Head of IBA - City of London, Greater London, United Kingdom - Finitas

Description

Job Description

Head of IBA | Lloyd's Broker | Hybrid/London | £ ,000 (doe)

Finitas are delighted to be exclusively partnering with a growing Lloyd's brokerage company in their search for a Head of IB (Insurance Business Accounting) - this is a newly created role due to good company growth You will be managing a team of 10 people and ensuring that they are providing effective Fiduciary Accounting services to the business.

Some responsibilities include:

• Overall responsibility for all Fiduciary Accounting functions including but not limited to Client Money, Credit Risk, Funding, Allocation of Cash and Unforwarded Balances.
• Authorise client and underwriter payments.
• Assist and guide team members with reconciliations of complex ledger accounts.
• Monitor and improve processes & procedures to ensure credit control policies are maintained.
• Assist with ad-hoc projects as and when required.
• Evaluating and managing the performance of direct reports ensuring they have the correct training & development in place and are adhering to company policies and procedures.
• Producing regular MI on the ageing of unallocated cash, funding, payable credits, aged debt, doubtful brokerage and other key KPI's required by the Client Money or Credit Control Committees.
• Prepare FCA monthly, quarterly and annual reporting as and when required.

Experience required:

• Must be from an insurance background - ideally London market/Lloyd's broking.
• Minimum 7 years finance experience working in an IBA role.
• Previous management experience with the ability to lead, develop & people effectively.
• Ability to multi task and meet processing SLA's / project deadlines.
• Excellent communication, organisation and delegation skills.

Please note you will be required to work in their London office 2/3 days a week.

This is the perfect opportunity for an IBA Manager to take a step up into a Head of position. They are a brilliant company who promote succession & development and put their people first. They are also growing globally with lots of opportunities on the horizon, so it'll be a great time to join

So, if you believe you have the right experience, please submit your CV now Or alternatively, please get in touch on / r.basra @