IBA Insurance Broking Accounts Technician

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

Job summary

A leading company in the insurance industry is looking for an IBA Insurance Broking Accounts Technician to join their team in Hemel Hempstead. The role involves crucial tasks such as bank reconciliation, premium processing, and managing multi-currency ledgers. Candidates should have at least two years of experience in an IBA role and possess strong communication and problem-solving skills.

Qualifications

• At least 2 years of experience in an IBA role.
• Working knowledge of client money rules and legal principles in insurance.

Responsibilities

• Support finance and technical processing team with bank reconciliation.
• Manage multi-currency and multi-company ledgers.

Skills

Attention to detail

Problem-solving

Good communication

Time management

Job description

Job Title: IBA Insurance Broking Accounts Technician, Hemel Hempstead

Client:

Next Employment Ltd

Location:

Hemel Hempstead, 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 brokerage. This role supports the Finance and Technical Processing team and involves:

• Bank reconciliation and cash matching
• Income ledger administration, including posting to IBS
• Preparation and processing of premium, commission, and claims payments
• Knowledge of banking systems for premium, commission, and claims 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
• Collaborating with international offices and providing IBA support
• Managing tasks across multi-currency and multi-company ledgers

Requirements include:

• 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 and problem-solving ability
• Time management skills to meet deadlines without compromising quality