Senior Executive - IBA

Designation Senior Executive - IBA Work Location Noida (WFO) Reports to Manager Department F&A Company Overview At QX Global Group, our purpose is to Enable Transformation for our clients through bespoke solutions driven by the right combination of People, Process, and Platform. We take pride in supporting organizations across diverse industries with expertise built over two decades. We believe our people are the true engine of our success. Since 2003, this philosophy has guided how we develop future-ready talent and deliver exceptional value through our integrated ecosystem of consulting, digital technologies, and business process management. With 21 offices across 12 countries and 7 delivery centers in India, 3300+ QXites work closely with 100+ enterprise clients, including Fortune 500 companies — gaining global exposure, innovation opportunities, and cross-border collaboration. As a people-first organization, we continuously invest in AI upskilling, automation capabilities, and digital learning. Through initiatives like the QX AI Lab, our teams build new-age skills and stay ahead in a rapidly evolving world. We are proud to be a Certified Great Place to Work™, fostering a culture where individuals grow, lead, and thrive. At QX, we don’t just build careers — we build empowered, future-ready professionals. Position Overview We are seeking an experienced IBA professional with strong UK insurance accounting expertise. The role involves managing cash applications, collections, insurer reconciliations, and preparing bordereaux and client money calculations. The ideal candidate will ensure accurate financial processing, compliance with regulatory standards, and timely delivery of broker-related financial operations. Essential Duties and Responsibilities Debtor and Creditor Ageing Bank reconciliation Process and apply incoming cash receipts accurately across client and insurer accounts. Manage collections and follow up on outstanding balances with insurers and clients. Perform insurer statement reconciliations and resolve discrepancies. Prepare and review bordereaux reports and calculate client money positions in line with UK regulations. Ensure compliance with broker trust account rules and IBA accounting standards. Support month-end close activities and maintain accurate financial records. Collaborate with internal teams and external stakeholders to ensure smooth financial soperations. Maintain process documentation and support internal/external audits. Track and meet SLA/KPI targets consistently. System experience – Acturis, WebSure, BrokerSure, LexisNexis Knowledge of Broker vs Sub-Broker, Wholesale vs Retail Broker Skills & Experience 2+ Year(s) of Strong knowledge of UK IBA accounting and broker operations. Experience in cash applications, insurer reconciliations, collections and bordereaux preparation. Familiarity with client money rules and insurer statement handling. Proficient in Excel and financial systems; strong communication and problem-solving skills Client Money Calculation experience is preferred Education -- / MBA / Shift Time – 12:30 PM to 10:00 PM IST/1:30 to 11:00 PM IST