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Reinsurance Accounts Technician IBA

Employer
MW Appointments
Location
Little London, UK
Salary
Competitive
Closing date
16 Jan 2021

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Sector
Accountancy
Contract Type
Permanent
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Job Details

IBA Accounts Technician - Reinsurance to £40,000
We are now looking to recruit an IBA Technician to join our team.

This is an exciting and diverse dual purpose role that incorporates both a IBA Reconciliations Technician function, involving reconciling bureau signings with relevant transactions and releasing/collecting funds from bureau markets, and also as an Analyst working with the business to propose new ideas and efficiencies to help optimise the IBA bureau process.

Key Tasks & Responsibilities:

• Carry out general IBA functionalities ensuring payments are settled promptly

• Reconciliation of transactions and bureau signings

• Ensuring the release of collected/due funds

• Prepare, monitor and chase auto and manual statements

• Monitor reports around the impact and potential solutions that prevent financial impact

• Propose and assist in the development of electronic methods and system enhancements

• Work with the business to improve processes and practices

• Provide training to the business to improve performance

• Attend regular review meetings with the business

• Comply with internal procedures and external regulatory requirements and escalate issues to management.

• Provide cover to other team members and ad hoc duties when requested by management.

• Effective and speedy Market accounting payment cycles and resulting cash flow

• Ensure payments to and from clients are managed effectively, on time and accurately

• Maintain effective working relationships with all Associates to ensure the best possible environment for client service.

• Monitoring and resolution to issues and queries is essential.

• Ensure proficiency with all IT systems, specifically Open TWINS as the core servicing platform

• Build partnership service relationships with defined clients, business units and regions

• Develop team knowledge of all aspects of the current and future deliverables

• Define, and implement clear instructions, controls and procedures.

Candidate Profile

• A good understanding of the general and legal principles applicable to insurance in particular FSA client money rules.

• An understanding of the workings of the London bureaux

• Ability to compile, analyse and interpret information and data to facilitate decision making

• Analytical and problem-solving skills, including research and investigation

• Keenness to understand problems, and able to propose appropriate solutions that add value to the process

• Able to use knowledge tools and the knowledge and skills of those around them to develop understanding

• Ability to build and maintain good business relationships with the business, insurers and associates.

• Ability to communicate effectively and professionally both verbally and in writing with stakeholders

• Ability to manage time, prioritise and ensure that deadlines are met without compromising quality.

• Effective delegation as appropriate.

• Excellent presentation skills in both preparation and execution.

• Shows a flexible approach to change.

• Ability to achieve set individual and team goals and objectives.

• Adopts right first time approach.

• Professional and tactful negotiation and persuasion skills to achieve objectives.

• Work in support of other team colleagues.
Ref 7843

MW Appointments is acting as an Employment Agency in relation to this vacancy.
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