IBA Insurance Broking Accounts Technician

JR United Kingdom; Stoke-on-Trent; On-site; GBP 25,000 - 35,000; Full time

Job summary

A growing insurance brokerage in Stoke-on-Trent is hiring an IBA Technician to support its Finance and Technical Processing team. This role involves key responsibilities in bank reconciliation, multi-currency tasks, and ensuring compliance with client money rules. The ideal candidate will have a minimum of 2 years experience in an IBA role and strong attention to detail.

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.
• Managing tasks in a multi-currency and multi-company ledger environment.

Skills

Attention to detail

Good communication skills

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Stoke-on-Trent

Client:

Next Employment Ltd

Location:

Stoke-on-Trent, 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 a growing insurance brokerage. Due to expansion, an additional role has been created to support the Finance and Technical Processing team.

Responsibilities 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 our internal 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:

• 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 with the ability to understand problems and propose solutions
• Ability to manage time effectively, prioritize tasks, and meet deadlines without compromising quality