IBA Insurance Broking Accounts Technician

JR United Kingdom; Nottingham; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading insurance brokerage is looking for an IBA Technician in Nottingham, responsible for supporting Finance and Technical Processing activities. The role involves banking tasks, premium accounting, and collaboration with international teams. Ideal candidates must have at least 2 years of experience in a similar role and possess strong communication and organizational skills.

Qualifications

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

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

Communication skills

Job description

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IBA Insurance Broking Accounts Technician, Nottingham

Client: Next Employment Ltd

Location: Nottingham, United Kingdom

Job Category: Other

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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 regarding 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 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