IBA Insurance Broking Accounts Technician

JR United Kingdom; Derby; On-site; GBP 28,000 - 35,000; Full time

Job summary

A leading insurance team is seeking an IBA Insurance Broking Accounts Technician in Derby. This role involves complex tasks such as bank reconciliation, cash management, and client support, ideal for candidates with IBA experience and strong attention to detail. Join a growing team dedicated to financial accuracy and client service.

Qualifications

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

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Liaising with international offices and providing IBA support.

Skills

Attention to detail

Good communication skills

Time management

Job description

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IBA Insurance Broking Accounts Technician, Derby

Client: Next Employment Ltd

Location: Derby, 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 a new IBA Technician for our growing Insurance Brokers team.

Due to expansion, a new role has been created to support the activities of 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 knowledge of banking systems to facilitate 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 receipts of 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:

• 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