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IBA Accounts Technician

  • Location:

    City of London, London

  • Sector:

    Insurance

  • Job type:

    Permanent

  • Salary:

    Up to £35000 per annum

  • Contact:

    Fenchurch Street Branch

  • Contact email:

    [email protected]

  • Job ref:

    FENMTLC_1649863397

  • Published:

    about 1 month ago

  • Expiry date:

    13/04/2022

  • Startdate:

    ASAP

Job Description

Our Client, a City broker is looking to expand their team of IBA Accounts Technicians. This will be a remote role WFH with the reporting base in the London Office.

You should have experience in a similar role within the Insurance broking market .

The purpose of this role is to:

To provide efficient, high quality accounting support to internal and external customers
To ensure day to day compliance with the systems and controls and to ensure compliance with FCA Rules CASS 5.4
To ensure compliance with FCA rules on Financial Crime prevention


Main Responsibilities:

Ensure all debts are collected as soon as possible and all liabilities are settled within agreed credit terms
Ensure all cash received is matched as soon as possible
Ensure that all processes are being completed on a timely and accurate basis
Ensure accounting ledgers are maintained in an up to date and accurate manner.
To produce accurate and timely management information on both a regular and ad hoc basis
Regular liaison with other departments regarding outstanding queries, particularly cash queries
Ensure that all outstanding cash under query with the clients/underwriters is chased on a monthly basis
Prepare and dispatch statements of accounts in accordance with account holders' requirements and/or when requested by divisions
Maintain accurate, comprehensive and up to date records, accessible to all parties that require them
Monitor client money payments to intermediary placing brokers
Notify appropriate individuals of potential bad debts at earliest possible stage and enlist assistance where appropriate
Undertake other duties and ad hoc tasks and project

If you have the relevant experience we need please apply today

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