IBA Insurance Broking Accounts Technician

JR United Kingdom; Manchester; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading company in the insurance sector is seeking an IBA Insurance Broking Accounts Technician in Manchester. The successful candidate will support the Finance and Technical Processing team, handling bank reconciliations, payment processing, and maintaining accurate records while ensuring compliance with insurance money rules.

Qualifications

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

Responsibilities

• Perform bank reconciliation and cash matching.
• Prepare and process premium, commission, and claims payments.
• Monitor credit risk and manage multi-currency ledgers.

Skills

Attention to detail

Good communication skills

Problem-solving

Job description

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IBA Insurance Broking Accounts Technician, Manchester

Client: Next Employment Ltd

Location: Manchester, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views:

4

Posted:

06.06.2025

Expiry Date:

21.07.2025

Job Description:

NEW ROLE FOR IBA Technician for growing Insurance Brokers.

Due to expansion, a new role for an additional IBA Technician to support the activities of the Finance and Technical Processing team has been created.

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 unrealised Brokerage
• Production of intracompany reports and associated schedules
• Query resolution related to receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison with our international offices and providing IBA support
• Undertake tasks and responsibilities on a multi-currency and multi-company ledger

You will need:

• At least 2 years of experience within 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 and desire to understand problems and propose appropriate solutions that achieve the desired outcome
• Ability to manage time, prioritize, and ensure deadlines are met without compromising on quality