IBA Insurance Broking Accounts Technician

JR United Kingdom; City of Edinburgh; On-site; GBP 28,000 - 35,000; Full time

Job summary

A growing insurance brokerage in Edinburgh seeks an IBA Technician to join their Finance and Technical Processing team. The role involves bank reconciliation, managing client queries, and supporting international offices within a multi-currency environment. Candidates should possess strong communication skills and at least 2 years of relevant experience.

Qualifications

• At least 2 years of experience in an IBA role.
• Working knowledge of client money rules and legal principles in insurance.
• Ability to manage time effectively and prioritize tasks.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium and commission payments.
• Managing tasks in a multi-currency ledger environment.

Skills

Attention to detail

Communication

Problem-solving

Job description

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IBA Insurance Broking Accounts Technician, Edinburgh

Client:

Next Employment Ltd

Location:

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

Key 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 knowledge of banking systems for payments
• Accurate record keeping using our electronic data management system
• Monitoring credit risk, funding, unallocated cash, and unrealised brokerage
• Producing intracompany reports and schedules
• Resolving queries related to receipts of unexpected or unidentified funds
• Handling queries from clients and underwriters
• Liaising with international offices and providing IBA support
• Managing tasks in a multi-currency and multi-company ledger environment

Qualifications and skills required:

• 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
• Excellent communication skills and problem-solving abilities
• Ability to manage time effectively, prioritize tasks, and meet deadlines without compromising quality