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Head of IBA

Head of IBA

  • Location

    City of London

  • Sector:

    Finance, Accounting & Audit

  • Job type:


  • Salary:

    £85000.00 - £100000.00 per annum

  • Contact:

    Raj Basra

  • Contact email:

  • Job ref:


  • Published:

    about 1 month ago

  • Consultant:

    Raj Basra

Head of IBA | Lloyd's Broker | Hybrid/London | £85 - 100,000 (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:

  • 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.

Experience 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.

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 02038079714 / r.basra @