IBA Insurance Broking Accounts Technician

JR United Kingdom; Birmingham; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading insurance brokerage in Birmingham is seeking an IBA Technician to support their Finance and Technical Processing team. The role involves bank reconciliations, processing payments, and maintaining accurate financial records. Ideal candidates will have at least two years of experience in an IBA role, a strong understanding of client money rules, and excellent communication skills to resolve queries and manage tasks in a multi-currency environment.

Qualifications

• At least 2 years of experience in an IBA role.
• Working knowledge of client money rules and legal principles applicable to insurance.
• Good communication skills with the ability to understand problems and propose solutions.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Monitoring credit risk, funding, unallocated cash, and un-forwarded balances.

Skills

Attention to detail

Good communication skills

Problem-solving

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Birmingham

Client:

Next Employment Ltd

Location:

Birmingham, 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 hiring an IBA Technician for a growing insurance brokerage. Due to expansion, a new role has been created to support 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 banking systems knowledge 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 unrealized brokerage
• Producing intracompany reports and schedules
• Resolving queries related to receipts of unexpected or unidentified funds
• Responding to queries from clients and underwriters
• Coordinating 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
• Good communication skills, with the ability to understand problems and propose solutions
• Ability to manage time, prioritize tasks, and meet deadlines without compromising quality