IBA Accounts Assistant

City of London
28 Aug 2020
27 Sep 2020
Frank Hubbard
Contract Type

A PE backed MGA are currently looking for a IBA Accounts Assistant to join their rapidly growing finance team

The main responsibilities for this IBA Accounts Assistant position will include:

  • Monitoring of the aged debt, rendering statements, payments and insurer allocations
  • Daily cash posting and bank reconciliation process. AUD, CAD, GBP, EUR, USD and other currency accounts. To include both IBA and corporate accounts
  • Arranging payments of supplier invoices within terms of trade and ensure funds are paid from the correct group accounts
  • Producing the premium payment bdx and arranging the respective payments within the terms of the binder
  • To monitor and work to allocate cash by raising queries with underwriting teams in order to keep unallocated cash to a minimum
  • Processing and coding of supplier invoices, ensuring the correct approval process is followed.
  • Any ad-hoc projects as they arise.

The successful candidate for the IBA Accounts Assistant position will be someone with previous IBA experience as well as cash management/allocation experience at an insurance business. Ideally the candidate will also have experience using Global XB insurance platform and have ability to read a slip and extract premium calculations.

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