IBA Insurance Broking Accounts Technician

JR United Kingdom; Chester; On-site; GBP 30,000 - 42,000; Full time

Job summary

A leading insurance brokerage is looking for an IBA Technician in Chester to join their expanding Finance and Technical Processing team. The role involves bank reconciliation, client communication, and maintaining accurate records. Candidates should have at least 2 years of relevant experience and strong problem-solving skills.

Qualifications

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

Responsibilities

• Conduct bank reconciliation and cash matching.
• Prepare and process premium, commission, and claims payments.
• Handle queries related to unexpected funds.

Skills

Attention to detail

Good communication skills

Problem-solving abilities

Effective time management

Job description

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IBA Insurance Broking Accounts Technician, Chester

Client:

Next Employment Ltd

Location:

Chester, 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 activities of the Finance and Technical Processing team. Responsibilities include:

• 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 internal electronic data management systems
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized brokerage
• Producing intracompany reports and schedules
• Resolving queries related to unexpected or unidentified funds
• Handling queries from clients and underwriters
• Liaising with international offices and providing IBA support
• Managing tasks on a multi-currency and multi-company ledger

Requirements include:

• At least 2 years of experience in an IBA role
• Working knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills with problem-solving abilities
• Effective time management and prioritization skills