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Head of IBA

Head of IBA

  • Location

    City of London

  • Sector:

    Finance, Accounting & Audit

  • Job type:

    Permanent

  • Salary:

    £100000.00 - £120000.00 per annum

  • Contact:

    Raj Basra

  • Contact email:

    r.basra@finitas.co.uk

  • Job ref:

    BBBH149394_1730905109

  • Published:

    about 12 hours ago

  • Consultant:

    Raj Basra

Head of IBA | Lloyd's Broker | Hybrid/London | £1XX,000 (doe)

Finitas are delighted to be exclusively partnering with a growing Lloyd's brokerage company in their search for a Head of IBA (Insurance Business Accounting) - this is a newly created role due to good company growth! You will be managing a team of 15 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.
  • Strategic oversight and improving functions structure, processes & procedures as required.
  • 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 10 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 days a week.

You will be working closely with senior management in driving the IBA function forward whilst working across their global jurisdictions, so you will have plenty of influence on the role.

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 02038079714 / r.basra @ finitas.co.uk