IBA Associate

IBA Associate

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our IBA team to manage client money and build relationships with clients and underwriters.
  • Company: Lockton is the world's largest independent broker, excelling in insurance and risk management.
  • Benefits: Enjoy career development support and a dynamic work environment in our Brighton office.
  • Why this job: Perfect for finance enthusiasts seeking a detail-oriented role in a growing company.
  • Qualifications: A good understanding of insurance principles and strong analytical skills are essential.
  • Other info: Ideal for those who thrive in a collaborative team setting and enjoy problem-solving.

The predicted salary is between 36000 - 60000 £ per year.

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As the world’s largest independent broker, we focus on delivering exceptional client service and expertise across insurance, employee benefits consulting, and risk management. Our strong entrepreneurial culture is supported by our scale and expertise across + locations and nearly 12,000 colleagues worldwide.

Role purpose

An exciting opportunity has arisen for an analytical individual to join our Insurance Broker Accounts (IBA) team. The team works closely with Lockton’s clients and insurance underwriters to carry out the reconciliation and management of client money.

This role is ideal for someone interested in finance with a keen eye for detail, looking to join a dynamic and growing business. The successful candidate will demonstrate accuracy, initiative, and excellent communication skills to build positive relationships with stakeholders.

Based in our Brighton office, you will benefit from the support of a longstanding professional team to support your career development.

Candidate requirements:

  • A good understanding of the general and legal principles applicable to insurance, particularly FSA client money rules.
  • Working knowledge of Lockton’s computer desktop software, including Microsoft Office suite, Excel, Brokersure BE/EA, Power BI, Sector, and A4B.
  • Good numerical ability and an analytical mindset.
  • Adaptability and a change-oriented approach.
  • Accuracy and a right-first-time approach.
  • Ability to work well as part of a team and support colleagues.
  • Ability to meet individual and team goals and objectives.
  • Effective verbal and written communication skills to maintain positive relationships with colleagues, clients, insurers, and third-party providers, representing Lockton professionally.
  • Ability to analyze and interpret financial data to facilitate decision-making, with excellent attention to detail.
  • Strong problem-solving skills, including research and investigation.
  • Good organizational skills, with the ability to manage time, prioritize, and meet deadlines without compromising quality.
  • Effective delegation skills as appropriate.
  • Understanding of cash collection/payment processes, such as general insurance accounting and client invoicing, is desirable.

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IBA Associate employer: Lockton Companies

Lockton is an exceptional employer that fosters a dynamic and entrepreneurial culture, making it an ideal place for individuals seeking to grow their careers in finance. With a supportive team based in Brighton, employees benefit from professional development opportunities and a collaborative work environment that values accuracy and initiative. Joining Lockton means being part of a global network of nearly 12,000 colleagues dedicated to delivering outstanding client service and expertise in insurance and risk management.
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Contact Detail:

Lockton Companies Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land IBA Associate

✨Tip Number 1

Familiarise yourself with the FSA client money rules and general insurance principles. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the industry.

✨Tip Number 2

Brush up on your Excel skills, especially functions related to financial data analysis. Being able to showcase your proficiency in tools like Power BI can set you apart from other candidates.

✨Tip Number 3

Network with current or former employees of Lockton to gain insights into the company culture and expectations. This can provide you with valuable information that you can use during your interview.

✨Tip Number 4

Prepare examples of how you've demonstrated accuracy and problem-solving skills in previous roles. Being able to discuss specific instances where you've excelled in these areas will strengthen your application.

We think you need these skills to ace IBA Associate

Analytical Skills
Attention to Detail
Numerical Ability
Understanding of FSA Client Money Rules
Proficiency in Microsoft Office Suite
Experience with Brokersure BE/EA
Knowledge of Power BI
Teamwork and Collaboration
Effective Communication Skills
Problem-Solving Skills
Organizational Skills
Time Management
Adaptability
Understanding of General Insurance Accounting
Cash Collection/Payment Process Knowledge

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the IBA Associate position. Tailor your application to highlight how your skills and experiences align with the job description.

Highlight Relevant Skills: Emphasise your analytical mindset, attention to detail, and communication skills in your CV and cover letter. Provide specific examples of how you've demonstrated these skills in previous roles or projects.

Showcase Your Knowledge: Mention your understanding of insurance principles and any relevant software experience, such as Microsoft Office or Brokersure BE/EA. This will show that you are prepared for the technical aspects of the role.

Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for joining Lockton's IBA team. Make sure to convey your eagerness to contribute to their dynamic and growing business.

How to prepare for a job interview at Lockton Companies

✨Showcase Your Analytical Skills

Since the role requires a keen analytical mindset, be prepared to discuss your experience with financial data analysis. Bring examples of how you've successfully interpreted data in previous roles and how it influenced decision-making.

✨Demonstrate Attention to Detail

Accuracy is crucial in this position. During the interview, highlight instances where your attention to detail made a significant impact on a project or task. This will show that you understand the importance of precision in the IBA team.

✨Familiarise Yourself with Relevant Software

Make sure you have a good understanding of the software mentioned in the job description, such as Microsoft Excel and Power BI. If possible, mention any specific projects where you used these tools effectively, as this will demonstrate your readiness for the role.

✨Prepare for Teamwork Questions

As the role involves working closely with colleagues and clients, be ready to discuss your teamwork experiences. Think of examples where you collaborated successfully, resolved conflicts, or supported team goals, showcasing your ability to build positive relationships.

IBA Associate
Lockton Companies
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