Full-Time IBA Accounts Technician
Job Description
ABOUT YOU
As IBA accounts technician your overall role is to work with the operations and finance teams to manage credit control and to build relationships with brokers and underwriters to facilitate IBA processes.
WHAT YOU ARE HERE TO DO
Your key responsibilities are:
- Bank reconciliations
- Premium reconciliations
- Collection files processing
- Premium returns
- Handling multi-currency accounts
- Preparing and issuing invoices/statements
- Processing broker commissions
- Transferring commission to office account in a timely manner
- Collecting premiums and claims to ensure that uncollected premium and/or outstanding debt is in line with agreed company procedures
- Maintaining accurate and up-to-date records
- Internal reporting
- Month-end reporting
- Handling and resolving all IBA accounting queries
- Overseeing the aged debt process and reporting across all schemes
- Managing credit control
- Other ad hoc duties, as required
WHAT YOU NEED TO KNOW (transferable skills will be considered)
- Experience of working in an IBA role
- Advanced Excel skills
- Working knowledge of FCA CASS 5 client money rules and legal principles applicable to insurance
- Experience of high volume reconciliations
- Accuracy and attention to detail
- Ability to meet deadlines
- Disciplined, organised and methodical approach
- Excellent communication skills for development of good working relationships internally and externally (namely brokers and underwriters)
OUR STORY
Focused on getting insurance businesses to market – and fast – OneAdvent brings its sector expertise and technical know-how to bear for forward-thinking insurance businesses around the world. Operating as an MGA and broker services platform, as well as a Lloyd’s broker and coverholder, we collaborate with established industry players and entrepreneurial start-ups alike, and help our clients turn innovative ideas into genuine success stories.
We’re committed to challenging the status quo in a traditional, highly-regulated environment. With continued investment in our business and an empowering, hands-off approach, we’re ready to take advantage of the changing face of insurance. Bringing agility, flexibility and creativity to the market, OneAdvent is the industry’s innovation accelerator. https://advent.global/
How to Apply
Please email Sophie Farrow, Head of Marketing and People, at OneAdvent - sophie.farrow@advent.global61 total views, 0 today