IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage in Bournemouth seeks an IBA Insurance Broking Accounts Technician to support its Finance and Technical Processing team. This role involves processing payments, managing records, and collaborating with international offices. Candidates should have at least 2 years of relevant experience and strong communication skills.

Qualifications

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

Responsibilities

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

Skills

Attention to detail

Good communication

Time management

Job description

Job Title: IBA Insurance Broking Accounts Technician, Bournemouth

Client:

Next Employment Ltd

Location:

Bournemouth, 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 an IBA Technician for a growing insurance brokerage. This role supports the Finance and Technical Processing team and involves:

• 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 internal electronic data management systems
• Monitoring credit risk, funding, unallocated cash, and unrealized brokerage
• Producing intracompany reports and schedules
• Resolving queries related to receipts of 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 include:

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