IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage is seeking an IBA Insurance Broking Accounts Technician in Milton Keynes to support finance and technical processing. The role involves managing multi-currency ledgers, ensuring accurate financial records, and liaising with clients and international offices. A minimum of two years’ experience in an IBA role is required, alongside strong problem-solving and communication skills.

Qualifications

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

Responsibilities

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

Skills

Attention to detail

Problem-solving

Communication

Time management

Job description

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IBA Insurance Broking Accounts Technician, Milton Keynes

Client: Next Employment Ltd

Location: Milton Keynes

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 for a new IBA Technician role within a growing insurance brokerage. Due to expansion, an additional IBA Technician is needed to support the Finance and Technical Processing team.

The responsibilities include:

• 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
• Liaising with international offices and providing IBA support
• Managing tasks on a multi-currency and multi-company ledger

Requirements:

• At least 2 years of experience in an IBA role
• Working knowledge of client money rules and insurance legal principles
• Attention to detail and accuracy
• Good communication skills with problem-solving ability
• Time management skills to meet deadlines without compromising quality