IBA Insurance Broking Accounts Technician

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

Job summary

A prominent insurance brokerage is seeking an IBA Technician to join their expanding team in Stockport. The role involves various duties such as financial reconciliations, payment processing, and maintaining accurate records, while adhering to compliance regulations. Candidates must possess at least two years of experience in IBA and strong communication skills to effectively handle queries and coordinate with international offices.

Qualifications

• At least 2 years of experience in an IBA role.
• Working 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.
• Producing intracompany reports and schedules.

Skills

Attention to detail

Good communication skills

Time management

Job description

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IBA Insurance Broking Accounts Technician, Stockport

Client: Next Employment Ltd

Location: Stockport, 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 for an IBA Technician at a growing insurance brokerage.

Due to expansion, an additional IBA Technician is needed to support 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 for 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 unrealized brokerage
• Producing intracompany reports and schedules
• Resolving queries related to unexpected or unidentified funds
• Resolving queries from clients and underwriters
• Coordinating with international offices and providing IBA support
• Handling tasks on multi-currency and multi-company ledgers

Requirements:

• At least 2 years of experience in an IBA role
• Working knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills, with the ability to understand problems and propose solutions
• Ability to manage time, prioritize, and meet deadlines without compromising quality