IBA Insurance Broking Accounts Technician

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

Job summary

A leading company in the insurance industry seeks an IBA Technician to join their expanding Finance and Technical Processing team in Stevenage. The ideal candidate will possess at least 2 years of experience in an IBA role, demonstrating strong attention to detail, effective communication, and problem-solving skills. You will be responsible for monitoring financial transactions, maintaining accurate records, and liaising with international offices to support their IBA activities.

Qualifications

• At least 2 years of experience within an IBA role.
• Working knowledge of client money rules and legal principles applicable to insurance.
• Ability to manage time and ensure deadlines are met.

Responsibilities

• Involved in bank reconciliation and cash matching.
• Administer income ledger and prepare premium, commission, and claims payments.
• Produce intracompany reports and handle query resolutions.

Skills

Attention to detail

Good communication skills

Problem-solving

Job description

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IBA Insurance Broking Accounts Technician, Stevenage

Client: Next Employment Ltd

Location:

Job Category:

Other

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EU work permit required:

Yes

Job Views:

4

Posted:

06.06.2025

Expiry Date:

21.07.2025

Job Description:

NEW ROLE FOR IBA Technician for growing Insurance Brokers.

Due to expansion, a new role for an additional IBA Technician to support the activities of the Finance and Technical Processing team has been created.

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 related to receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison with our international offices and providing IBA support
• Undertake tasks and responsibilities on a multi-currency and multi-company ledger

You will need:

• At least 2 years of experience within 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 and desire to understand problems and propose appropriate solutions that achieve the desired outcome
• Ability to manage time, prioritize, and ensure deadlines are met without compromising on quality