IBA Insurance Accounting Technician

MW Appointments; London; On-site; GBP 35,000 - 40,000; Full time

Job summary

A renowned Lloyds Broker in London seeks a finance team member to support IBA and Credit Control functions. Responsibilities include daily cash posting, reconciling transactions, and managing queries. Ideal candidates have experience in Credit Control and familiarity with the London Insurance Market. This permanent role offers a salary between £35,000 - £40,000 with a hybrid work model (3 days in office, 2 days remote).

Benefits

Employee well-being support

Technical training opportunities

Personal development support

Qualifications

• Previous experience working within Credit Control or IBA.
• Familiar with the London Insurance Market preferred.
• Ability to manage tasks independently.

Responsibilities

• Post cash received and paid on the IBA system daily.
• Match cash received/paid against insurance transactions daily.
• Perform weekly bank reconciliations.

Skills

Credit Control experience

Knowledge of London Insurance Market

Experience using UK bank portals

Familiarity with IBA systems

Good organization skills

Ability to work independently

Job description

Overview

Summary

Our client is a leading Lloyds Broker working with SME, Corporate and Multinational businesses throughout the globe to provide innovative risk solutions across a wide range of different (re)insurance classes. You will be joining a vibrant finance team who work collectively and support each other to provide a fast and efficient service to internal and external stakeholders. The purpose of the role is to support the finance team across all IBA, Credit Control and Operation functions.

Main Duties

• Posting Cash received and paid on the IBA system daily
• Matching cash received/paid in against insurance transactions daily
• Weekly Bank reconciliations
• Entering insurance payments in bank daily
• Entering insurance payments in FX trading platform daily
• Liaison with external brokers; dealing with queries in the Credit Control email inbox daily
• Investigating unallocated cash and matching transactions
• Loading CSV interface files from underwriting systems to IBA system
• Matching cash in both IBA system and underlying insurance underwriting systems
• Support the Accounts Manager

Skills Required

• Previous experience working within Credit Control/ IBA
• London Insurance Market knowledge, preferred
• Experience of using UK bank portals
• Familiar with IBA (Insurance Broking accounts) systems
• Good organisation skills
• Able to work independently and use initiative

What you need to know

• Permanent
• Based in the City of London - hybrid (3 days in London) with 2 days home working
• Salary between £35,000 - £40,000
• A great opportunity to join a global leader in the insurance sector.
• Join a company that supports employee well-being, technical training and personal development.