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- Tasks: Own and manage bordereaux reconciliation processes in a fast-paced Insurtech environment.
- Company: Dynamic Insurtech company with a focus on innovation and growth.
- Benefits: Competitive salary, 25 days holiday, hybrid working, and health insurance.
- Why this job: Make a real impact while collaborating with talented teams in the London Market.
- Qualifications: Experience in bordereaux processing and strong Excel skills required.
- Other info: Join a fun office culture with regular team events and excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for an experienced IBA Manager to take full ownership of our bordereaux reconciliation processes across both scheme and TOBA business. You will deliver and oversee the full IBA function, ensuring accuracy, compliance, and efficiency within a fast-growing Insurtech environment.
Working closely with a diverse and talented team, you will play a critical role in de-risking complex bordereaux processes, improving cash flow, maintaining regulatory standards, and partnering with our commercial teams to enable sustainable growth.
What you'll get up to:
- Own the bordereaux reconciliation process for scheme and TOBA business.
- Manage complex bordereaux flows across UK, EU, and London Market carriers.
- Collaborate with underwriting and commercial teams to ensure accurate data flow.
- Deliver and oversee the full IBA function, including credit control, cash allocation, and insurer & client settlements.
- Ensure timely collection and settlement of funds to optimise cash flow.
- Maintain accurate and compliant client money records.
- Produce and oversee month-end reports.
- Provide insights to senior leadership and support decision-making.
- Prepare CASS reporting for audit purposes.
- Ensure full compliance with FCA guidelines, Client Money rules, and internal controls.
- Act as the primary point of contact for internal and external audit queries.
- Act as a confident and reliable key point of contact for insurers, brokers, TPAs, and internal stakeholders.
- Liaise with London Market participants, Xchanging, and Lloyd’s of London.
- Build strong working relationships with non-UK insurance partners and clients.
- Use advanced Excel skills to analyse data, validate bordereaux, and streamline processes.
- Identify and implement continuous improvement opportunities across the IBA function.
About you:
- Strong knowledge of bordereaux processing within the UK and EU markets.
- Experience working with London Market processes, including Xchanging.
- Exposure to Lloyd’s of London operations and settlement frameworks.
- Solid understanding of FCA Client Money Rules (CASS 5).
- Experience dealing with non-UK carriers and clients.
- Skilled in reconciliation tools (Xero or equivalent).
- Proficient with Excel, pivot tables, data validation, reconciliations.
- Diligent, accurate, and efficient with excellent attention to detail.
- Strong communication skills.
- Able to confidently represent the business internally and externally.
In return, we offer you:
- A competitive salary and the ability to grow your career.
- 25 days holiday - so there’s plenty of time for work, rest and play.
- Hybrid way of working for the perfect work / life balance.
- Vitality private health and dental insurance.
- Added benefits including competitive pension and salary sacrifice.
- Access to financial wellbeing platform Mintago.
- Full access to Spill, our mental health platform.
- Cycle to work scheme.
- Fun and modern office environment with regular team social events.
- City of London location.
Do you have proven experience owning the full bordereaux reconciliation process in the London Market? If so, we’d love to connect & explore opportunities where your expertise can make a real impact!
IBA Manager in City of London employer: Superscript
Contact Detail:
Superscript Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA Manager in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in Insurtech or have experience with bordereaux processes. A friendly chat can lead to valuable insights and even job leads.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA Client Money Rules and bordereaux reconciliation. We want you to feel confident discussing these topics, so practice explaining them in simple terms.
✨Tip Number 3
Showcase your Excel skills! Be ready to demonstrate how you've used advanced functions to analyse data and streamline processes. We love seeing candidates who can back up their claims with real examples.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for talented individuals who can help us improve our IBA function and make a real impact.
We think you need these skills to ace IBA Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the IBA Manager role. Highlight your experience with bordereaux reconciliation and any relevant skills that match the job description. We want to see how your background aligns with what we're looking for!
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 role and how you can contribute to our team. Be sure to mention your experience with compliance and cash flow management, as these are key aspects of the position.
Showcase Your Skills: Don’t forget to highlight your advanced Excel skills and any experience with reconciliation tools like Xero. We love seeing candidates who can demonstrate their technical abilities, especially when it comes to data analysis and process improvement.
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 role. Plus, it shows us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Superscript
✨Know Your Bordereaux Inside Out
Make sure you brush up on your knowledge of bordereaux processing, especially within the UK and EU markets. Familiarise yourself with the specific processes and regulations, like FCA Client Money Rules, so you can confidently discuss how your experience aligns with the role.
✨Showcase Your Excel Skills
Since advanced Excel skills are crucial for this position, be prepared to talk about your experience with pivot tables, data validation, and reconciliations. You might even want to bring examples of how you've used these skills to streamline processes in previous roles.
✨Demonstrate Your Collaborative Spirit
This role involves working closely with underwriting and commercial teams, so highlight your teamwork experience. Share specific examples of how you've successfully collaborated with diverse teams to improve cash flow or enhance compliance.
✨Prepare for Questions on Continuous Improvement
The company is looking for someone who can identify and implement improvements across the IBA function. Think of instances where you've made processes more efficient or compliant, and be ready to discuss these during the interview.
