IBA Accounts Assistant

Hays PLC; London; Hybrid; GBP 35,000; Full time

Job summary

An established Lloyd's broker located in the heart of London is seeking an IBA Accounts Assistant to join their expanding finance team. This exciting hybrid role offers the opportunity to work closely with the Finance Director and contribute to essential financial operations, including bank reconciliations, cash flow monitoring, and insurance payment processing. With a competitive salary and scope for progression, this position is perfect for candidates with insurance and IBA experience looking to advance their careers in a dynamic environment. Join a forward-thinking company that values growth and teamwork.

Benefits

Competitive salary

Hybrid working (2 days per week from home)

Scope for progression

Qualifications

• Experience in insurance and IBA is essential for this role.
• Strong IT skills, especially in Excel and report writing.

Responsibilities

• Prepare bank reconciliations for multiple accounts in various currencies.
• Monitor cash flow and assist with client money calculations.
• Process insurance payments and manage credit control tasks.

Skills

Insurance experience

IBA experience

Strong IT skills

Excel

Report writing

Job description

IBA Accounts Assistant | Hybrid | City of London | £35k+ | Lloyds Broker

Your new company

I have partnered with an established Lloyd's broker that places both UK and international business (insurance and reinsurance) based in the heart of London. You will be working in their modern offices, which are located a stone's throw away from the renowned Lloyd's building. They are expanding their finance team due to growth over the past couple of years, which has had a knock-on effect on the workload of the finance function. This role will report directly to the Finance Director, and you will be working within a team of five.

Your new role

1. Assisting and preparing bank reconciliations for multiple accounts (GBP, Euro, Dollar)
2. Monitoring cash flow position
3. Recording cash receipts & banking cheques received
4. Designated accounts reconciliations for both clients and underwriters
5. Drawing up and presenting cheques and bank transfer forms for agreement by the Client Money Manager and for Directors' signature
6. Processing weekly payments runs in multiple currencies.
7. Recording and processing insurance payments
8. Preparing and issuing statements of account, chasing settlements
9. Dealing with enquiries and queries and liaising with technicians/account handlers
10. Notifying brokers of aged debt or accounting issues
11. Other accounting duties as requested by the Finance Director/Client Money Manager
12. Assisting with Client Money Drawdown calculations
13. Credit control - including monitoring of Premium Payment Warranties/Conditions to ensure settled before due date
14. Downloading bureau signing messages and allocation of the daily signings
15. Claims payment runs once a week, and running the claims' spreadsheet.
16. Making sure Non-Risk Transfer letters are completed and forwarded to the relevant clients
17. Bank statements are saved, and eclipse rates completed once per month.

What you'll need to succeed

1. Insurance experience is required
2. IBA experience is preferred
3. Strong IT skills (XL, report writing, Excel)

What you'll get in return

1. Competitive salary
2. Hybrid working (2 days per week from home)
3. Scope for progression

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.