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For Companies 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
Contact Detail:
Nashrock Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior IBA Technician in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the London Market and let them know you're on the lookout for a Senior IBA role. You never know who might have the inside scoop on an opportunity that’s not even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Lloyd’s processes and FCA CASS 5 rules. We want you to be able to showcase your expertise confidently, so practice answering questions related to cash allocation and reconciliations.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Senior IBA Technician in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in IBA and credit control, especially within the London Market. We want to see how your skills align with the role, so don’t be shy about showcasing your achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Senior IBA Technician role. We love seeing passion and personality, so let us know what excites you about this opportunity.
Showcase Relevant Experience: When detailing your work history, focus on your 5+ years of experience in the specialty (re)insurance market. Highlight specific examples where you’ve improved cash flow or managed aged debt – we want to see your impact!
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 don’t miss out on any important updates from our team!
How to prepare for a job interview at Nashrock Insurance Recruitment
✨Know Your IBA Inside Out
Make sure you brush up on your knowledge of IBA processes, especially those specific to the London Market. Be prepared to discuss your experience with cash allocation, reconciliations, and settlements, as well as how you've handled aged debt in previous roles.
✨Showcase Your Analytical Skills
Since this role requires advanced reconciliation and analytical skills, come ready with examples of how you've used these skills to improve financial operations. Think about specific challenges you've faced and how you resolved them, particularly in relation to CASS 5 compliance.
✨Demonstrate Stakeholder Management
This position involves working closely with various teams, so be prepared to talk about your experience managing relationships with brokers, clients, and insurers. Highlight any successful collaborations or projects that showcase your ability to communicate effectively across different stakeholders.
✨Prepare for Regulatory Questions
Given the importance of regulatory compliance in this role, make sure you understand Lloyd’s processes and FCA CASS 5 rules. Be ready to discuss how you've ensured compliance in your past roles and how you would approach it in this new position.