IBA Insurance Broking Accounts Technician

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

Job summary

A leading company in the insurance field is expanding and seeks an experienced IBA Technician to join their team in Oxford. In this role, you will perform bank reconciliations, manage financial records, and liaise between clients and underwriters while ensuring compliance with client money rules. The opportunity requires strong attention to detail, excellent communication skills, and a proactive approach to problem-solving.

Qualifications

• At least 2 years of experience in an IBA role.
• Knowledge of client money rules and legal principles applicable to insurance.
• Ability to manage time, prioritize, and meet deadlines without compromising quality.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Resolving queries related to unexpected or unidentified funds.

Skills

Attention to detail

Communication skills

Time management

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Oxford District

Client:

Next Employment Ltd

Location:

Oxford District, 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 a new IBA Technician for our growing Insurance Brokerage team.

Due to expansion, a new role 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 for payments
• Accurate record keeping using our internal electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised Brokerage
• Producing intracompany reports and associated schedules
• Resolving queries related to 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
• 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