Iba Associate - London

Lockton Companies; Greater London; On-site; GBP 29,000 - 36,000; Full time

Job summary

Lockton Companies' Insurance Broker Accounts (IBA) team in London is seeking an analytical individual to reconcile and manage client money, working closely with clients and underwriters to ensure accurate cash handling and compliance.

The successful candidate will bring experience in the insurance industry, strong numerical ability and excellent communication skills, and will thrive in a detail-focused role within a collaborative, growing business environment.

Qualifications

• Experience in the insurance industry with a good understanding of cash collection/payment processes applicable to insurance in particular FSA client money rules.
• Proficiency in Microsoft Office; Brokasure experience preferred but not essential.
• Experience of working within the Transportation sector.
• Strong numerical ability and an analytical mindset.
• Adaptable and change orientated.
• Adopts right first-time approach.
• Works well as part of a team in support of other team colleagues.
• Ability to communicate effectively and professionally both verbally and in writing to maintain positive and successful business relationships with Lockton colleagues, our clients, insurers and other third-party providers representing Lockton in the highest professional manner.
• Ability to compile, analyse and interpret financial information and data to facilitate decision making, with excellent attention to detail.
• Good organisational skills, ability to manage time, prioritise and ensure that deadlines are met without compromising quality.

Responsibilities

• Credit control of an assigned set of client accounts
• Review, diary management and escalation of queries/ differences to the business to ensure timely resolution and ensure cash received is matched in a timely manner
• Acting as liaison for our clients with internal divisional stakeholders
• Reconciliation of accounts
• Managing query escalation to Lockton's broking divisions and within IBA, ensuring compliance with internal procedures and external regulatory requirements
• Complying with internal procedures and external regulatory requirements

Skills

Numerical ability

Analytical mindset

Communication skills

Team player

Adaptability

Right-first-time

Attention to detail

Time management

Prioritization

Financial data analysis

Insurance industry experience

Cash collection

FSA client money rules

Tools

Microsoft Office

Brokasure

Job description

An exciting opportunity has arisen for an analytical individual to join our Insurance Broker Accounts (IBA) team in London who work closely with Lockton’s clients and insurance underwriters to carry out the reconciliation and management of client money.

This is an excellent role for someone with an interest in finance and a keen eye for detail to join a dynamic and growing business. The successful candidate will demonstrate a high degree of accuracy and initiative and will be an excellent communicator who builds positive and successful relationships with stakeholders.

Key responsibilities include:

Credit control of an assigned set of client accounts

• Review, diary management and escalation of queries/ differences to the business to ensure timely resolution and ensure cash received is matched in a timely manner
• Acting as liaison for our clients with internal divisional stakeholders
• Reconciliation of accounts
• Managing query escalation to Lockton's broking divisions and within IBA, ensuring compliance with internal procedures and external regulatory requirements
• Complying with internal procedures and external regulatory requirements

You should have:

• Previous experience of working within the insurance industry with a good understanding of cash collection/payment processes applicable to insurance in particular FSA client money rules.
• A working knowledge of Microsoft Office suite and ideally experience of Brokasure although this is not essential.
• Experience of working within the Transportation sector
• Good numerical ability and an analytical mindset
• Adaptable and change orientated
• Adopts right first-time approach
• Works well as part of a team in support of other team colleagues
• Ability to communicate effectively and professionally both verbally and in writing to maintain positive and successful business relationships with Lockton colleagues, our clients, insurers and other third-party providers representing Lockton in the highest professional manner.
• Ability to compile, analyse and interpret financial information and data to facilitate decision making, with excellent attention to detail.
• Good organisational skills, ability to manage time, prioritise and ensure that deadlines are met without compromising quality.