IBA Insurance Broking Accounts Technician

JR United Kingdom; Sheffield; On-site; GBP 25,000 - 35,000; Full time

Job summary

A growing insurance brokerage is hiring an IBA Technician in Sheffield. The role involves supporting the Finance team in cash matching, premium payments, and managing client money rules. Candidates should have at least two years of relevant experience and strong communication skills.

Qualifications

• At least 2 years of experience in an IBA role.
• Knowledge of client money rules and legal principles in insurance.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Managing tasks in a multi-currency and multi-company ledger environment.

Skills

Attention to detail

Good communication skills

Time management

Job description

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IBA Insurance Broking Accounts Technician, Sheffield, South Yorkshire

Client:

Next Employment Ltd

Location:

Sheffield, South Yorkshire, 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 as an IBA Technician at a growing insurance brokerage. This position supports the Finance and Technical Processing team and involves:

• Bank reconciliation and cash matching
• Income ledger administration, including posting to IBS
• Preparation and processing of premium, commission, and claims payments
• Bank reconciliations and banking system knowledge for payments
• Accurate record keeping using our electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised brokerage
• Producing intracompany reports and 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 in a multi-currency and multi-company ledger environment

Requirements include at least 2 years of experience in an IBA role, knowledge of client money rules and legal principles in insurance, attention to detail, good communication skills, and the ability to manage time effectively to meet deadlines without compromising quality.