A London market MGA is recruiting for an IBA Technician to join its Underwriting Management Team.
The successful applicant will be expected to allocate receipts and payments posted, support the Accounting team’s month end close process by preparing IBA journals, lead credit control efforts for the divisions working with MDs and UW teams to maximise cash flow, prepare and despatch statements of accounts, collaborate with Underwriting Operations teams to ensure alignment within the organisation on reportable numbers, credit control, and market payments due, etc., reconcile bank reconciliations daily and resolving any resulting queries, produce and submit payment bordereaux, claims fund reconciliations and payments resolving technical questions arising, perform client money reconciliations to draw down commission, ensure compliance with FCA and CASS rules at all times including the implementation / improvement of controls surrounding the IBA processes, especially bank account controls, perform analysis on commission collections to support CFO and FC on projecting cash, and identify areas for improvement within the IBA team and form plans for solutions.
Suitable applicants will need to have at least 2+ years of IBA experience, with strong Excel skills (e.g. pivot tables, VLOOKUP’s etc.) a solid understanding of the London insurance market and the ability to communicate at all levels throughout an organisation.
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