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.