IBA Insurance Broking Accounts Technician

JR United Kingdom; Leicester; On-site; GBP 28,000 - 35,000; Full time

Job summary

A leading insurance brokerage in Leicester is seeking an IBA Technician to support their Finance and Technical Processing team. The ideal candidate will have strong attention to detail and experience in an IBA role, handling multi-currency transactions, and liaising with clients and underwriters. This role offers opportunities within a growing company focused on providing exceptional financial services.

Qualifications

• At least 2 years of experience in an IBA role.
• Working 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.
• Resolving queries related to unexpected or unidentified funds.

Skills

Attention to detail

Good communication skills

Problem-solving ability

Time management skills

Job description

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IBA Insurance Broking Accounts Technician, Leicester

Client: Next Employment Ltd

Location: Leicester

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. Due to expansion, an additional role has been created 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 unrealised brokerage
• Producing intracompany reports and schedules
• Resolving queries related to unexpected or unidentified funds
• Handling queries from clients and underwriters
• Collaborating 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
• 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