MGA IBA Controller

Sector: Customer Service
Salary: £35,000 - £37,500
Location: London
Role: Full Time
Contract: Permanent
Job ref: 906751
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Just Recruitment are working in partnership with a specialist Insurance services organisation in order to fulfil several key vacancies within the business.

Due to continued growth, they have a new opening on their Intermediary Services IBA team for an MGA IBA Controller.

This is a credit control role where knowledge of Lloyd’s Insurance market and MGAs is essential. You will be physically managing money including allocations and transfers.

Purpose of role:

The purpose of this role is to work as part of a team managing premium flow on behalf of AUS clients (MGAs – Managing General Agents). The role additionally supports start up MGAs during the hosting phase.

Key Accountabilities:

  • Accurately controls broker ledgers for various MGAs in a timely manner, meeting any relevant SLAs
  • Produces Paid Bordereaux for Lloyds and non-Lloyds carriers in a timely and accurate manner
  • Accurately reconciles and allocates broker cash in a timely manner
  • Issues payments to underwriters/MGAs in a timely and accurate manner
  • Communicates clearly and concisely, answering and directing broker queries
  • Undertakes credit control activities in a timely and accurate manner
  • Ensures adherence to internal controls

Essential Qualifications / Desirable Experience:

  • Experience within the insurance market
  • Credit control experience
  • Technical knowledge of insurance policies
  • Understanding of slips, premium, bordereau
  • Knowledge of Intermediary systems

Specific Knowledge and Skills:

  • Ability to build relationships with external MGAs is essential, so good communication and rapport skills
  • Ability to reconcile complex accounts and have excellent attention to detail
  • Microsoft skills including intermediate to advanced level Excel and Word.
  • Flexibility to support other areas of the business with administrative and financial support
  • Knowledge of Intermediary systems

Generic Knowledge / Skills:

  • Technical knowledge of insurance policies
  • Understanding of slips, premium, bordereau


Contact Scott Cook to talk about this role on 01206 656077