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.