IBA Accountant

Job Description

IBA Accountant - Insurance - City of London

Your new company
You’ll be joining a leading insurance group operating across the Lloyd’s and London Market, known for its strong technical expertise and commitment to service excellence. The business works with brokers, carriers, and clients across multiple lines, giving you exposure to a fast-paced, regulated environment at the heart of global specialty insurance.The company prides itself on an inclusive, collaborative culture that empowers its people, encourages development, and supports flexible working across its London operations.

Your new role
As an IBA Accountant within a specialist Lloyd’s market insurance business, you’ll manage a portfolio of client and insurer accounts across several business units. You’ll play a key role in maintaining accurate and compliant IBA processes, supporting the smooth flow of premium and claims funds across the end-to-end insurance cycle.
Your responsibilities will include:

• Collecting outstanding premiums and settling claims/return premiums within agreed terms
• Allocating and matching cash quickly and accurately
• Maintaining accurate ledgers aligned with Lloyd’s and FCA requirements
• Producing regular and ad-hoc MI to support account performance
• Liaising with brokers, underwriters, and internal teams to resolve cash and ledger queries
• Chasing and clearing items under query with insurers and Lloyd’s market partners
• Preparing statements of account and overseeing client money payments
• Escalating potential bad debts promptly
• Ensuring compliance with FCA CASS 5 and internal controls
• Supporting ad hoc finance projects and continuous improvement initiatives

What you'll need to succeed

• Previous experience in IBA accounting within an insurance environment (essential)
• Exposure to the Lloyd’s / London Market is highly advantageous.
• Strong MS Office skills (Excel, Outlook, Word)
• Acturis experience beneficial
• Excellent communication skills and stakeholder management capability
• High levels of accuracy, organisation, and attention to detail
• A proactive, resilient, and solutions-focused approach

What you'll get in return

• Competitive salary
• Employer pension contribution
• Life Assurance & Group Income Protection
• Private Medical Insurance
• Generous holiday entitlement
• Wellbeing programmes and lifestyle discounts
• Study support and apprenticeship opportunities
• A supportive, diverse team culture with regular social activities and professional development

What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.
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