IBA Accounts Clerk

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IBA Accounts Clerk

Finance & Accountancy

London

£50,000

Reference: HH/RF-14207

Are you ready to play a vital role in ensuring accuracy, compliance, and efficiency in IBA accounting? If you have a keen eye for detail and a passion for supporting financial operations, this is your chance to grow within a dynamic team that values expertise and dedication.

Overview

A Lloyd’s broker is looking for an experienced IBA Accounts professional to strengthen their Middle Office team. In this role, you’ll help maintain the integrity of our financial processes, support regulatory compliance, and contribute to the smooth running of the accounts function. This position offers an excellent opportunity for someone with 2–5 years’ experience in IBA accounts to broaden their skills and impact.

What You’ll Do

• Process and allocate receipts, investigating and resolving related queries to ensure accuracy
• Prepare non-bureau payments, including claims, and input them into banking platforms
• Complete bank reconciliations to maintain precise financial records
• Handle bureau allocations and resolve associated queries efficiently
• Release de-linked transactions to the Bureau (initially for non-binder business)
• Monitor and update weekly ROEs (Reconciliation of Entries)
• Keep IBA policies and procedures current and aligned with best practices
• Support ongoing compliance and regulatory standards within the IBA framework

Must-Have Skills and Experience

• 2–5 years’ experience within an IBA accounts department
• Basic understanding of bureau and non-bureau processes
• Experience with bank reconciliations and payment processing
• Working knowledge of IBA accounting systems
• Familiarity with Insurance, reinsurance, Bordereaux, and open market business
• Detail-oriented with a focus on controls and compliance
• Effective communication skills with internal teams and external stakeholders

This role provides a fantastic platform to develop your expertise in IBA accounting, work with a supportive team, and contribute to the success of our organization.

Read more...

About Us

As true market specialists we work in partnership with our candidates and clients, delivering unrivalled market knowledge and insight. Driven by our passion to become the partner of choice we offer tailored advice and guidance...

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Find Us

Harrison Holgate
34 Lime Street
London
EC3M 7AT

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