IBA Accounts Executive

Investigo; Greater London; Hybrid; GBP 36,000 - 50,000; Full time

Benefits offered by this job

Hybrid work arrangement

London office presence

Job summary

Investigo is recruiting an IBA Accounts Executive on a 12-month fixed-term contract in London. You will manage settlements across client, insurer and broker accounts, perform reconciliations and assist with proportional treaty activities in a fast-paced, collaborative environment.

Based in the London office three days a week with two days remote, you'll liaise with internal and external stakeholders to ensure accurate cash allocation and regulatory compliance.

Qualifications

• Experience in an IBA, insurance accounting or broker accounting environment.
• Knowledge of Lloyd's and bureau accounting processes.
• Experience handling proportional treaty business would be beneficial.
• Strong reconciliation and cash allocation skills.
• Good understanding of client money regulations and insurance accounting principles.
• Intermediate to advanced Excel skills.
• Excellent attention to detail and organisational skills.
• Strong communication skills with internal and external stakeholders.

Responsibilities

• Managing client, insurer and third-party account settlements.
• Performing bureau matching and investigating outstanding discrepancies.
• Preparing and issuing account statements within agreed timelines.
• Reconciling cash receipts, ledger transactions and account balances.
• Monitoring proportional treaty account movements.
• Investigating and resolving accounting and allocation queries.
• Supporting debt collection activities and aged debt reviews.
• Ensuring compliance with regulatory requirements and internal procedures.
• Maintaining accurate financial records and Audit trails.

Skills

Insurance accounting

Lloyd's knowledge

Proportional treaty

Reconciliation

Cash allocation

Excel

Attention to detail

Stakeholder communication

Tools

Excel

Job description

You will be joining a very well-established and prestigious London Insurance Broker as their IBA Accounts Executive on a 12 month fixed term contract. This is an excellent opportunity for an individual with insurance accounting experience to work across broker, client and underwriter accounts within a fast-paced and collaborative environment. You will be responsible for the administration and servicing of client and underwriter accounts, ensuring accurate processing, reconciliation and settlement of balances. The role also includes exposure to proportional treaty business and working closely with internal teams to resolve accounting and cash allocation queries. This role will be based in the London office 3 days a week, with the opportunity to work from home for the remaining 2 days.

Key Responsibilities

• Managing client, insurer and third-party account settlements
• Performing bureau matching and investigating outstanding discrepancies
• Preparing and issuing account statements within agreed timelines
• Reconciling cash receipts, ledger transactions and account balances
• Monitoring proportional treaty account movements
• Investigating and resolving accounting and allocation queries
• Supporting debt collection activities and aged debt reviews
• Ensuring compliance with regulatory requirements and internal procedures
• Maintaining accurate financial records and Audit trails

Role Requirements

• Previous experience within an IBA, insurance accounting or broker accounting environment
• Knowledge of Lloyd's and bureau accounting processes
• Experience handling proportional treaty business would be beneficial
• Strong reconciliation and cash allocation skills
• Good understanding of client money regulations and insurance accounting principles
• Intermediate to advanced Excel skills
• Excellent attention to detail and organisational skills
• Strong communication skills with the ability to liaise confidently with internal and external stakeholders

In Return

• Salary up to £50,000 + Benefits
• Hybrid working arrangement (3 days in London office)
• Opportunity to join a very well-established and fast-growing insurance business
• Exposure to specialist insurance and treaty accounting processes
• Supportive and collaborative working environment