IBA Accountant

Hays Specialist Recruitment Limited
London, UK
13 Jul 2019
26 Jul 2019
Contract Type
Full Time
IBA Accountant- £40,000

Your new company
This renowned Lloyds of London insurance broker have recently opened a fast growing underwriting business (MGA) full of opportunity. As the company approach a year in business they are being led by a driven and ambitious leader with the aim of becoming a top underwriting business. The company are now looking to bring the finances in house and are looking for an IBA Accountant to come and join the team.

Your new role
This role will be solely responsible for looking after the IBA Accounts for the MGA, this is currently being managed by the overarching broker but due to growth it is now necessary to bring in a new pair of hands! Duties of the role will involve:
  • Reconcile and settle insurer bordereaux/statements when required
  • Escalate any potential problems to management level
  • Bank reconciliations
  • Manage claim accounts with 3rd parties
  • Support Finance team with queries, issues & workloads
  • Monitoring, investigating and reconciling Aged Debt

Weekly Tasks
  • Weekly credit control and insurer reconciliation update meetings with Commercial team
  • Catch-up meetings with Financial Controller and Underwriter team

Monthly Tasks
  • Complete bank reconciliations
  • Analyse the Trial Balance prior to month-end to remove incorrect account postings
  • Produce month-end reports including but not limited to Trial Balance, Brokerage Transacted and Earned, Aged Debt, and Unallocated Cash
  • Review and update the Finance Procedures Manual as and when required
  • Check Insurer Log to ensure all payments have been recorded and paid as required
  • Export monthly Bank transactions from on-line system

What you'll need to succeed
You will have a solid understanding of the IBA function and have experience producing month end reports for management. You will be an ambitious individual who is keen to help drive this business froward.

What you'll get in return
You will receive a competitive salary and excellent company benefits. This role is a great opportunity for a hungry IBA accountant who could potentially be looking at stepping into a Financial controller role for this growing company within the next few years!

What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.

Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at hays.co.uk

Similar jobs

Similar jobs