IBA Insurance Broking Accounts Technician

JR United Kingdom; Exeter; On-site; GBP 30,000 - 40,000; Full time

Job summary

A growing insurance brokerage is seeking an IBA Technician in Exeter to support their Finance and Technical Processing team. The successful candidate will manage bank reconciliations and payment processing, ensuring records are accurately maintained while liaising with international offices. Applicants should have 2+ years experience in a relevant role with strong attention to detail and the ability to communicate effectively.

Qualifications

• 2+ years experience in an IBA role.
• Knowledge of client money rules and legal principles in insurance.
• Ability to manage time and meet deadlines.

Responsibilities

• Perform bank reconciliation and cash matching.
• Administer income ledger and process payments.
• Resolve queries related to funds and client payments.

Skills

Attention to detail

Communication

Problem Solving

Job description

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IBA Insurance Broking Accounts Technician, exeter

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Client:

Next Employment Ltd

Location:

exeter, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

4

Posted:

06.06.2025

Expiry Date:

21.07.2025

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Job Description:

NEW ROLE FOR IBA Technician for growing Insurance Brokers.

Due to expansion a new role for an additional IBA Technician to support the activities of the Finance and Technical Processing team has been created

You will be involved in:

• 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 enable 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

• Production on intracompany reports and associated schedules

• Query resolution in relation to receipts of unexpected or unidentified funds

• Query resolution from clients and underwriters

• Liaison with our international offices and providing IBA support

• Undertake tasks and responsibilities on a multi-currency and multi company ledger

You will need + 2 years experience within an IBA role and

• Working knowledge of client money rules and legal principles applicable to insurance

• Attention to detail and accuracy

• Good communication with ability and desire to understand problems and propose appropriate solutions that achieve the desired outcome

• Ability to manage time, prioritise and ensure the deadlines are met without compromising on quality