IBA Insurance Broking Accounts Technician

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

Job summary

A leading insurance brokerage in Swindon is looking for an IBA Technician to support their Finance and Technical Processing team. The role involves managing multi-currency ledgers, performing bank reconciliations, and ensuring compliance with insurance regulations. Candidates must have at least 2 years of relevant experience and strong attention to detail.

Qualifications

• At least 2 years of experience in an IBA role.
• Knowledge of client money rules and legal principles in insurance.
• Good communication skills with problem-solving ability.

Responsibilities

• Performing bank reconciliation and cash matching.
• Administering income ledger and preparing premium payments.
• Resolving queries related to unexpected funds.

Skills

Attention to detail

Problem-solving

Communication

Time management

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Swindon, Wiltshire

Client:

Next Employment Ltd

Location:

Swindon, Wiltshire, United Kingdom

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:

We are hiring a new IBA Technician for our growing insurance brokerage. Due to expansion, a new role has been created to support the activities of 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
• Bank reconciliations and knowledge of banking systems for payments
• Accurate record keeping using our electronic data management system
• Monitoring credit risk, funding, unallocated cash, and unrealised brokerage
• Producing intracompany reports and schedules
• Resolving queries related to receipts of unexpected or unidentified funds
• Handling queries from clients and underwriters
• Liaising with international offices and providing IBA support
• Managing tasks on a multi-currency and multi-company ledger

Requirements:

• At least 2 years of experience in an IBA role
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills with problem-solving ability
• Time management skills to meet deadlines without compromising quality