IBA Insurance Broking Accounts Technician

JR United Kingdom; Reading; On-site; GBP 30,000 - 45,000; Full time

Job summary

A growing insurance brokerage in Reading seeks an IBA Insurance Broking Accounts Technician to support finance activities. The role involves bank reconciliation, payment processing, and managing records while ensuring compliance with client money rules. Ideal candidates will have at least 2 years of relevant experience and strong attention to detail.

Qualifications

• At least 2 years of experience in an IBA role.
• Working knowledge of client money rules and legal principles applicable to insurance.
• Ability to prioritize tasks and meet deadlines.

Responsibilities

• Perform bank reconciliation and income ledger administration.
• Prepare and process payments for premiums, commissions, and claims.
• Monitor credit risk and manage multi-currency ledgers.

Skills

Attention to detail

Good communication

Job description

Job Title: IBA Insurance Broking Accounts Technician, Reading

Client:

Next Employment Ltd

Location:

Reading, 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 seeking an IBA Technician for a growing insurance brokerage. 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:

1. Bank reconciliation and cash matching
2. Income ledger administration, including posting to IBS
3. Preparation and processing of premium, commission, and claims payments
4. Bank reconciliations and knowledge of banking systems to enable premium, commission, and claims payments
5. Accurate record keeping using our internal electronic data management system
6. Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised brokerage
7. Production of intracompany reports and associated schedules
8. Query resolution related to receipts of unexpected or unidentified funds
9. Query resolution from clients and underwriters
10. Coordination with international offices and providing IBA support
11. Handling tasks on a multi-currency and multi-company ledger

Requirements:

• At least 2 years of experience in 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 to understand problems and propose solutions
• Ability to manage time, prioritize tasks, and meet deadlines without compromising quality