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Insurance Broker Accounting- IBA

2 weeks ago

Noida, Uttar Pradesh, India QX Global Group Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Job Overview:

We are seeking an experienced IBA professional with strong UK insurance accounting expertise. The role involves managing cash applications, collections, insurer reconciliations, and preparing bordereaux and client money calculations. The ideal candidate will ensure accurate financial processing, compliance with regulatory standards, and timely delivery of broker-related financial operations.

Key Responsibilities

  • Debtor and Creditor Ageing
  • Bank reconciliation
  • System experience Acturis, WebSure, BrokerSure, LexisNexis
  • Knowledge of Broker vs Sub-Broker, Wholesale vs Retail Broker
  • Process and apply incoming cash receipts accurately across client and insurer accounts.
  • Manage collections and follow up on outstanding balances with insurers and clients.
  • Perform insurer statement reconciliations and resolve discrepancies.
  • Prepare and review bordereaux reports and calculate client money positions in line with UK regulations.
  • Ensure compliance with broker trust account rules and IBA accounting standards.
  • Support month-end close activities and maintain accurate financial records.
  • Collaborate with internal teams and external stakeholders to ensure smooth financial soperations.
  • Maintain process documentation and support internal/external audits.
  • Track and meet SLA/KPI targets consistently.

Must haves:

  • 2+ Year(s) of Strong knowledge of UK IBA accounting and broker operations.
  • Experience in cash applications, insurer reconciliations, collections and bordereaux preparation.
  • Familiarity with client money rules and insurer statement handling.
  • Proficient in Excel and financial systems; strong communication and problem-solving skills
  • Client Money Calculation experience is preferred.

Qualifications:

  • B.com/ M.com/ MBA

Work Model

  • Location: Noida
  • Model: WFO
  • Shift Timings: 12:30PM IST – 10:00 PM IST/1:30 PM IST – 11:00 PM IST