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Associate Partner – IBA & Credit Control
Location: UK– Remote
Reports to: COO
Type: Full-Time
About Augment Risk :
Augment Risk is a global capital risk solutions intermediary, partnering with clients to structure and place innovative solutions. We specialize in bespoke risk transfer strategies,leveragingdeepexpertiseacross geographies and disciplines, including Structured Reinsurance, MGA, ILS, Legacy, Parametric, and Captives. Our trusted, boutique approach combines agility, transparency, and creative thinking to deliveroptimaloutcomes for our clients.
About the Role:
We are seeking an Associate Partner – IBA & Credit Controlto join Augment Risk .The rolewill beto oversee the day-to-dayhands-onmanagement of Insurance Broking Accounts (IBA) within Augment Risk . This role acts as the key link between Finance and Broking Operations, ensuring theaccurateandtimelyprocessing 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 towork oncomplex financial transactions while building strong relationships across the business.
Responsibilities:
Oversee the end-to-endhands-onmanagement of Insurance Broking Accounts (IBA).
Act as the primary liaison between Finance,brokingandClient Solutionsto ensure efficient processing of financial transactions.
Monitor andmanage collections, ensuringtimelyreceipt of funds from clients and brokers.
Ensure prompt settlement of balances.
Allocate incoming cash accurately across multiple accounts and transactions.
Perform regular account reconciliations,investigatingand resolving discrepanciesin a timelymanner.
Lead credit control activities, proactivelymanaging ageddebtand improving cash collection performance.
Work closely with brokers, financeteamsand external counterparties to resolve accounting queries.
Monitor cash flow across broking accounts and identify potential risks or delays.
Ensure compliance with FCA CASS rules, internalcontrolsand company policies (where applicable).
Producemanagement information and reports relating to aged debt, cash allocation,reconciliationsand outstanding balances.
Support process improvements and driveefficiencies.
Requirements:
Minimum of 8years'hands-on, operationalexperience within Insurance Broking Accounts (IBA).
Strong experience within the reinsurancebrokingmarket.
Excellent understanding of premium accounting, cashallocationand reconciliations.
Proven experience in credit control and debtmanagement.
Strong understanding ofbrokingaccounting processes and financial controls.
Ability to work effectively between Finance and Operations teams.
Excellent analytical and problem-solving skills.
Strong attention to detail withhigh levelsof accuracy.
Excellent communication and stakeholdermanagement 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, andthat’swhat 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.
Ready to make a difference?
As a fast-growingcompany,our cultureiscenteredaroundinnovation, collaboration,and ownership.This is an opportunity totakethe initiative, bring ideas that will matter and be heard,and be involved in making impactful decisions,allwhilecontributing meaningful work to the company’s success,which isof coursehighlyrecognizedand 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.
Withinthisdynamicenvironment,you will be wholeheartedly supported by your skilledand talented colleagues. We are seeking like-mindedindividualsaligned withthisculture, tonot onlyshape and growtherole,butbe a huge part of our exciting journey ahead.Ifyou feel well aligned to all theabove,making this a great match for you, go ahead and apply now!