IBA Insurance Broking Accounts Technician

JR United Kingdom; Norwich; On-site; GBP 26,000 - 35,000; Full time

Job summary

A leading company is seeking an IBA Insurance Broking Accounts Technician in Norwich to support their finance and technical processing operations. The role requires expertise in bank reconciliation, income ledger administration, and a minimum of 2 years of experience in an IBA role. Attention to detail and strong communication skills are essential for resolving queries and maintaining accurate records.

Qualifications

• 2+ years experience within an IBA role required.
• Knowledge of client money rules and legal principles applicable to insurance.
• Ability to manage time and prioritize tasks effectively.

Responsibilities

• Conduct bank reconciliations and manage income ledgers.
• Prepare and process premium, commission, and claims payments.
• Liaise with international offices providing IBA support.

Skills

Attention to detail

Good communication

Problem solving

Job description

IBA Insurance Broking Accounts Technician, norwich

Client:

Next Employment Ltd

Location:

Job Category:

Other

-

EU work permit required:

Yes

Job Views:

5

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 on intracompany reports and associated schedules

• Query resolution in relation 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 + 2 years experience within an IBA role and

• Working knowledge of client money rules and legal principles applicable to insurance

• Attention to detail and accuracy

• Good communication with ability and desire to understand problems and propose appropriate solutions that achieve the desired outcome

• Ability to manage time, prioritise and ensure the deadlines are met without compromising on quality

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Created on 06/06/2025 by JR United Kingdom