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For Companies At a Glance
- Tasks: Support finance team with IBA, Credit Control, and Operations functions.
- Company: Leading Lloyds Broker providing innovative risk solutions globally.
- Benefits: Competitive salary, hybrid working, and opportunities for personal development.
- Why this job: Join a vibrant team and make an impact in the insurance sector.
- Qualifications: Experience in Credit Control/IBA and knowledge of London Insurance Market preferred.
- Other info: Dynamic role with excellent career growth in a supportive environment.
The predicted salary is between 28000 - 40000 £ per year.
Summary
Our client is a leading Lloyds Broker working with SME, Corporate and Multinational businesses throughout the globe to provide innovative risk solutions across a wide range of different (re)insurance classes.
You will be joining a vibrant finance team who work collectively and support each other to provide a fast and efficient service to internal and external stakeholders.
The purpose of the role is to support the finance team across all IBA, Credit Control and Operation functions.
Main Duties:
* Posting Cash received and paid on the IBA system daily
* Matching cash received/paid in against insurance transactions daily
* Weekly Bank reconciliations
* Entering insurance payments in bank daily
* Entering insurance payments in FX trading platform daily
* Liaison with external brokers; dealing with queries in the Credit Control email inbox daily
* Investigating unallocated cash and matching transactions
* Loading CSV interface files from underwriting systems to IBA system
* Matching cash in both IBA system and underlying insurance underwriting systems
* Support the Accounts Manager
Skills Required:
* Previous experience working within Credit Control/ IBA
* London Insurance Market knowledge, preferred
* Experience of using UK bank portals
* Familiar with IBA (Insurance Broking accounts) systems
* Good organisation skills
* Able to work independently and use initiative
What you need to know:
* Permanent
* Based in the City of London – hybrid (3 days in London) with 2 days home working
* Salary between £35,000 – £40,000
* A great opportunity to join a global leader in the insurance sector.
* Join a company that supports employee well-being, technical training and personal development.
IBA Insurance Accounting Technician employer: MW Appointments
Contact Detail:
MW Appointments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA Insurance Accounting Technician
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance sector, especially those who know about IBA and Credit Control. A friendly chat can lead to insider info or even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of the London Insurance Market. We want you to show off your expertise and how it relates to the role. Confidence is key!
✨Tip Number 3
Don’t forget to highlight your organisational skills during interviews. Share examples of how you've managed cash transactions or reconciliations effectively. We love seeing that initiative!
✨Tip Number 4
Apply through our website for a smoother process! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for passionate candidates like you!
We think you need these skills to ace IBA Insurance Accounting Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your previous experience in Credit Control and IBA, as well as any relevant knowledge of the London Insurance Market. We want to see how you fit into our vibrant finance team!
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 makes you a great fit. Don’t forget to mention your organisational skills and ability to work independently – we love that!
Showcase Relevant Experience: When detailing your experience, focus on specific tasks that align with the main duties listed in the job description. For instance, if you've done bank reconciliations or worked with IBA systems, make sure to highlight those experiences clearly. We appreciate attention to detail!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at MW Appointments
✨Know Your IBA Basics
Make sure you brush up on your knowledge of Insurance Broking Accounts (IBA) and the London Insurance Market. Familiarise yourself with common terms and processes, as this will show your potential employer that you're serious about the role and understand the industry.
✨Showcase Your Experience
Prepare specific examples from your previous roles that highlight your experience in Credit Control and cash management. Be ready to discuss how you've handled queries or reconciliations in the past, as this will demonstrate your ability to contribute to the finance team.
✨Ask Insightful Questions
Think of some thoughtful questions to ask during the interview. Inquire about the team's dynamics, the tools they use for bank reconciliations, or how they handle unallocated cash. This shows your interest in the role and helps you gauge if it's the right fit for you.
✨Demonstrate Your Organisational Skills
Since the role requires good organisation skills, be prepared to discuss how you manage your workload and prioritise tasks. You might even want to share a time when your organisational skills led to a successful outcome, which can really impress your interviewers.
