Iba Team Leader

Specialist-Risk-Group; Greater London; On-site; GBP 55,000 - 85,000; Full time

Benefits offered by this job

25 days holiday

Private medical cover

Life insurance

Job summary

Specialist Risk Group is seeking an experienced Finance Manager to oversee the Insurance Broking Accounts (IBA) team in London. You will ensure accurate processing, cash allocations, and reconciliations while upholding strong financial controls and collaborating across the business.

Reporting to the Head of IBA, you’ll guide and mentor the team, monitor key metrics, and drive improvements in finance operations for client and insurer money movements.

Qualifications

• Previous experience within an IBA, insurance finance, broking finance or similar environment.
• Strong understanding of insurance money movements between clients and insurers.
• Experience supervising, mentoring or managing a finance or IBA team.
• Excellent communication and stakeholder relationship skills.

Responsibilities

• Oversee day-to-day operations of the IBA team, prioritising workloads and achieving service standards.
• Manage cash allocation, settlements, receipts and payments for accuracy and timeliness.
• Monitor outstanding cash, aged balances and reconciliation items for prompt resolution.
• Maintain strong controls around client and insurer money and support audits and compliance.
• Produce management information and report on IBA metrics and trends.

Skills

Insurance finance experience

Mentoring / managing team

Attention to detail

Stakeholder management

Bank reconciliations

Time management

Job description

At Specialist Risk Group (SRG), we specialise in delivering expert risk solutions for complex, high-stakes challenges across a range of sectors. From professional indemnity insurance to bespoke risk management services, our work demonstrates both precision and adaptability, reflecting our commitment to helping clients navigate even the most demanding scenarios.

Our dedication to excellence and innovative thinking underpins everything we do. Guided by our mantra, “Difficult. Done Well.”, we tackle challenges that others shy away from, delivering solutions that are both robust and forward-thinking.

Powered by a team of highly skilled specialists, we combine deep industry knowledge with strategic insight to turn complex problems into practical, actionable solutions. We work closely with our clients, understanding their ambitions and risks, to provide tailored strategies that support growth, resilience, and long-term success.

With a focus on collaboration, expertise, and precision, SRG shapes the way organisations manage risk—transforming complexity into opportunity and helping clients achieve outcomes they can rely on.

About the role

Reporting to the Head of IBA, you'll be responsible for overseeing the day-to-day activities of the Insurance Broking Accounts team, ensuring client and insurer money is processed accurately, reconciliations are completed on time and robust financial controls are maintained. You'll also provide guidance and support to the team while building strong relationships across the wider business.

What you’ll be doing

• Managing the daily operation of the IBA team, ensuring workloads are prioritised and service standards are achieved.
• Overseeing cash allocation, settlements, receipts and payments to ensure accuracy and timely processing.
• Monitoring outstanding cash, aged balances and reconciliation items, supporting prompt resolution of any issues.
• Maintaining strong controls around client and insurer money and supporting audit and compliance requirements.
• Producing management information and reporting on key IBA metrics and performance trends.

Who we’re looking for

We're looking for someone with strong insurance finance or IBA experience who enjoys working collaboratively, developing others and maintaining high standards of accuracy and control.

• Previous experience within an IBA, insurance finance, broking finance or similar environment.
• Strong understanding of insurance transactions and the movement of client and insurer money.
• Experience completing bank reconciliations, cash allocation and managing outstanding cash items.
• Experience supervising, mentoring or managing a finance or IBA team.
• Strong attention to detail with the ability to resolve financial discrepancies effectively.
• Excellent communication and stakeholder relationship skills.
• Ability to manage competing priorities and deliver against deadlines.

What you’ll get

When you join SRG, you’re stepping into more than just a role, you’re becoming part of a team that backs your ambitions and celebrates your success. We’ll give you the space, support, and opportunities to grow your skills, explore new challenges, and shape a career you’re proud of.

And because we believe great work should be rewarded, here’s what you can look forward to:

• From 25 days holiday plus an extra half-day off to celebrate your birthday month
• secure your future
• Private medical cover for peace of mind
• Life insurance, income protection and sick pay to support you when you need it
• Charity and volunteering days so you can give back to causes you care about

What to expect

At SRG, our colleagues are at the heart of everything we do. We pride ourselves on fostering an inclusive, respectful culture, one where people feel empowered, valued, and equipped for growth. We embrace new ideas, adapt to challenges, and celebrate shared success.

We’re committed to making our recruitment process and workplace accessible to everyone. If you have a disability or require any adjustments, whether during the hiring process or in your day-to-day role, we’ll work with you to ensure you have the support you need. Just let us know how we can help.