IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage in Luton is seeking an IBA Insurance Broking Accounts Technician to support their Finance and Technical Processing team. The role involves bank reconciliations, payment processing, and monitoring credit risks, along with resolving queries and maintaining accurate records.

Qualifications

• At least 2 years of experience in an IBA role.
• Working knowledge of client money rules.
• Ability to manage time and meet deadlines.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of payments.
• Query resolution regarding receipts and funds.

Skills

Bank reconciliation

Attention to detail

Good communication skills

Time management

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Luton, Bedfordshire

Client:

Next Employment Ltd

Location:

Luton, Bedfordshire, 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 a new IBA Technician for a growing insurance brokerage.

Due to expansion, a new role 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 premium, commission, and claims payments
• Accurate record keeping using our internal electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized 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

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