IBA Account Manager

The Recruiter Ltd; Chelmsford; Hybrid; GBP 30,000 - 45,000; Full time

Job summary

A leading company is seeking an IBA Account Manager to take on a pivotal role handling IBA ledgers, ensuring accurate fund collection and settlement. Candidates must possess strong insurance knowledge, particularly in the Lloyds market, and be adept at communication. The position offers hybrid working along with a competitive salary and benefits package.

Benefits

Excellent salary and benefits package

Qualifications

• Experience in IBA reconciliation is essential.
• Good knowledge of Insurance in the Lloyds Market.
• Clear and concise communication skills are vital.

Responsibilities

• Handle day-to-day management of IBA ledgers for clients and underwriting.
• Ensure timely collection and settlement of funds.
• Liaise with overseas offices for payment and record accuracy.

Skills

Communication

Insurance Knowledge

IBA Reconciliation Experience

Data Accuracy

Job description

IBA Account Manager

Salary: Not specified

Location: Chelmsford, Essex

Job Type: Permanent

Ref: SJP230832

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

With offices in the UK and Globally

This includes maintenance and day to day handling of the IBA ledgers, both Client & Underwriting. Ensure timely collection / settlement to and from customers and supporting markets of the Overseas offices.

Assist Overseas offices in the collection and settlement of funds to/from clients
Ensure settlement and collection of funds from/to syndicate.
Responsibility for claim settlements paid to brokers and the reconciliation of syndicate funds
Responsibility for the accurate modification of reference data within the accounting system Enterprise Accounts (EA).
To ensure month end processes are run as planned reviewing data accuracy and report generation.
To liaise with the associated affiliated office to ensure their records are updated to reflect any amendments as required
To 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.
IBA reconciliation experience essential
Understanding of Slips, associated Endorsements and Closings.
Understanding of premium calculation from broker documentation.

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.

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