IBA Insurance Broking Accounts Technician

JR United Kingdom; Northampton; On-site; GBP 28,000 - 35,000; Full time

Job summary

A growing insurance brokerage is hiring an IBA Technician in Northampton. The role involves bank reconciliation, processing payments, and coordinating with international offices. Candidates should have at least 2 years' experience in an IBA role and a strong attention to detail.

Qualifications

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

Responsibilities

• Perform bank reconciliation and cash matching.
• Administer income ledgers and process payments.
• Monitor credit risk and manage multi-company ledger.

Skills

Attention to detail

Good communication

Time management

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Northampton

Client:

Next Employment Ltd

Location:

Northampton, 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 an IBA Technician for our growing insurance brokerage.

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

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 knowledge of banking systems for payments
• Accurate record keeping using our electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised brokerage
• Producing intracompany reports and schedules
• Resolving queries related to receipts of unexpected or unidentified funds
• Responding to queries from clients and underwriters
• Coordinating with international offices and providing IBA support
• Managing tasks in a multi-currency and multi-company ledger

Requirements:

• 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