IBA Insurance Broking Accounts Technician

JR United Kingdom; Guildford; On-site; GBP 30,000 - 45,000; Full time

Job summary

A growing insurance brokerage is looking for an IBA Technician to enhance their Finance and Technical Processing team. This role involves bank reconciliations, income ledger administration, and the preparation of payments, alongside maintaining accurate records and addressing client and underwriter queries. Candidates should have at least 2 years of IBA experience and a solid understanding of regulatory principles and excellent communication skills.

Qualifications

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

Responsibilities

• Conducting bank reconciliations and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Monitoring credit risk and managing tasks across multi-currency ledgers.

Skills

Attention to detail

Communication skills

Problem-solving

Job description

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IBA Insurance Broking Accounts Technician, Guildford

Client:

Next Employment Ltd

Location:

Guildford, 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 an IBA Technician for a growing insurance brokerage.

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

Your responsibilities will include:

1. Bank reconciliation and cash matching
2. Income ledger administration, including posting to IBS
3. Preparation and processing of premium, commission, and claims payments
4. Bank reconciliations and knowledge of banking systems to facilitate premium, commission, and claims payments
5. Maintaining accurate records using our internal electronic data management system
6. Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized brokerage
7. Producing intracompany reports and schedules
8. Resolving queries related to unexpected or unidentified funds
9. Handling queries from clients and underwriters
10. Coordinating with international offices and providing IBA support
11. Managing tasks across multi-currency and multi-company ledgers

Requirements:

• At least 2 years of experience in an IBA role
• Working knowledge of client money rules and legal principles applicable to insurance
• Attention to detail and accuracy
• Good communication skills with the ability to understand problems and propose effective solutions
• Ability to manage time, prioritize tasks, and meet deadlines without compromising quality