IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage in Basingstoke is seeking an IBA Insurance Broking Accounts Technician to join their Finance and Technical Processing team. This role involves managing bank reconciliations, preparing premium and claims payments, and ensuring compliance with legal principles in insurance. Ideal candidates will have 2+ years of relevant experience, strong communication skills, and attention to detail.

Qualifications

• At least 2 years of experience in an IBA role.
• Working knowledge of client money rules and legal principles applicable to insurance.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Monitoring credit risk and unallocated cash.

Skills

Attention to detail

Good communication

Problem-solving

Job description

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IBA Insurance Broking Accounts Technician, Basingstoke

Client: Next Employment Ltd

Location: Basingstoke

Job Category: Other

EU work permit required: Yes

Job Views:

4

Posted:

06.06.2025

Expiry Date:

21.07.2025

Job Description:

We are hiring a new IBA Technician for our growing insurance brokerage. Due to expansion, we have created a new role 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
• Handling tasks on a multi-currency and multi-company ledger

Requirements:

• At least 2 years of experience in 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 to understand problems and propose solutions
• Ability to manage time, prioritize, and meet deadlines without compromising quality