IBA Manager

City of London
£40000 - £50000 per annum
09 Oct 2019
08 Nov 2019
MW Appointments
Job Roles
Accounts Assistant
Contract Type
Full Time

Job Title: IBA Manager

Salary: £50,000

Location: City

About the Company:

An independent Lloyd's insurance and reinsurance broker that specialises in providing bespoke solutions to support their clients' success.

About the role:

Staff management
  • Supervision of IBA team; Overall responsibility for ensuring all individual and departmental deadlines are met
  • Motivating & mentoring staff
  • Leading monthly departmental meetings including communicating new information / new procedures to the team

  • Chair monthly meetings with all divisions to discuss current position on unallocated cash, funding, payable credits, aged debt and doubtful brokerage
  • FCA monthly, quarterly and annual reporting
  • Month end reporting - including reporting of monthly income figures
  • Preparing adhoc reports, analysis and commentary when requested by the Finance Director

IBA duties
  • Manage expectations of clients / underwriters/ divisions/ senior personnel and banks
  • Monitoring and improving the IBA function/processes & procedures to ensure that the credit control policies are maintained
  • Coding maintenance ensuring due diligence completed for clients and underwriters and records maintained are up to date
  • Authorising client and insurer payments
  • Annual reporting for audit - managing auditor expectations by liaising with auditors and providing information to resolve any queries
  • Assisting and guiding team members with reconciliations of complex ledger accounts
  • Managing run-off of legacy broking system and project managing implementing new companies and divisions

Skills Required
  • Ability to prioritise own and others workload to ensure that personal and corporate deadlines are achieved.
  • Ability and willingness to develop and sustain relationships both internally and externally.
  • Highly developed communication skills, both verbal and written
  • Global XB knowledge and experience preferred, team management, thorough knowledge of IT applications and their interaction.

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

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