IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage in Coventry is seeking an IBA Technician to enhance their Finance and Technical Processing team. The role involves detailed responsibilities including bank reconciliations, premium processing, and client support. Candidates should have at least 2 years of experience in a similar position and possess strong communication and problem-solving skills.

Qualifications

• Minimum of 2 years 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 premium, commission, and claims payments.
• Resolving queries related to receipts of unexpected funds.

Skills

Attention to detail

Good communication skills

Problem-solving ability

Time management skills

Job description

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IBA Insurance Broking Accounts Technician, Coventry

Client: Next Employment Ltd

Location: Coventry, 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 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.

The 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 system knowledge for payments
• 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 receipts of unexpected or unidentified funds
• Handling queries from clients and underwriters
• Collaborating with international offices and providing IBA support
• Managing tasks in a multi-currency and multi-company ledger environment

Requirements:

• Minimum of 2 years experience in an IBA role
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills with problem-solving ability
• Time management skills to meet deadlines without compromising quality