IBA Insurance Broking Accounts Technician

JR United Kingdom; Newcastle upon Tyne; On-site; GBP 28,000 - 35,000; Full time

Job summary

A growing insurance broker in Newcastle upon Tyne seeks an IBA Technician to enhance the Finance and Technical Processing team. This role involves managing cash processes, maintaining accurate records, and providing IBA support across multiple entities. Candidates should have at least two years of relevant experience and strong communication skills to resolve various client and financial queries effectively.

Qualifications

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

Responsibilities

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

Skills

Attention to detail

Good communication skills

Problem-solving

Job description

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IBA Insurance Broking Accounts Technician, Newcastle-upon-Tyne, Tyne and Wear

Client:

Next Employment Ltd

Location:

Newcastle-upon-Tyne, Tyne and Wear, 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 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 unrealised 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
• Undertake 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 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