IBA Insurance Broking Accounts Technician

JR United Kingdom; Ipswich; On-site; GBP 25,000 - 35,000; Full time

Job summary

A growing insurance brokerage in Ipswich is looking for an IBA Technician to enhance its Finance and Technical Processing team. The role involves handling bank reconciliations, managing cash flows, and ensuring compliance with legal principles relating to client money. Applicants should possess at least 2 years of relevant experience and strong attention to detail.

Qualifications

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

Responsibilities

• Involved in bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Resolving queries related to receipts of unexpected or unidentified funds.

Skills

Attention to detail

Good communication skills

Problem-solving abilities

Time management

Job description

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IBA Insurance Broking Accounts Technician, Ipswich

Client: Next Employment Ltd

Location: Ipswich

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 banking systems knowledge for payments
• Accurate record keeping using our electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized 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 on a multi-currency and multi-company ledger

Requirements:

• At least 2 years of experience in an IBA role
• Knowledge of client money rules and insurance legal principles
• Attention to detail and accuracy
• Good communication skills and problem-solving abilities
• Time management skills to meet deadlines without compromising quality