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IBA Accounts Lead

Job Posted: a day ago

Salary: £ 63,000 - 65,000 / Annum
Job Type: Permanent
Location: Borehamwood, Hertfordshire

Expire in: a month

Job Description

Are you an experienced Insurance Broking Accounting (IBA) professional ready to take the next step in your career? We're looking for a confident, solutions-focused Accounts Lead to oversee our clients IBA function, drive continuous improvement across their broking systems, and lead a high-performing team.

This is a pivotal role within a business based in Borehamwood, ensuring the smooth running of daily accounting operations, maintaining robust financial controls, and supporting the company's growth with accurate, insightful reporting.

What you'll be doing

Oversee all elements of Insurance Broking Accounting (IBA), including:
Daily and monthly bank reconciliations across statutory, non-statutory, and risk transfer accounts
Processing of premiums, claims, commissions, return premiums, and fees
Bordereaux reporting and reconciliation
Maintaining accurate insurer and client ledger balances
Monitoring cash collection, settlements, and credit control
Ensure full compliance with CASS rules and all Client Money regulations
Manage risk transfer arrangements and non-statutory trust accounts
Maintain strong financial controls to minimise risk and ensure regulatory compliance
Lead improvements and enhancements across multiple broking platforms
Define and validate finance-related technical specifications
Oversee User Acceptance Testing (UAT) and ensure successful system implementation
Review and streamline processes for greater efficiency, accuracy, and control
Line manage, coach, and develop the IBA team
Provide regular feedback, guidance, and performance support
Build a motivated, accountable, high-performing team culture
Manage recruitment, onboarding, training, and performance cycles in line with HFIS procedures
Act as a primary contact for insurers, auditors, regulators, and internal teams
Partner with senior management to provide timely and accurate financial reporting
Work closely with IT, operations, and compliance to align processes and objectivesOut client is looking for a candidate who has significant experience in Insurance Broking Accounting (IBA). This is essential to this role.

The successful candidate will have:

Strong working knowledge of CASS
Experience with multiple broking systems
Demonstrated success in driving IT/system improvements
Excellent leadership and people-management skills
Strong communication skills and the ability to influence at all levels
Highly organised, analytical, and calm under pressure
Professional accounting qualification (ACCA, CIMA, ACA) or QBE
Familiarity with FCA regulation and reporting 

This role will require full attendance in the office for initial 6 months with some scope of home working at a later date. You therefore must be able to commute to Borehamwood.

Think Accountancy and Finance is the finance division of Think Specialist Recruitment, an independent recruitment agency based in Hemel Hempstead and working across the Herts, Beds and Bucks area. We specialise in permanent, temporary and contract recruitment with areas of expertise including: Accounts Payable, Accounts Receivable, Payroll, Finance Admin, Part Qualified Finance, Credit Control and Bookkeepers

Before You Apply

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Bank details.
National Insurance number.
Date of birth.

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Looking for your next career move? Join a top company hiring IBA Accounts Lead job near me in Borehamwood, Hertfordshire! This is your chance to work on exciting projects, grow professionally, and enjoy a rewarding career with competitive pay and excellent benefits. Whether you're an experienced professional or looking to take the next step, this role offers the perfect opportunity to enhance your skills and make an impact. Don’t miss out—apply today via Vita CV and take your career to the next level!