IBA Insurance Broking Accounts Technician

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

Job summary

A growing Insurance Brokers team in Slough is looking for an IBA Technician to support Finance and Technical Processing activities. Responsibilities include managing reconciliations, processing payments, and liaising with clients and international offices. The ideal candidate will have at least 2 years of relevant experience and a strong attention to detail.

Qualifications

• At least 2 years of experience in an IBA role.
• Knowledge of client money rules and legal principles for insurance.
• Ability to propose solutions to problems.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Query resolution from clients and underwriters.

Skills

Attention to detail

Good communication skills

Time management

Job description

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IBA Insurance Broking Accounts Technician, Slough

Client: Next Employment Ltd

Location: Slough, 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 Brokers team.

Due to expansion, a new role has been created for an additional IBA Technician 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 to enable premium, commission, and claims payments
• Accurate record keeping using our internal electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised brokerage
• Production of intracompany reports and associated schedules
• Query resolution regarding receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison with international offices and providing IBA support
• Undertaking tasks on a multi-currency and multi-company ledger

Requirements 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
• Good communication skills and the ability to understand problems and propose solutions
• Ability to manage time, prioritize, and meet deadlines without compromising quality