IBA Insurance Broking Accounts Technician

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

Job summary

A dynamic insurance brokerage in Cambridge is seeking an IBA Technician to support their Finance and Technical Processing team. You will manage tasks including bank reconciliations, payment processes, and support for various financial operations. If you have two years of IBA experience, attention to detail, and strong communication skills, we encourage you to apply.

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 skills

Time management

Job description

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IBA Insurance Broking Accounts Technician, Cambridge

Client: Next Employment Ltd

Location: Cambridge

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 team.

Due to expansion, a new role 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 facilitate 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 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 multi-currency and multi-company ledgers

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 effectively, prioritize tasks, and meet deadlines without compromising quality