IBA Insurance Broking Accounts Technician

JR United Kingdom; Basildon; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading company in insurance is seeking an IBA Insurance Broking Accounts Technician to support their Finance and Technical Processing team due to growth. Candidates should have significant experience in the IBA role, with strong attention to detail and excellent communication skills crucial for effectively managing financial operations.

Qualifications

• At least 2 years of experience within an IBA role.
• Working knowledge of client money rules and legal principles applicable to insurance.
• Ability to manage time, prioritize, and meet deadlines without compromising quality.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Accurate record keeping using an internal electronic data management system.

Skills

Attention to detail

Communication skills

Job description

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IBA Insurance Broking Accounts Technician, Basildon

Client: Next Employment Ltd

Location: Basildon, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views:

4

Posted:

06.06.2025

Expiry Date:

21.07.2025

Job Description:

NEW ROLE FOR IBA Technician for growing Insurance Brokers.

Due to expansion, a new role for an additional IBA Technician has been created to support the activities of the Finance and Technical Processing team.

You will be involved in:

• Bank reconciliation and cash matching
• Income ledger administration, including posting to IBS
• Preparation and processing of premium, commission, and claims payments
• Bank reconciliations and knowledge of banking systems to enable premium, commission, and claims payments
• Accurate record keeping using our internal electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised Brokerage
• Production of intracompany reports and associated schedules
• Query resolution related to receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison with international offices and providing IBA support
• Tasks on a multi-currency and multi-company ledger

You will need:

• At least 2 years of experience within an IBA role
• Working knowledge of client money rules and legal principles applicable to insurance
• Attention to detail and accuracy
• Good communication skills with the ability and desire to understand problems and propose appropriate solutions
• Ability to manage time, prioritize, and meet deadlines without compromising quality