Job Description

IBA Analyst - FTC (12 months)

Type of Role: Hybrid (3 days office and 2 from home)

Report to: Group Financial Controller

Description

The IBA Analyst is responsible for ensuring the accuracy and integrity of the company's insurance broking accounts. This role involves managing all aspects of IBA cash allocation, reconciliations, and reporting, while supporting the finance function through effective communication, analysis, and process improvement. The ideal candidate will have strong attention to detail, excellent analytical skills, and a proactive approach to problem-solving in a fast-paced financial environment.


Main Responsibilities

Match all cash received as soon as possible. Carry out the premium / paid bordereau process each month and post income to accounting system. Carry out IBA debtors / creditors reconciliations. Complete all processes accurately and on time. Maintain accounting ledgers in an up-to-date and accurate manner. Produce accurate and timely management information (regular and ad hoc). Liaise regularly with other departments to resolve outstanding queries, particularly reporting related issues. Carry out bank reconciliations of insurer and company cash. Maintain accurate, comprehensive, and accessible records. Monitor payments to insurers. Assist the Financial Controller with ad hoc tasks, duties, and projects.

Knowledge Required

Strong knowledge of FCA rules and guidelines relating to commercial and private customers. Good knowledge of general insurance and underlying legal principles. Familiarity with banking methods and accounting principles. Minimum 2 years' experience in the insurance sector.

Skills Required

Ability to develop and maintain strong working relationships with internal and external clients. Strong team player with the ability to work collaboratively. Confident and effective telephone communication skills. Ability to work under pressure and meet deadlines. Strong written communication skills tailored to business needs. Excellent organizational and prioritization skills. High level of accuracy and attention to detail in data input. Proficient in MS Word, Excel, and Outlook.

What We Offer

25 days holiday per year (increasing with length of service) Your birthday off (paid) Full study support package (tuition, exam fees, study leave). 4 x salary life assurance Company pension Healthcare including 24/7 GP advise & mental health helpline Discounts at hundreds of brands you know and love Employee assistance programme Discretionary lunch provided to assist with cost of living

Company Overview

Tedaisy Insurance Group, a leading UK InsureTech, consisting of Tedaisy Underwriting Limited, Tedaisy Insurance Brokers Limited, Tedaisy Claims Limited and Tedaisy Technologies Limited, provides a full suite of online insurance solutions for pet and travel markets. Together, we bring value to every element of the insurance chain. We use data and automation to deliver market leading products with a superior customer experience, whilst maintaining competitive and fair pricing.