IBA Ledger Lead (Interim)
6 to 12 months | Day rate or FTC | Market rate | [Location / hybrid]
About the opportunity
My client is building a new IBA ledger and is looking for an experienced broker accounting specialist to lead the work. The business has no in-house experience of building a ledger, so this person will bring the expertise, guide the thinking and own the project from design through to delivery.
The client has been clear that this is an IBA and insurance transactions role, not a general ledger one. They want someone who has lived and breathed broking accounts and knows exactly how money moves through an insurance broker.
The role reports into senior finance leadership and works closely with the wider project team.
What you’ll be doing
Leading the design
- Running design workshops with finance, operations and the project team
- Owning the thought process on how the ledger should be structured and how it should work
- Challenging and supporting the team’s thinking, drawing on your own experience of what good looks like
Defining insurance transaction flows
- Mapping how premium moves through the IBA, from debit note to insurer settlement
- Defining how claims, return premiums, adjustments and refunds should be processed
- Setting out how brokerage and commission are recognised and transferred out of the IBA
- Defining cash allocation, matching and reconciliation processes
- Covering both insurance and reinsurance broking transactions
Client money and controls
- Making sure the ledger supports client money requirements under CASS 5
- Building in the right controls, reconciliations and audit trail from the start
Owning the project
- Turning broker accounting requirements into clear specifications the build team can work from
- Acting as the go to expert on IBA, client money and insurance transactions throughout the build
- Supporting testing to make sure the ledger works as designed
- Owning the project end to end over 6 to 12 months
What they’re looking for
Essential
- Strong, hands on IBA experience within insurance broking
- Deep knowledge of premium and claims flows, allocations, insurer settlements and brokerage
- Solid understanding of client money and CASS 5
- Insurance and reinsurance broking experience
- Experience of a ledger or broking system build, implementation or migration
- Confident leading workshops and explaining accounting clearly to non finance teams
- Comfortable working with a lot of ownership in a project environment
Desirable
- Experience with broking systems such as CDL Strata, Acturis or Open GI
- Involvement in testing, data migration or process mapping on a system project
- London market experience
Who this would suit
Someone who has run technical accounts, broking accounts or client money at a broker, and has been the finance expert on a system change. You’ll be just as comfortable explaining a settlement process in detail as you are leading a room through it.
Why it’s interesting
- A rare chance to build an IBA ledger from scratch
- Your expertise directly shapes the final product
- Real ownership and visibility with senior leadership
- Flexible on day rate or FTC