Head of IBA

JSS; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Job summary

JSS is recruiting a Head of IBA to lead a large broking accounts function across UK offices. You will oversee premium and commission accounting, insurer settlements, client money and regulatory compliance, while maintaining financial record integrity.

You will also drive payments solutions, systems improvements and offshoring initiatives. This role requires strong leadership, excellent communication and robust regulatory experience in a large insurance broker environment.

Qualifications

• 8-10 years' experience in a senior IBA role
• Background in a large insurance broker essential
• In-depth knowledge of IBA and client money practices
• Experience dealing with regulators, insurers and auditors
• Strong leadership and people management skills
• Excellent communication and stakeholder management skills
• Strong understanding of broker accounting and management systems
• An accounting or finance degree or professional qualification is preferred

Responsibilities

• Oversee the full broking accounts operation including premium and commission accounting, insurer settlements, client collections, client money and regulatory compliance
• Accountable for the accuracy and integrity of the function's financial records
• Lead payments solutions, systems and process improvements, offshoring and new product support
• Collaborate with stakeholders across the business, insurers, auditors and regulators
• Drive risk controls and ensure compliance with regulatory requirements
• Manage a sizeable team across UK offices with a hybrid working pattern

Skills

Leadership

People management

Communication

Stakeholder management

Broker accounting

Regulatory experience

Accounting systems

Education

Accounting/Finance degree or professional qualification

Tools

Broker accounting software

ERP systems

Job description

JSS is partnering with a leading global insurance broker on the appointment of a Head of IBA.

This is a senior leadership role with full responsibility for a large IBA function across their UK offices. You'll lead a sizeable team through a group of direct reports, set the IBA strategy and move the function forward, while keeping strong controls over client and insurer funds.

The Opportunity

You'll oversee the full broking accounts operation, including premium and commission accounting, insurer settlements, client collections, client money and regulatory compliance. You'll be accountable for the accuracy and integrity of the function's financial records.

The role also covers payment solutions, systems and process improvement, offshoring and new product support. You'll work with stakeholders across the business, as well as with insurers, auditors and regulators.

The Candidate

• 8-10 years' experience in a similar senior IBA role
• A background within a large insurance broker is essential, with experience of working at scale
• In-depth knowledge of IBA and client money practices
• Experience dealing with regulators, insurers and auditors
• Strong leadership and people management skills
• Excellent communication and stakeholder management skills
• A strong understanding of broker accounting and management systems
• An accounting or finance degree or professional qualification is preferred

Working Pattern

The role is hybrid, with 3 days a week in the office and regular travel between offices.