IBA Manager, Insurance Broker Accounting

JR United Kingdom; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading company is seeking an IBA Manager to lead UK Insurance Broker accounting operations for a major client. This strategic role demands prior experience in IBA and UK market regulations, including responsibilities like client liaison and managing technology transitions. The opportunity involves collaboration across departments and requires flexibility for client visits, while leading a substantial offshore team.

Qualifications

• Candidates must have prior experience working in IBA.
• Strong exposure to UK market regulations like FCA guidelines.
• Understanding of bureau and non-bureau processes required.

Responsibilities

• Act as a liaison between the client and delivery teams.
• Collaborate with departments like risk processing.
• Provide subject matter expertise to support understanding.

Skills

Experience in IBA

Exposure to UK market regulations

Understanding of bureau processes

Subject matter expertise

Job description

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IBA Manager, Insurance Broker Accounting, london (city of london)

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Client:

Highams Recruitment

Location:

london (city of london), United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

3

Posted:

26.06.2025

Expiry Date:

10.08.2025

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Job Description:

A newly created role to own UK Insurance Broker accounting operations for a large client in the London Market.

This is a strategically important hire, the first of its kind for this client with the aim to grow broker processing. The selected candidate will help productise this model for other potential clients.

• Candidates must have prior experience working in IBA (Insurance Broker Accounting).
• 75% of the client’s business is UK-based; the rest spans the US, Bermuda, Europe, and Australia.
• Strong exposure to UK market regulations (e.g., FCA guidelines, Lloyd’s involvement).
• Understanding of bureau and non-bureau processes, including:

LPAN submissions

Premium accounting & fund collection

Settlements via Xchanging / CAS (Central Accounting System)

• Previous involvement in work transitions (client onboarding/offshoring/vendor transitions)

Key Responsibilities

• Act as a liaison between the client and the delivery teams.
• Collaborate with multiple departments (e.g., risk processing, underwriting support).
• Work closely with the client’s IBA and accounting managers.
• Be willing to visit client offices in the UK as needed, though the role is not based full-time at the client site.
• Provide subject matter expertise to support team understanding and drive execution.
• Assist with technology transitions (e.g., new platform implementation) – UAT/ desirable but not mandatory.

4. Team Structure

• The overall engagement involves 90–200 team members offshore.
• The IBA-specific team will be around 35–36 members, based in various offices across India.
• Flexibility possible if justified by candidate quality.

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Created on 26/06/2025 by JR United Kingdom