IBA Manager, Insurance Broker Accounting

JR United Kingdom; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading company in the London Market is seeking an IBA Manager to oversee insurance broker accounting operations. This newly created role aims to enrich broker processing and requires expertise in UK regulatory standards and effective team collaboration. The ideal candidate will provide vital support in transitioning technologies and liaise with various delivery teams.

Qualifications

• Prior experience in IBA and UK market regulations required.
• Experience with client onboarding/offshoring transitions preferred.

Responsibilities

• Act as liaison between client and delivery teams.
• Collaborate with multiple departments to enhance service.
• Provide subject matter expertise for technology transitions.

Skills

IBA (Insurance Broker Accounting)

UK market regulations

bureau and non-bureau processes

client onboarding

Tools

Central Accounting System (CAS)

Job description

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IBA Manager, Insurance Broker Accounting, London

Client: Highams Recruitment

Location: London, United Kingdom

Job Category: Other

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EU work permit required: Yes

Job Views: 3

Posted: 26.06.2025

Expiry Date: 10.08.2025

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.