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- Tasks: Own and manage bordereaux reconciliation processes in a fast-paced Insurtech environment.
- Company: Join a 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 by optimising cash flow and ensuring compliance in a growing industry.
- Qualifications: Experience in bordereaux processing and strong Excel skills required.
- Other info: Enjoy 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.
Iba Manager in England employer: Superscript
Contact Detail:
Superscript Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Iba Manager in England
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and finance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Familiarise yourself with their IBA processes and recent news. This will help you tailor your answers and show that you’re genuinely interested in the role.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or family. Focus on articulating your experience with bordereaux reconciliation and compliance. The more comfortable you are, the better you’ll perform when it counts.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Iba Manager in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly 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 you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're the perfect fit for this role. Share specific examples of your past experiences that relate to the responsibilities listed in the job description.
Show Off Your Excel Skills: Since advanced Excel skills are a must, don’t forget to mention your proficiency with pivot tables and data validation. If you’ve streamlined processes or improved efficiency using Excel, let us know!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves!
How to prepare for a job interview at Superscript
✨Know Your Bordereaux Inside Out
Make sure you have a solid grasp of the bordereaux reconciliation processes, especially within the UK and EU markets. Brush up on your knowledge of how these processes work in the London Market, including Xchanging and Lloyd's of London operations, as this will show your expertise and confidence during the interview.
✨Showcase Your Excel Skills
Since advanced Excel skills are crucial for this role, be prepared to discuss specific examples of how you've used Excel for data analysis, validation, and reconciliation. If possible, bring along a portfolio or examples of reports you've created to demonstrate your proficiency.
✨Understand Compliance and Regulations
Familiarise yourself with FCA Client Money Rules (CASS 5) and any other relevant regulations. Be ready to discuss how you've ensured compliance in previous roles, as this will highlight your diligence and attention to detail, which are key for the IBA Manager position.
✨Build Relationships and Communicate Effectively
This role involves liaising with various stakeholders, so practice articulating how you've built strong working relationships in the past. Prepare examples that showcase your communication skills and ability to represent the business confidently, both internally and externally.
