At a Glance
- Tasks: Manage insurer and client accounts, ensuring accurate fund collection and settlement.
- Company: Join a growing, internationally connected business in the specialty (re)insurance market.
- Benefits: Competitive salary, career growth, and the chance to make a real impact.
- Other info: Collaborate with diverse teams and enhance your skills in a supportive setting.
- Why this job: Step into a senior role and strengthen financial operations in a dynamic environment.
- Qualifications: 5+ years in London Market with strong IBA and credit control experience.
The predicted salary is between 55000 - 70000 £ per year.
Are you an experienced IBA professional looking to step into a senior, high-impact role within the specialty (re)insurance market? This is an exciting opportunity to join a growing, internationally connected business and play a key role in strengthening financial operations and controls.
The Role
As a Senior IBA / Credit Control Technician, you’ll take ownership of insurer and client accounts, ensuring the accurate and timely collection, allocation, and settlement of funds in line with Lloyd’s and FCA requirements. Working closely with broking, finance, and operations teams, you’ll be central to improving cash flow, reducing aged debt, and maintaining strong financial governance.
Key Responsibilities
- Manage day-to-day IBA activity (cash allocation, reconciliations, settlements, bordereaux)
- Monitor and resolve aged debt and unallocated cash
- Produce and review CASS 5 compliant reconciliations
- Maintain accurate financial and risk data within broking systems
- Handle IMR/Xchanging submissions and documentation
- Deliver regular MI and debt reporting
- Support audits and ensure ongoing regulatory compliance
- Oversee outsourced IBA processes and act as deputy when required
What We’re Looking For
- 5+ years’ experience in the London Market / specialty wholesale (re)insurance
- Proven background in senior IBA / credit control roles
- Strong knowledge of Lloyd’s processes and FCA CASS 5 rules
- Experience improving or scaling operational processes
- Advanced reconciliation and analytical skills
- Confident stakeholder management across brokers, clients, and insurers
If you’re ready to take the next step in your IBA career, get in touch or apply today.
Senior IBA Technician in London employer: Nashrock Insurance Recruitment
Join a dynamic and respected specialist underwriting organisation in London, where you will have the opportunity to take ownership of a diverse portfolio of international specialty risks. With a strong emphasis on employee growth, this company fosters a collaborative work culture that encourages innovation and relationship-building with brokers, ensuring you can thrive in your role while enjoying competitive salary packages and benefits.
Contact Details:
Nashrock Insurance Recruitment Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior IBA Technician in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Nashrock Insurance Recruitment. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior IBA Technician in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Nashrock Insurance Recruitment.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Nashrock Insurance Recruitment's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Nashrock Insurance Recruitment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Nashrock Insurance Recruitment.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Nashrock Insurance Recruitment will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Nashrock Insurance Recruitment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
