IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage seeks an IBA Technician in Chelmsford due to expansion. The role entails handling bank reconciliation, income ledger administration, and coordinating tasks in a multi-currency environment. Ideal candidates will possess at least 2 years of IBA experience, strong attention to detail, and effective communication skills.

Qualifications

• At least 2 years of experience in an IBA role.
• Knowledge of client money rules and legal principles in insurance.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of payments.
• Coordinating with international offices for IBA support.

Skills

Attention to detail

Communication skills

Problem understanding

Solution proposing

Time management

Job description

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IBA Insurance Broking Accounts Technician, Chelmsford

Client: Next Employment Ltd

Location: Chelmsford

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 for a new role of IBA Technician at a growing insurance brokerage.

Due to expansion, an additional IBA Technician is needed 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 for payments
• Accurate record keeping using our 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
• Addressing 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
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills, problem understanding, and solution proposing abilities
• Time management skills to meet deadlines without compromising quality