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IBA Account Handler / Technician

The Recruiter Specialists Group Ltd
Posted a day ago, valid for 24 days
Location

Ipswich, Suffolk IP15BH, England

Salary

£25,000 - £30,000 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 is a key role within the Operations team, focusing on IBA responsibilities.
  • Candidates should have a strong understanding of the Lloyds Market and IBA reconciliation experience is essential.
  • The role requires at least 3 years of relevant experience and offers a competitive salary.
  • Responsibilities include managing IBA ledgers, ensuring timely collections, and assisting overseas offices with fund settlements.
  • The company promotes hybrid working and provides an excellent benefits package.

This is an opportunity to be an integral member of the team with exciting career opportunities.The company operates from offices in London, the U.S. and Asia Pacific and is leading the way in their business transformation.Main responsibility for this role is to fulfil all IBA responsibilities as part of the Operations team. This 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).Assist the team and IBA Manager 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.