IBA Insurance Broking Accounts Technician

JR United Kingdom; Shrewsbury; On-site; GBP 28,000 - 35,000; Full time

Job summary

A growing insurance brokerage is seeking an IBA Technician to join their finance and technical processing team in Shrewsbury. This role involves various financial tasks such as bank reconciling, premium processing, and managing international collaborations. Candidates should possess at least 2 years of IBA experience and strong communication skills to handle client queries effectively.

Qualifications

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

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Collaborating with international offices and providing IBA support.

Skills

Attention to detail

Communication

Time management

Job description

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IBA Insurance Broking Accounts Technician, Shrewsbury

Client: Next Employment Ltd

Location: Shrewsbury, 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. Due to expansion, an additional IBA Technician is needed to support the Finance and Technical Processing team.

Your responsibilities will 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 internal electronic data management systems
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized brokerage
• Producing intracompany reports and schedules
• Resolving queries related to unexpected or unidentified funds
• Handling queries from clients and underwriters
• Collaborating with international offices and providing IBA support
• Managing tasks across multi-currency and multi-company ledgers

Qualifications include:

• 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
• Excellent communication skills with the ability to understand problems and propose solutions
• Effective time management and prioritization skills to meet deadlines without compromising quality