Lockton

Head of IBA

Lockton  •  London, GB (Hybrid)  •  4 months ago
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Job Description


General information


Reference


003954

Vacancy location


Location

United Kingdom, London, London


Work Place

Hybrid


Secondary Location

Brighton


Region

UK

Vacancy details


Job Profile

Lockton - Experienced Professional


Title

Head of IBA


Description

As Head of IBA you will be responsible for overseeing all accounting activities related to insurance brokerage operations, including premium accounting, insurer settlements, client collections, commission reconciliation, trust accounts, and regulatory compliance. The role ensures accuracy, timeliness, and integrity of financial records while maintaining strong controls over client and insurer funds.

Key responsibilities include

  • Insurance Broker Accounting & Controls
  • Premium & Commission Management
  • Reconciliations and Reporting
  • Compliance & Regulatory Oversight
  • Systems & Process Improvement
  • Leadership & Stakeholder Management
  • Offshoring
  • Support of New Products
  • Setting IBA Strategy


Candidate Profile

We welcome applicants with the following skills and experience:

• Bachelor’s degree in Accounting, Finance, or related field (Master’s or CPA/ACCA preferred)
• Extensive experience in IBA or insurance finance
• Strong understanding of insurance products, premiums, commissions, and trust accounting
• Proven experience dealing with regulators, insurers, and auditors

• Deep knowledge of IBA practices
• Strong leadership and people management skills
• High attention to detail and strong analytical abilities
• Excellent communication and stakeholder management skills
• Proficiency in accounting systems and insurance broker management systems


About The Position

Lockton is the world's largest privately held independent insurance brokerage. Since 1966, our private ownership has allowed us to serve our clients, nurture our people, and give back to our communities in ways other companies simply can't. We're passionate about helping you achieve your ultimate potential. If you believe in providing excellent client service, supporting community initiatives, and being part of our caring culture, then you belong here.

Lockton

About Lockton

What makes Lockton stand apart is also what makes us better: independence. Our private ownership empowers our 13,100+ Associates doing business in over 140+ countries to focus solely on clients' risk and insurance needs. With expertise that reaches around the globe, we deliver the deep understanding needed to accomplish remarkable results.

Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
Global
Year Founded
1966
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