IBA Accounts Clerk

Harrison Holgate

Greater London

On-site

GBP 45,000 - 55,000

Full time

11 days ago

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Job summary

Harrison Holgate in London is seeking an IBA Accounts Clerk to strengthen our Middle Office accounting function. This role focuses on accurate processing of receipts, reconciliations, and regulatory compliance within an insurance broking environment.

You’ll handle bank reconciliations, bureau allocations, and payments, support periodic ROEs, and ensure controls and procedures remain current. The ideal candidate has 2–5 years in IBA accounts and a keen eye for detail.

Qualifications

2–5 years’ experience within an IBA accounts department.
Experience with bank reconciliations and payment processing.
Working knowledge of IBA accounting systems.

Responsibilities

Process and allocate receipts, investigating and resolving related queries to ensure accuracy.
Prepare non-bureau payments, including claims, and input them into banking platforms.
Complete bank reconciliations to maintain precise financial records.
Handle bureau allocations and resolve associated queries efficiently.
Release de-linked transactions to the Bureau (initially for non-binder business).
Monitor and update weekly ROEs (Reconciliation of Entries).
Keep IBA policies and procedures current and aligned with best practices.
Support ongoing compliance and regulatory standards within the IBA framework.

Skills

IBA accounts experience

Attention to detail

Tools

IBA accounting systems

Banking platforms

Job description

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IBA Accounts Clerk

Finance & Accountancy

London

£50,000

Reference: HH/RF-14207

Are you ready to play a vital role in ensuring accuracy, compliance, and efficiency in IBA accounting? If you have a keen eye for detail and a passion for supporting financial operations, this is your chance to grow within a dynamic team that values expertise and dedication.

Overview

A Lloyd’s broker is looking for an experienced IBA Accounts professional to strengthen their Middle Office team. In this role, you’ll help maintain the integrity of our financial processes, support regulatory compliance, and contribute to the smooth running of the accounts function. This position offers an excellent opportunity for someone with 2–5 years’ experience in IBA accounts to broaden their skills and impact.

What You’ll Do

Process and allocate receipts, investigating and resolving related queries to ensure accuracy
Prepare non-bureau payments, including claims, and input them into banking platforms
Complete bank reconciliations to maintain precise financial records
Handle bureau allocations and resolve associated queries efficiently
Release de-linked transactions to the Bureau (initially for non-binder business)
Monitor and update weekly ROEs (Reconciliation of Entries)
Keep IBA policies and procedures current and aligned with best practices
Support ongoing compliance and regulatory standards within the IBA framework

Must-Have Skills and Experience

2–5 years’ experience within an IBA accounts department
Basic understanding of bureau and non-bureau processes
Experience with bank reconciliations and payment processing
Working knowledge of IBA accounting systems
Familiarity with Insurance, reinsurance, Bordereaux, and open market business
Detail-oriented with a focus on controls and compliance
Effective communication skills with internal teams and external stakeholders

This role provides a fantastic platform to develop your expertise in IBA accounting, work with a supportive team, and contribute to the success of our organization.