Job Description

General information

Reference

004049

Vacancy location

Location

United Kingdom, Brighton, Brighton

Work Place

In Office

Region

UK

Vacancy details

Job Profile

Lockton - Experienced Professional

Title

IBA Associate

Description

An exciting opportunity has arisen for an analytical individual to join our Insurance Broker Accounts (IBA) team who work closely with Lockton’s clients and insurance underwriters to carry out the reconciliation and management of client money.

Key responsibilities of the role include:

Daily prioritisation and escalation of pending or suspected NOC activity liaising with all key stakeholders to ensure timely resolution. Review and diary management of mismatches and escalation of differences to the business to ensure timely resolution.

Delivering exceptional client service (external and internal) by acting as a liaison for insurance underwriters – constantly work to improve and strengthen relationships and review processes to mutual benefit including instigating key insurer partnership meetings.

Responsibility for the reconciliation of accounts by working with insurance underwriters, internal Lockton divisions and IBA stakeholders to ensure funds are settled.

Complying with internal procedures and external regulatory requirements and escalate issues to senior management.

Working with the Lockton offshore accounts team on insurer processes NOC, PPW and premium query management.

This is an excellent role for someone with an interest in finance and a keen eye for detail to join a dynamic and growing business.

Based in our Brighton office, you will benefit from the support of a longstanding professional team during this next stage in your career and professional development.

Please note this role is full time in the office.

Candidate Profile

The successful candidate will demonstrate a high degree of accuracy and initiative and will be an excellent communicator who builds positive and successful relationships with stakeholders.

You should have:

• A good understanding of the general and legal principles applicable to insurance in particular FSA client money rules
• A working knowledge of the computer desktop software provided by Lockton including Microsoft Office suite, Excel, Power BI, Sector and A4B
• Good numerical ability and an analytical mindset
• Be adaptable and change orientated
• Adopt right first-time approach
• Work well as part of a team in support of other team colleagues
• The ability to achieve individual and team objectives
• You should also have the ability to communicate effectively and professionally both verbally and in writing to maintain positive and successful business relationships with Lockton colleagues, our clients, insurers, and other third-party providers representing Lockton in the highest professional manner
• The ability to compile, analyse and interpret financial information and data to facilitate decision making, with excellent attention to detail.
• An understanding of cash collection/payment processes is desirable (such as general insurance accounting and client invoicing).

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.