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IBA Manager
Ref. IBAManager

Position IBA Manager
Sector Insurance Accounts
Location City of London, City
Type Permanent
Salary £40K - £50K / Annum
Reference IBAManager
Summary Job Title: IBA Manager



Salary: £50,000



Location: City







About the Company:



An independent Lloyd's insurance and reinsurance broker that specialises in providing bespoke solutions to support their clients' success.







About the role:



Staff management



* Supervision of IBA team; Overall responsibility for ensuring all individual and departmental deadlines are met

* Motivating & mentoring staff

* Leading monthly departmental meetings including communicating new information / new procedures to the team



Reporting



* Chair monthly meetings with all divisions to discuss current position on unallocated cash, funding, payable credits, aged debt and doubtful brokerage

* FCA monthly, quarterly and annual reporting

* Month end reporting - including reporting of monthly income figures

* Preparing adhoc reports, analysis and commentary when requested by the Finance Director



IBA duties



* Manage expectations of clients / underwriters/ divisions/ senior personnel and banks

* Monitoring and improving the IBA function/processes & procedures to ensure that the credit control policies are maintained

* Coding maintenance ensuring due diligence completed for clients and underwriters and records maintained are up to date

* Authorising client and insurer payments

* Annual reporting for audit - managing auditor expectations by liaising with auditors and providing information to resolve any queries

* Assisting and guiding team members with reconciliations of complex ledger accounts

* Managing run-off of legacy broking system and project managing implementing new companies and divisions







Skills Required



* Ability to prioritise own and others workload to ensure that personal and corporate deadlines are achieved.

* Ability and willingness to develop and sustain relationships both internally and externally.

* Highly developed communication skills, both verbal and written

* Global XB knowledge and experience preferred, team management, thorough knowledge of IT applications and their interaction.

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