IBA Insurance Broking Accounts Technician

JR United Kingdom; Telford; On-site; GBP 27,000 - 37,000; Full time

Job summary

A rapidly growing insurance brokerage in Telford is seeking an IBA Technician. This pivotal role involves supporting finance operations, including bank reconciliations and payment processing. Candidates should have at least 2 years of relevant experience and possess strong communication and time management skills.

Qualifications

• At least 2 years of experience in an IBA role.
• Knowledge of client money rules and legal principles in insurance.

Responsibilities

• Support Finance and Technical Processing team with bank reconciliations.
• Administer income ledger and process insurance payments.
• Monitoring credit risk and addressing client queries.

Skills

Attention to detail

Communication

Time management

Job description

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IBA Insurance Broking Accounts Technician, Telford

Client: Next Employment Ltd

Location: Telford, 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. This role has been created due to expansion and involves supporting 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 facilitate payments
• Accurate record keeping using our 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
• Addressing queries from clients and underwriters
• Coordinating with international offices and providing IBA support
• Handling tasks in a multi-currency and multi-company ledger environment

Requirements include:

• 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
• Effective time management, prioritization, and meeting deadlines without compromising quality