- 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.
- 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.
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Head of IBA - City of London, Greater London, United Kingdom - Finitas
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:
Experience required:
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 @