IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage in South West London seeks an IBA Technician to support their Finance and Technical Processing team. The role requires at least two years of experience in an IBA position, with tasks including bank reconciliations, payment processing, and effective communication with clients and underwriters. This is a great opportunity to join a dynamic team in the insurance industry.

Qualifications

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

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Managing tasks in a multi-currency and multi-company ledger environment.

Skills

Attention to detail

Good communication skills

Time management skills

Job description

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IBA Insurance Broking Accounts Technician, South West London

Client: Next Employment Ltd

Location: South West London, 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 for a new role of IBA Technician at a growing insurance brokerage. Due to expansion, an additional IBA Technician is needed to support 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 for payments
• Accurate record keeping using our electronic data management system
• Monitoring credit risk, funding, unallocated cash, and unrealized 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 in a multi-currency and multi-company ledger environment

Requirements include:

• At least 2 years of experience in an IBA role
• 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 suggest solutions
• Time management skills, ability to prioritize, and meet deadlines without compromising quality