IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage firm is seeking an IBA Technician in Plymouth to support finance operations. The position involves managing bank reconciliations, handling multi-currency ledgers, and collaborating across offices while requiring at least 2 years of IBA experience. Candidates must demonstrate attention to detail and effective communication skills.

Qualifications

• Minimum 2 years experience in an IBA role.
• Knowledge of client money rules and legal principles.
• Ability to prioritize tasks and meet deadlines.

Responsibilities

• Perform bank reconciliation and cash matching.
• Administer income ledger and process payments.
• Collaborate with international offices for IBA support.

Skills

Attention to detail

Communication skills

Time management

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Plymouth

Client:

Next Employment Ltd

Location:

Plymouth, 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 for a new role of IBA Technician at a growing insurance brokerage firm.

Due to expansion, an additional IBA Technician is needed to support the activities of the Finance and Technical Processing team.

The responsibilities include:

• Bank reconciliation and cash matching
• Income ledger administration, including posting to IBS
• Preparation and processing of premium, commission, and claims payments
• Knowledge of banking systems for premium, commission, and claims payments
• Accurate record keeping using our electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized brokerage
• Producing intracompany reports and schedules
• Resolving queries related to receipts of unexpected or unidentified funds
• Addressing queries from clients and underwriters
• Collaborating with international offices and providing IBA support
• Handling tasks on multi-currency and multi-company ledgers

Requirements include:

• 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 tasks, and meet deadlines without compromising quality