IBA Insurance Broking Accounts Technician

JR United Kingdom; Chesterfield; On-site; GBP 28,000 - 38,000; Full time

Job summary

A leading insurance brokerage is expanding and seeks an IBA Technician in Chesterfield. The role involves managing bank reconciliations, handling premium and commission payments, and supporting a finance team. Ideal candidates will have a strong attention to detail, effective communication skills, and prior experience in an IBA role.

Qualifications

• At least 2 years of experience in an IBA role.
• Working knowledge of client money rules in insurance.
• Ability to understand problems and propose solutions.

Responsibilities

• Ensure bank reconciliation and cash matching.
• Administer income ledger and process payments.
• Produce intracompany reports.

Skills

Attention to detail

Communication skills

Time management

Job description

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IBA Insurance Broking Accounts Technician, Chesterfield

Client:

Next Employment Ltd

Location:

Chesterfield, 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 a skilled IBA Technician for a growing insurance brokerage. Due to expansion, a new role has been created to support the Finance and Technical Processing team.

The responsibilities include:

• 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 our internal 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
• Liaising with international offices and providing IBA support
• Handling tasks on a multi-currency and multi-company ledger

Requirements:

• 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 the ability to understand problems and propose solutions
• Time management skills to meet deadlines without compromising quality