IBA Accounts Handler - Pavilion Recruitment Solutions : Job Details

I’m delighted to be assisting my client, a leading Lloyd’s of London Broker, with a vacancy in their IBA department. In this role, you will be a key member of the Finance department, primarily responsible for managing client and underwriter processes to ensure they run efficiently, with a focus on continuous improvement. Additionally, you will support various IBA activities, including cash posting and allocation, as well as resolving general queries. A strong background in IBA roles within the London insurance market is essential, along with a solid understanding of core processes - particularly the key payment types received and issued by an insurance broker.

Responsibilities

• Sending out monthly statements to clients/underwriters
• Resolve queries received from clients/underwriter
• Payments set up
• Cash posting and control of the cash book
• Client/underwriters payment reconciliation, allocation and matching
• Resolve aged cash breaks
• Recover outstanding cash payments
• Liaise with Technical Team to ensure processing queries are resolved
• Liaise with Claims Team to review and manage claims’ payment

Knowledge and Skills

• 3 years experience working in an IBA role
• Lloyd’s of London experience is advantageous