IBA Account Manager

The Recruiter Ltd; Chelmsford; Hybrid; GBP 35,000 - 55,000; Full time

Job summary

An established industry player is seeking an IBA Account Manager to play a crucial role in managing IBA ledgers and ensuring efficient fund settlements. This pivotal position requires strong expertise in IBA reconciliation and a solid understanding of the Lloyds Market. You will be responsible for maintaining accurate records, facilitating communication between offices, and ensuring timely processes are adhered to. The role offers hybrid working arrangements, making it an exciting opportunity for professionals looking to balance work and life while contributing to a dynamic team. If you possess the relevant experience and skills, this could be the perfect next step in your career.

Benefits

Hybrid working

Excellent salary

Benefits package

Qualifications

• Essential IBA reconciliation experience and knowledge of Insurance in the Lloyds Market.
• Clear communication skills and understanding of premium calculations required.

Responsibilities

• Handle IBA ledgers and ensure timely collection/settlement of funds.
• Liaise with overseas offices for fund settlements and ensure data accuracy.

Skills

IBA reconciliation

Insurance knowledge in the Lloyds Market

Clear communication

Understanding of Slips and Endorsements

Premium calculation

Tools

Enterprise Accounts (EA)

Job description

IBA Account Manager

Salary: Not specified

Location: Chelmsford, Essex

Job Type: Permanent

Ref: SJP230832

This is an opportunity to be an integral part of this pivotal position within the business.

With offices in the UK and Globally, this role includes:

1. Maintenance and day-to-day handling of the IBA ledgers, both Client & Underwriting.
2. Ensure timely collection/settlement to and from customers and supporting markets of the Overseas offices.
3. Assist Overseas offices in the collection and settlement of funds to/from clients.
4. Ensure settlement and collection of funds from/to syndicate.
5. Responsibility for claim settlements paid to brokers and the reconciliation of syndicate funds.
6. Responsibility for the accurate modification of reference data within the accounting system Enterprise Accounts (EA).
7. Ensure month-end processes are run as planned, reviewing data accuracy and report generation.
8. Liaise with the associated affiliated office to ensure their records are updated to reflect any amendments as required.
9. Ensure the accurate modification of processed data by the technical team is completed as required.

Clear and concise communication is vital.

Good knowledge of Insurance in the Lloyds Market is required.

IBA reconciliation experience is essential.

Understanding of Slips, associated Endorsements, and Closings is necessary.

Understanding of premium calculation from broker documentation is also required.

Offering hybrid working, excellent salary, and benefits package.

Please submit your CV for consideration if you feel that you have the relevant experience and skills.

Contact The Recruiter Specialists Group, who are acting as a Recruitment Agency for this Client and Position.