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IBA Account Manager

The Recruiter Specialists Group Ltd
Posted 2 days ago, valid for 17 days
Location

Chelmsford, Essex CM3 4SX, England

Salary

£45,000 - £54,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • This position involves the maintenance and management of IBA ledgers for both Client and Underwriting, ensuring timely collection and settlement of funds.
  • Candidates should have a minimum of 3 years of experience in IBA reconciliation and a strong understanding of the Lloyds Market.
  • The role requires clear communication skills and the ability to liaise with overseas offices to manage fund collections and settlements.
  • An excellent salary and benefits package is offered, along with a hybrid working arrangement.
  • Interested applicants are encouraged to submit their CVs or contact The Recruiter Specialists Group for consideration.

This is an opportunity and to be an integral part of this pivotal position within the businessWith offices in the UK and GloballyThis includes maintenance and day to day handling of the IBA ledgers, both Client & Underwriting. Ensure timely collection / settlement to and from customers and supporting markets of the Overseas offices.Assist Overseas offices in the collection and settlement of funds to/from clientsEnsure settlement and collection of funds from/to syndicate.Responsibility for claim settlements paid to brokers and the reconciliation of syndicate fundsResponsibility for the accurate modification of reference data within the accounting system Enterprise Accounts (EA).To ensure month end processes are run as planned reviewing data accuracy and report generation.To liaise with the associated affiliated office to ensure their records are updated to reflect any amendments as requiredTo ensure the accurate modification of processed data by the technical team is completed as required.Clear and concise communication is vital.Good knowledge of Insurance in the Lloyds Market.IBA reconciliation experience essentialUnderstanding of Slips, associated Endorsements and Closings.Understanding of premium calculation from broker documentation.

Offering hybrid working, excellent salary and benefits package.

Please submit your CV for consideration if you feel that you have the relevant experience and skills.

Or contact The Recruiter Specialists Group who are acting as a Recruitment Agency for this Client and Position.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.