Associate Partner – IBA & Credit Control

This is a fully remote position, open to applicants in United Kingdom.

📋 Description

• Manage the comprehensive, hands-on administration of Insurance Broking Accounts (IBA).

• Facilitate communication between Finance, broking, and Client Solutions to ensure the efficient handling of financial transactions.

• Oversee and regulate collections, ensuring the timely receipt of funds from clients and brokers.

• Ensure the quick settlement of outstanding balances.

• Accurately allocate incoming cash across various accounts and transactions.

• Conduct regular account reconciliations and address any discrepancies.

• Lead credit control initiatives and manage aged debt effectively.

• Enhance cash collection performance.

• Address accounting inquiries with brokers, finance teams, and external parties.

• Monitor cash flow across broking accounts, identifying potential risks or delays.

• Ensure adherence to FCA CASS regulations, internal controls, and applicable company policies.

• Generate management reports and information on aged debt, cash allocation, reconciliations, and outstanding balances.

• Foster process enhancements and drive operational efficiencies.

⛳️ Requirements

• At least 8 years of practical, operational experience in Insurance Broking Accounts (IBA).

• Strong background in the reinsurance broking sector.

• Excellent knowledge of premium accounting, cash allocation, and reconciliations.

• Demonstrated experience in credit control and debt management.

• In-depth understanding of broking accounting processes and financial controls.

• Ability to collaborate effectively between Finance and Operations teams.

• Exceptional analytical and problem-solving capabilities.

• Keen attention to detail with a high degree of accuracy.

• Strong communication and stakeholder management skills.

• Proficient in Microsoft Excel and financial software.

🏝️ Benefits

• Competitive compensation package, including a base salary.

• Performance-related bonuses.

• Equity participation; all employees are offered equity.

• Work-from-anywhere flexibility.

• Adaptable work arrangements for globally distributed colleagues and clients.

• Opportunity to engage in a multi-disciplinary environment.

• Flat organizational hierarchy.

• Encouragement of ownership and accountability.

• Employee benefits aimed at supporting employees and their families.

• Commitment to an inclusive environment and equal opportunity employment.

• Professional guidance from skilled and talented colleagues.