Fast-growing Insurance Broking business is looking to appoint a Head of IBA to take on a mostly oversight based role that will also incorporate client money (CASS). With a refreshingly forward-thinking business model, huge investment in technology and entrepreneurial culture, this is a high-profile organisation and chance for an experienced IBA professional to join a market leading team.
The Head of IBA will be accountable for credit control of the IBA balances - validating bank details, managing the collection and payment of insurance balances and therefore removing the direct responsibility from the brokers in order to create a segregation of duty. Currently all IBA and client money related work is outsourced, with this role focused on the management and oversight of that relationship. Your role will also be to provide accurate MI on the ageing of debtor balance, unallocated cash, time to issue debit note and other key MI. Lastly the role will cover all client money responsibilities in terms of CASS reporting, acting as the main point of contact for finance and operations.
In terms of your background we're keen to hear from people with exceptional London markets knowledge (10 years plus or equivalent), preferably with experience of having worked within a range of Brokers or MGAs. Ideally you will have also gained some exposure and working knowledge of FCA client money rules (CASS5). You'll be highly proficient and experienced in analysing large amounts of data with advanced excel skills preferred. Given the central nature of the role, strong communication skills are key as this position will involve regular meetings with and presentations to stakeholders across the business, as well as externally; therefore the ability to talk through complex IBA issues clearly and succinctly is crucial.
Eames Consulting is acting as an Employment Agency in relation to this vacancy.