IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage is seeking an IBA Technician to enhance its Finance and Technical Processing team. The role involves bank reconciliation, premium processing, and supporting international offices, requiring strong attention to detail and at least two years of relevant experience.

Qualifications

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

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Liaising with international offices and providing IBA support.

Skills

Attention to detail

Good communication skills

Problem-solving

Job description

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IBA Insurance Broking Accounts Technician, Lincoln

Client: Next Employment Ltd

Location:

Lincoln, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

Job Views:

4

Posted:

06.06.2025

Expiry Date:

21.07.2025

Job Description:

We are seeking an IBA Technician for a growing insurance brokerage.

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 facilitate payments
• Accurate record keeping using our internal 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 unexpected or unidentified funds
• Addressing queries from clients and underwriters
• Liaising with international offices and providing IBA support
• Handling 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 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