Reinsurance Accounting Technician to £45,000
- permanent contract
- Home / City of London office agile working


An opportunity to join a leading global insurance & reinsurance broking business.

This is a dual purpose role that incorporates both an IBA Reconciliation Technician function, involving reconciling of bureau signings with relevant transactions and releasing /collecting funds from bureau markets, and also as an Analyst working with the business to propose new ideas and efficiencies to help optimise the IBA bureau process.

*Carry out general IBA functionalities ensuring payments are settled promptly
*Understanding of the Treasury function
*Reconciliation of transactions and bureau signings
*Ensuring the release of collected/due funds
*Prepare, monitor and chase auto and manual statements
*Monitor reports around the impact and potential solutions that prevent financial impact
*Propose and assist in the development of electronic methods and system enhancements
*Work with the business to improve processes and practices
*Provide training to the business to improve performance
*Attend regular review meetings with the business
*Effective and speedy Market accounting payment cycles and resulting cash flow
*Ensure payments to and from clients are managed effectively, on time and accurately
*Maintain effective working relationships with all Associates to ensure the best possible environment for client service.

Candidate Profile

*A good understanding of the general and legal principles applicable to insurance in particular FSA client money rules.
*An understanding of the workings of the Xchanging bureaux functions.
*Experience of IBA reconcilliations and payments.
*Ability to compile, analyse and interpret information and data to facilitate decision making
*Analytical and problem-solving skills, including research and investigation
*Keenness to understand problems, and able to propose appropriate solutions that add value to the process
*Ability to manage time, prioritise and ensure that deadlines are met without compromising quality.

Ref - 8077

MW Appointments is acting as an Employment Agency in relation to this vacancy.