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IBA Accounts Executive - Treaty
Ref. JO0000007125

Position IBA Accounts Executive - Treaty
Sector Financial & Management Accounts
Location City of London, City
Type Permanent
Salary £35K - £45K / Annum
Reference JO0000007125
Summary IBA Accounts Executive - Treaty

City of London

Salary to £45,000



About the Role:

Responsible for administering and servicing client and underwriter accounts (proportional) in accordance with the Best Practice Manual and IBA procedures.



Key Accountabilities/Core Competence Indicators:



* Liaise with the Treaty Department and Monitor movement of proportional account balances

* Prepares and issues general statements

* Timely preparation and rendering of all statements which fall within a portfolio of accounts

* Posts and allocate receipts against appropriate ledgers.

* Accurate allocation of cash receipts and payments against transactions ASAP

* Raises and settles balances to clients, underwriters and 3rd parties as per special payments instructions from technical divisions

* Reconciles cash with entries and queries unallocated receipts when necessary. Refers all queries from clients, underwriters, bureau and technical divisions

* Raises, chases and records queries to Technical Divisions for receipts that cannot be allocated and escalates any problems to IBA management team.

* Response and resolution of queries from clients, underwriters or technical divisions is prompt

* Follows up of unpaid debtors and escalates unpaid debts to IBA management team/technical divisions, as necessary. Record all correspondence and diary follow-ups

* Monitor/Investigate aged transactions and identifies reasons for non-clearance.



Desirable Experience:



* Experience with a Broker, Underwriter or bureaux in an IBA role

* Dealing with Reinsurance business.

* Multi-currency accounting

* Basic technical insurance principles

* Detailed IBA and bureau processes

* Analysis and interpretation of management information

* Bureau accounting

* Accuracy and thoroughness

MW Appointments is acting as an Employment Agency in relation to this vacancy.
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