how you've made an impact in your previous roles. Numbers and results speak volumes!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it shows us you’re keen to join our team!
How to prepare for a job interview at Hays
✨Know Your CASS Rules
Make sure you brush up on your knowledge of FCA CASS rules before the interview. Being able to discuss these regulations confidently will show that you understand the compliance side of the role and can ensure adherence in your future work.
✨Demonstrate Your Financial Acumen
Prepare to talk about your experience with client money calculations and multi-currency accounts. Bring specific examples of how you've managed these processes in the past, as this will highlight your expertise and ability to handle the responsibilities of the role.
✨Showcase Your Leadership Skills
Since you'll be managing a team, think of instances where you've successfully led or developed team members. Be ready to share how you foster collaboration and support within your team, as this will resonate well with the company's supportive culture.
✨Be Ready to Discuss Process Improvements
The company values continual improvement, so come prepared with ideas on how you could enhance their finance operations. Think about past experiences where you've identified inefficiencies and implemented successful changes, as this will demonstrate your proactive approach.