IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance broker in High Wycombe is looking for an IBA Insurance Broking Accounts Technician to support their Finance and Technical Processing team. This role includes bank reconciliations, income ledger administration, and query resolution. The ideal candidate will have at least 2 years of experience in an IBA role and strong attention to detail.

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, and meet deadlines.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Monitoring credit risk and producing intracompany reports.

Skills

Attention to detail

Communication skills

Job description

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IBA Insurance Broking Accounts Technician, High Wycombe

Client: Next Employment Ltd

Location: High Wycombe, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views:

4

Posted:

06.06.2025

Expiry Date:

21.07.2025

Job Description:

NEW ROLE FOR IBA Technician at a growing Insurance Broker.

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

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 payments
• Accurate record keeping using our internal electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised Brokerage
• Production of intracompany reports and associated schedules
• Query resolution regarding receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison with international offices and providing IBA support
• Handling tasks on a multi-currency and multi-company ledger

You will need:

• 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 solutions
• Ability to manage time, prioritize, and meet deadlines without compromising quality