Augment Risk
Associate Partner - IBA & Credit Control
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About the Role
We are seeking an Associate Partner – IBA & Credit Control to join Augment Risk. The role will be to oversee the day-to-day hands-on management of Insurance Broking Accounts (IBA) within Augment Risk. This role acts as the key link between Finance and Broking Operations, ensuring the accurate and timely processing of premium and claims funds, effective credit control, and compliance with regulatory and internal accounting standards.
The successful candidate will have extensive experience within reinsurance broking accounts and a proven ability to work on complex financial transactions while building strong relationships across the business.
Responsibilities
- Oversee the end-to-end hands-on management of Insurance Broking Accounts (IBA).
- Act as the primary liaison between Finance, broking, and Client Solutions to ensure efficient processing of financial transactions.
- Monitor and manage collections, ensuring timely receipt of funds from clients and brokers.
- Ensure prompt settlement of balances.
- Allocate incoming cash accurately across multiple accounts and transactions.
- Perform regular account reconciliations, investigating and resolving discrepancies in a timely manner.
- Lead credit control activities, proactively managing aged debt and improving cash collection performance.
- Work closely with brokers, finance teams, and external counterparties to resolve accounting queries.
- Monitor cash flow across broking accounts and identify potential risks or delays.
- Ensure compliance with FCA CASS rules, internal controls, and company policies (where applicable).
- Produce management information and reports relating to aged debt, cash allocation, reconciliations, and outstanding balances.
- Support process improvements and drive efficiencies.
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Requirements
- Minimum of 8 years' hands-on, operational experience within Insurance Broking Accounts (IBA).
- Strong experience within the reinsurance broking market.
- Excellent understanding of premium accounting, cash allocation, and reconciliations.
- Proven experience in credit control and debt management.
- Strong understanding of broking accounting processes and financial controls.
- Ability to work effectively between Finance and Operations teams.
- Excellent analytical and problem-solving skills.
- Strong attention to detail with high levels of accuracy.
- Excellent communication and stakeholder management skills.
- Proficient in Microsoft Excel and financial systems.
Why Join Us
- We offer competitive compensation packages, including base salary, performance-related bonuses, and equity participation.
- We will provide you with the opportunity to be inventive and innovative, we love challenging industry norms.
- You will work in a multi-disciplinary environment, collaborating closely with talented individuals within a flat structure.
- You will be trusted and encouraged to take ownership and accountability.
- We adopt a work from anywhere approach. Our colleagues and clients are globally distributed which means flexibility is key to delivering great client outcomes, and that’s what matters to us.
- We believe in rewarding success, and we want everyone to share in the value we create – therefore, all our employees are offered equity.
- We look after our people and their loved ones. Our employee benefits are designed with that in mind.
- Augment Risk is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
- We look after our people and their loved ones. Our employee benefits are designed with that in mind.
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Ready to Make a Difference?
As a fast-growing company, our culture is centered around innovation, collaboration, and ownership. This is an opportunity to take the initiative, bring ideas that will matter and be heard, and be involved in making impactful decisions, all while contributing meaningful work to the company’s success, which is of course highly recognized and rewarded.
We ensure to build transparency into our culture to foster trust and high engagement. Open communication, shared ideas, clear decision reasoning, along with a strong and constructive feedback culture ensures our employees feel empowered and informed.
Within this dynamic environment, you will be wholeheartedly supported by your skilled and talented colleagues. We are seeking like-minded individuals aligned with this culture, to not only shape and grow the role, but be a huge part of our exciting journey ahead. If you feel well aligned to all the above, making this a great match for you, go ahead and apply now!
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