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For Companies At a Glance
- Tasks: Manage insurer and client accounts, ensuring timely collection and settlement of funds.
- 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 50000 - 65000 £ 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 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
✨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 Technician 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 just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that excite you and match your skills. Tailor your approach to each company to show them why you’re the perfect fit!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Plus, it shows your enthusiasm for the role and reinforces your commitment to joining their team.
We think you need these skills to ace Senior IBA Technician
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 key responsibilities mentioned in the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this senior role. Share specific examples of how you've improved cash flow or managed aged debt in previous positions.
Showcase Your Knowledge: Demonstrate your understanding of Lloyd’s processes and FCA CASS 5 rules in your application. We’re looking for candidates who can hit the ground running, so let us know how you’ve applied this knowledge in your past roles.
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 about the hiring process!
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 related to Lloyd’s and FCA CASS 5 rules. Being able to discuss these in detail will show that you’re not just familiar with the basics but are ready to take on a senior role.
✨Showcase Your Analytical Skills
Prepare examples of how you've used your advanced reconciliation and analytical skills in previous roles. Be ready to discuss specific challenges you faced and how you resolved them, as this will demonstrate your problem-solving abilities.
✨Stakeholder Management is Key
Think about your experiences managing relationships with brokers, clients, and insurers. Have a few anecdotes ready that highlight your communication skills and how you’ve successfully navigated complex stakeholder environments.
✨Demonstrate Process Improvement Experience
Be prepared to talk about any initiatives you've led or contributed to that improved operational processes. This could be anything from streamlining cash allocation to enhancing reporting methods—showing that you can add value to their team.