Account Assistant

Accounts Assistant – Insurance Broking Accounts (IBA) Company: CSInsurance Brokers Ltd Location: London, EC3A Department: Finance / IBA Reporting to: IBA Manager About the Role CSInsurance Brokers Ltd is seeking an experienced and detail-oriented Accounts Assistant to join our Insurance Broking Accounts (IBA) team. The successful candidate will support the day-to-day IBA function of a specialist Lloyd's insurance brokerage, working closely with the IBA Manager to ensure accurate financial processing, reconciliations, insurer settlements and compliance with client money requirements. This is a hands-on role requiring a solid understanding of insurance broking accounting processes and a good working knowledge of Global XB. Key Responsibilities

• Process and reconcile insurance premiums, brokerage commissions and insurer payments.
• Maintain accurate accounting records within Global XB, ensuring transactions are correctly recorded and allocated.
• Assist with the preparation of monthly Client Money Calculations (CMC), including supporting reconciliations and investigations.
• Prepare and process payments to insurers and underwriters, including bureau and non-bureau settlements.
• Monitor and manage aged debt, following up on outstanding premiums and resolving payment queries.
• Undertake regular bank and insurer account reconciliations, investigating and resolving discrepancies.
• Assist with the management and reconciliation of multi-currency accounts, including overseas business.
• Liaise with brokers, underwriters and internal teams to resolve accounting queries.
• Support financial reporting, regulatory requirements and the maintenance of accurate audit records.
• Assist the IBA Manager with ad hoc projects, process improvements and other accounting responsibilities as required. Skills and Experience Required Essential:
• Previous experience working in an Insurance Broking Accounts (IBA) function, ideally within a Lloyd's or London Market brokerage.
• Solid understanding of insurance premium accounting, insurer settlements, reconciliations and brokerage processing.
• Familiarity with client money handling and the importance of FCA CASS compliance.
• Strong Microsoft Excel skills and confidence working with financial data.
• Excellent attention to detail, organisation and problem-solving abilities.
• Ability to manage competing priorities and work to agreed deadlines.
• Strong communication skills and the ability to work effectively with both finance and broking teams. Desirable:
• Experience assisting with Client Money Calculations (CMC).
• Knowledge of Lloyd's bureau accounting and settlement processes.
• Experience managing multi-currency transactions and overseas insurance accounts.
• Familiarity with Xero or Global XB About Us CSInsurance Brokers Ltd is a specialist insurance brokerage operating within the London insurance market, providing services to clients and partners in the UK and internationally. We offer the opportunity to work within a close-knit team, gaining exposure to a broad range of insurance accounting activities and contributing directly to the effective operation of the business. Please apply with your CV through LinkedIn.