IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage in Maidstone seeks an IBA Technician. This role supports the Finance and Technical Processing teams, requiring significant experience and involvement in financial processes, including bank reconciliations, records management, and client queries. This position is critical for ensuring accurate financial operations in a multi-currency environment.

Qualifications

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

Responsibilities

• Support Finance and Technical Processing team with bank reconciliation.
• Administer income ledger, processing premium and claims payments.
• Handle queries from clients and underwriters.

Skills

Attention to detail

Good communication

Time management

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Maidstone

Client:

Next Employment Ltd

Location:

Maidstone, 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 seeking a qualified IBA Technician for a growing insurance brokerage. This role supports the Finance and Technical Processing team and involves:

• 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 system knowledge 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 receipts of unexpected or unidentified funds
• Handling queries from clients and underwriters
• Coordinating 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 and resolve problems
• Time management skills to meet deadlines without compromising quality