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- Tasks: Lead all accounting activities for insurance brokerage operations and ensure financial integrity.
- Company: Join Lockton, the world's largest independent insurance brokerage with a caring culture.
- Benefits: Competitive salary, career development, and a supportive work environment.
- Why this job: Make a real impact in the insurance industry while nurturing your leadership skills.
- Qualifications: Bachelor’s degree in Accounting or Finance; extensive IBA experience preferred.
- Other info: Be part of a company that values community and client service.
The predicted salary is between 43200 - 72000 £ per year.
As Head of IBA you will be responsible for overseeing all accounting activities related to insurance brokerage operations, including premium accounting, insurer settlements, client collections, commission reconciliation, trust accounts, and regulatory compliance. The role ensures accuracy, timeliness, and integrity of financial records while maintaining strong controls over client and insurer funds.
Key responsibilities include:
- Insurance Broker Accounting & Controls
- Reconciliations and Reporting
- Compliance & Regulatory Oversight
- Systems & Process Improvement
- Leadership & Stakeholder Management
- Offshoring Support of New Products
Candidate Profile:
We welcome applicants with the following skills and experience:
- Bachelor’s degree in Accounting, Finance, or related field (Master’s or CPA/ACCA preferred)
- Extensive experience in IBA or insurance finance
- Strong understanding of insurance products, premiums, commissions, and trust accounting
- Proven experience dealing with regulators, insurers, and auditors
- Deep knowledge of IBA practices
- Strong leadership and people management skills
- High attention to detail and strong analytical abilities
- Excellent communication and stakeholder management skills
- Proficiency in accounting systems and insurance broker management systems
About The Position:
Lockton is the world's largest privately held independent insurance brokerage. Since 1966, our private ownership has allowed us to serve our clients, nurture our people, and give back to our communities in ways other companies simply can't. We're passionate about helping you achieve your ultimate potential. If you believe in providing excellent client service, supporting community initiatives, and being part of our caring culture, then you belong here.
Head of IBA in Peacehaven employer: Lockton Companies
Contact Detail:
Lockton Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of IBA in Peacehaven
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and finance sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching Lockton and its culture. Understand their values and how they align with your own. This will help you tailor your responses and show that you’re genuinely interested in being part of their team.
✨Tip Number 3
Showcase your expertise! Be ready to discuss your experience in IBA and how you've handled regulatory compliance and financial accuracy. Use specific examples to demonstrate your skills and how they can benefit Lockton.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining Lockton and being part of their amazing culture.
We think you need these skills to ace Head of IBA in Peacehaven
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your extensive experience in IBA and any relevant qualifications like a Master’s or CPA/ACCA. We want to see how you fit into our world!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our needs. Don’t forget to mention your leadership skills and experience with regulatory compliance.
Showcase Your Analytical Skills: Since attention to detail and strong analytical abilities are key for this role, include examples of how you've successfully managed financial records or improved processes in your previous roles. We love seeing real-life applications of your skills!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the Head of IBA position. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Lockton Companies
✨Know Your Numbers
As the Head of IBA, you'll need to demonstrate a solid grasp of accounting principles and insurance finance. Brush up on key metrics related to premium accounting, commission reconciliation, and trust accounts. Be ready to discuss how you've ensured accuracy and integrity in financial records in your previous roles.
✨Showcase Your Leadership Skills
This role requires strong leadership and people management skills. Prepare examples of how you've led teams or managed stakeholders effectively. Think about times when you improved processes or systems and be ready to share those success stories during the interview.
✨Understand Regulatory Compliance
Since compliance is a big part of this role, make sure you’re familiar with relevant regulations and how they impact insurance brokerage operations. Be prepared to discuss your experience dealing with regulators and auditors, and how you’ve maintained compliance in past positions.
✨Communicate Clearly
Excellent communication is key for this position. Practice articulating your thoughts clearly and concisely. You might be asked to explain complex financial concepts, so think about how you can simplify these for different audiences, including stakeholders who may not have a finance background.
