Associate Partner - IBA & Credit Control

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, leveraging deep expertise across geographies and disciplines, including Structured Reinsurance, MGA, ILS, Legacy, Parametric, and Captives. Our trusted, boutique approach combines agility, transparency, and creative thinking to deliver optimal outcomes for our clients.

About The Role

We are seeking an Associate Partner – IBA & Credit Control to join Augment Risk. The role will 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.

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.

Benefits

• Competitive compensation packages, including base salary, performance-related bonuses, and equity participation.
• Opportunity to be inventive and innovative, challenging industry norms.
• Work in a multi-disciplinary environment with a flat structure, collaborating closely with talented individuals.
• Trusted and encouraged to take ownership and accountability.
• Work from anywhere approach with globally distributed colleagues and clients.
• Equity offered to all employees to share in the value created.
• Employee benefits designed to look after you and your loved ones.

Why Join Us

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 matter, and be heard, while contributing meaningful work to the company’s success. We build transparency into our culture to foster trust and high engagement through open communication, shared ideas, clear decision reasoning, and a strong feedback culture. You will be supported by skilled and talented colleagues in a dynamic environment. We seek like-minded individuals aligned with this culture to shape and grow the role and be part of our exciting journey ahead.