IBA Insurance Broking Accounts Technician

JR United Kingdom; Bedford; On-site; GBP 28,000 - 40,000; Full time

Job summary

JR United Kingdom is seeking a dedicated IBA Technician to enhance its Insurance Brokerage team in Bedford. The role is vital for supporting various financial tasks, including bank reconciliation, premium processing, and client interactions, requiring both experience in the IBA field and strong communication skills.

Qualifications

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

Responsibilities

• Support Finance and Technical Processing team with administrative tasks.
• Manage tasks in a multi-currency and multi-company ledger environment.
• Handle queries from clients and underwriters.

Skills

Attention to detail

Strong communication skills

Problem-solving abilities

Effective time management

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Bedford

Client:

Next Employment Ltd

Location:

Bedford, United Kingdom

Job Category:

Other

EU work permit required:

Yes

Job Views:

4

Posted:

06.06.2025

Expiry Date:

21.07.2025

Job Description:

We are seeking a dedicated IBA Technician to join our growing Insurance Brokerage team. This role supports the Finance and Technical Processing team and involves various financial and administrative tasks.

• Bank reconciliation and cash matching
• Income ledger administration, including posting to IBS
• Preparation and processing of premium, commission, and claims payments
• Knowledge of banking systems for 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
• Producing intracompany reports and schedules
• Resolving queries related to unexpected or unidentified funds
• Handling queries from clients and underwriters
• Collaborating with international offices and providing IBA support
• Managing tasks in a multi-currency and multi-company ledger environment

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
• Strong communication skills with problem-solving abilities
• Effective time management and ability to meet deadlines without compromising quality