IBA Finance Technician (12 month FTC)

David Roberts & Partners (Insurance Brokers) Ltd; Stockport; On-site; GBP 28,000 - 36,000; Full time

Benefits offered by this job

Competitive salary

Discretionary bonus

33 days leave

Pension scheme

Cycle to Work

Study support

Group Life Cover

Income protection

Medicash programme

Enhanced parental leave

Bubble Childcare

CII study support

Job summary

David Roberts and Partners seeks a Finance Assistant to support insurance accounting operations, focusing on Insurer/Broker Accounting (IBA) processes to ensure accurate recording, reconciliation and settlement of transactions between brokers and insurers.

You will maintain IBA ledgers, perform reconciliations, assist with month-end, and work with insurers and brokers to resolve queries while adhering to FCA rules and internal controls.

Qualifications

• Experience in a finance or accounting role, preferably within insurance or IBA.
• Strong attention to detail and high level of accuracy.
• Good understanding of basic accounting principles.
• Proficiency in Microsoft Excel and finance systems.
• Experience with insurance accounting systems (Open GI, Acturis or similar).
• Knowledge of FCA client money rules (CASS 5).

Responsibilities

• Process premiums, claims payments, and insurer settlements accurately within agreed timelines
• Allocate cash receipts and payments to the correct client and insurer accounts
• Maintain and update IBA ledgers in line with internal procedures
• Perform regular bank, insurer, and client account reconciliations
• Investigate and resolve discrepancies, aged balances, and unmatched cash
• Assist in producing IBA reports, including debtors, creditors, and cash flow summaries
• Work closely with insurers, brokers, and internal stakeholders to resolve queries
• Support the settlement process ensuring payments are made in line with contractual terms
• Build and maintain strong working relationships with key external partners

Skills

Attention to detail

Excel proficiency

Communication skills

Time management

Analytical thinking

Basic accounting principles

Education

AAT (or equivalent) qualification

Tools

Open GI

Acturis

Finance systems

Job description

David Roberts and Partners was formed in 1977. Founded in Ormskirk, before moving to Southport, the organisation has now grown into a family of independent insurance brokers. With businesses spanning the UK and Europe. We have a team of over 550 dedicated colleagues, we place over >£600m premium worldwide with direct access to Lloyd's of London and other specialist international markets. While our businesses operate at a local level, the Group's infrastructure empowers us to compete with and win against the multinational brokers. The objective is always to provide the best possible service and protection for our clients.

BMS Group

BMS Group is a dynamic, independent, global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. BMS teamsare respected globally for their specialist market knowledge, intelligent analysis, insight and understanding. Being independent makes a key difference both DR&P and BMS clients, giving our brokers the freedom to deliver the best solutions, tailored to meet your business needs. Both businesses are aligned on their collaborative team approaches, ability to operate worldwide and renowned personal service.

Summary of Position

The IBA Finance Assistant plays a key role in supporting the financial operations within an insurance business, specifically managing Insurer/Broker Accounting (IBA) processes. This role focuses on ensuring accurate recording, reconciliation, and settlement of insurance transactions between brokers and insurers, maintaining financial integrity and compliance.

Key Responsibilities & Accountabilities

• Process premiums, claims payments, and insurer settlements accurately within agreed timelines
• Allocate cash receiptsand payments to the correct client and insurer accounts
• Maintain and update IBA ledgers in line with internal procedures
• Perform regular bank, insurer,and client account reconciliations
• Investigate and resolvediscrepancies, aged balances, and unmatched cash
• Assist in producing IBA reports, includingdebtors, creditors, and cash flow summaries
• Work closely with insurers, brokers,and internal stakeholders to resolve queries
• Support the settlement processensuring payments are made in line with contractual terms
• Build and maintain strong workingrelationships with key external partners

Compliance & Control

• Ensure adherence to FCA (or relevant regulatory) rules and company policies
• Maintain accurate audit trails andsupporting documentation
• Assist with internal and external audits, providing required financial information

Administration & Support

• Support month-end and year-end finance processes
• Maintain accurate records of transactions and correspondence
• Assist with system improvements and process efficiencies within IBA accounting

Skills, Knowledge & Experience

• Previous experience in a finance or accounting role (preferably within insurance or IBA)
• Strong attention to detail and high level of accuracy
• Good understanding of basic accounting principles
• Proficiency in Microsoft Excel and finance systems
• Excellent organisational and time management skills
• Experience with insurance accounting systems (e.g., Open GI, Acturis, or similar) Knowledge of FCA client money rules (CASS 5)
• AAT (or equivalent) qualification or working towards

Personal Attributes

• Analytical and problem-solving mindset
• Strong communication skills (written and verbal)
• Ability to work independently and as part of a team
• Proactive and adaptable in a fast-paced environment

Customer Focused

• Excellent interpersonal skills,adapting communication style to situation
• Builds effective relationships with the businessand key service providers
• Proactive, always looks for ways of delivering a better or more efficientservice
• Exercise solid judgement particularly handling confidential information
• Respectful and professional in all dealings with people at all levels, demonstrating diplomacy and discretion

Whats in it for me?

• Competitive salary, and discretionary bonus scheme opportunies.
• 33 days paid leave includingbank holidays, long service days offered at 5 & 10 years service,
• Pension Scheme.
• Cycle to Work Scheme.
• Study Support.
• Group Life Cover (x4 basic annual salary).
• Group Income Protection Cover.
• Medicash Programme.
• Half Days Leave before Easter Friday, Christmas Eve & New Years Eve.
• Enhanced Parental Leave (Maternity & Paternity).
• Access to Bubble Childcare (40 hours free childcare per year).
• Further opportunities for Study Support in CII Qualifications.

Through our Diversity, Equity and Inclusion (DEi) vision, we are committed to 'building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.' As such, we have created our 'BMS Together' programme, with dedicated training, collaborative committees and intentional partnerships. In support of our ESG vision, we offer two additional paid days each year to take part in charitable work.

Please let our team know if you require any adjustments to support you through the application process.