IBA Client Account Handler

JR United Kingdom; Cambridge; Remote; GBP 45,000 - 50,000; Full time

Job summary

A leading company in the insurance sector seeks an IBA Client Account Handler to manage client accounts and ensure compliance with regulations. This role requires at least 3 years of experience in the London insurance market, with responsibilities including reconciliations and cash allocations. Remote working is available within the UK, and the position offers a competitive salary of £45,000 to £50,000 plus bonuses.

Qualifications

• Minimum 3 years' experience in an IBA role within the London insurance market.
• Solid knowledge of IBA accounting and reconciliation.
• Familiarity with GXB or equivalent broking platforms.

Responsibilities

• Manage client and insurer accounts in line with regulatory standards.
• Handle account reconciliations and resolve queries promptly.
• Allocating cash receipts and payments accurately.

Skills

IBA accounting

Reconciliation

Cash allocation

Excel

Communication

Stakeholder management

Analytical thinking

Tools

GXB

Job description

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Are you an experienced IBA professional looking for your next challenge in the London insurance market? We’re on the lookout for a highly organized and detail-oriented IBA Client Account Handler to join our dynamic team.

Role Type: Fixed Term Contract (12 Months)

Location: Remote working from within the UK

Salary – £45,000 > £50,000 + Bonus & Benefits

We are partnered with a global information technology company with a strong foothold and a focused division within the insurance industry.

If you have at least 3 years of experience in a London Market broking house, a strong grasp of insurance accounting, and top-tier reconciliation skills, we’d love to hear from you.

Responsibilities for the IBA Client Account Handler will include but are not limited to:

• Managing client and insurer accounts in line with regulatory and company standards
• Handling account reconciliations and swiftly resolving queries
• Accurately allocating cash receipts and payments
• Collaborating with brokers, underwriters, and internal teams to resolve discrepancies
• Maintaining and reconciling client and insurer ledgers
• Supporting month-end and year-end financial closings
• Proactively managing aged debt and unallocated cash
• Ensuring compliance with FCA regulations
• Using GXB (Global XB) or similar broking/accounting platforms (a big plus!)

Skills required for the IBA Client Account Handler will include but are not limited to:

• Minimum 3 years’ experience in an IBA role within the London insurance market
• Solid knowledge of IBA accounting, reconciliation, and cash allocation
• Familiarity with GXB or equivalent broking platforms is highly desirable
• Strong Excel skills and confidence in Microsoft Office
• Excellent communication and stakeholder management skills
• A sharp eye for detail and high level of numeracy
• Working knowledge of FCA regulations and compliance standards

Added skills which would be beneficial are:

• Experience in a fast-paced broking environment
• Strong problem-solving skills and analytical thinking

If you are interested in hearing more, please do not hesitate to apply