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- Tasks: Manage international client accounts and resolve cash allocation issues.
- Company: Join a dynamic team in the insurance sector, focused on client success.
- Benefits: Enjoy excellent work-life balance with flexible office or hybrid options.
- Why this job: Be part of a supportive culture that values relationships and compliance.
- Qualifications: Experience in IBA within the insurance sector is essential.
- Other info: Opportunity to influence key stakeholders and enhance your career.
The predicted salary is between 36000 - 60000 £ per year.
Accounting IBA Specialist
Salary: Not specified
Location: Chelmsford, Essex
Job Type: Permanent
Ref: SJP230854
You will manage a portfolio of International Client Accounts.
Responsibilities are to investigate an allocation of cash, credit control, payments, liaise and resolve any legacy issues.
- To ensure all debts are collected as soon as possible and all liabilities are settled within agreed credit terms
- All cash received is reconciled
- Processes are being completed on a timely and accurate basis
- Accounting ledgers are maintained within timescales
- Produce accurate and timely management information
- Regular liaison with other departments regarding outstanding queries, particularly cash queries
- Ensure that all outstanding cash under query with the clients/underwriters is met within timescales
- Prepare and despatch statements of accounts in accordance with clients.
- Monitor client money payments to intermediary placing brokers
- Notify appropriate individuals of potential bad debts
- Build and manage relationships with key internal and external stakeholders to ensure the success of the project.
- Ensure compliance with appropriate group policies and procedures.
- Able to influence various stakeholders both internally and externally.
- IBA experience within the Insurance Sector.
This position offers an excellent work life balance, office/hybrid.
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Accounting IBA Specialist employer: The Recruiter Ltd
Contact Detail:
The Recruiter Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Accounting IBA Specialist
✨Tip Number 1
Familiarise yourself with the specific accounting software and tools commonly used in the insurance sector. Being able to demonstrate your proficiency in these systems during interviews can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in IBA roles. Attend relevant events or join online forums to gain insights and potentially get referrals that could help you land the job.
✨Tip Number 3
Prepare to discuss your experience with cash allocation and credit control in detail. Be ready to provide examples of how you've successfully managed client accounts and resolved issues in previous roles.
✨Tip Number 4
Research StudySmarter's company culture and values. Tailoring your conversation to align with our mission and demonstrating how you can contribute to our goals will make a strong impression during the interview process.
We think you need these skills to ace Accounting IBA Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in accounting and IBA, particularly within the insurance sector. Use specific examples that demonstrate your ability to manage client accounts and resolve issues.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities mentioned in the job description. Emphasise your skills in cash allocation, credit control, and stakeholder management, and explain why you are a great fit for the role.
Showcase Your Achievements: In your application, include quantifiable achievements related to debt collection and account management. This could be improvements in cash flow or successful resolution of legacy issues, which will make your application stand out.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for an accounting role.
How to prepare for a job interview at The Recruiter Ltd
✨Understand the Role
Make sure you thoroughly understand the responsibilities of an Accounting IBA Specialist. Familiarise yourself with cash allocation, credit control, and the importance of timely reconciliations. This will help you answer questions confidently and demonstrate your knowledge.
✨Showcase Your Experience
Highlight any previous experience you have in managing international client accounts or working within the insurance sector. Be prepared to discuss specific examples where you've successfully resolved issues or improved processes.
✨Prepare for Stakeholder Questions
Since the role involves liaising with various stakeholders, be ready to discuss how you would build and manage these relationships. Think of examples where you've influenced decisions or collaborated effectively with others.
✨Demonstrate Compliance Knowledge
Familiarise yourself with group policies and procedures relevant to the role. Be prepared to discuss how you ensure compliance in your work, as this is crucial for the position.
