IBA Insurance Broking Accounts Technician

JR United Kingdom; Watford; On-site; GBP 25,000 - 35,000; Full time

Job summary

A leading insurance broking company in Watford seeks an IBA Technician to enhance their Finance and Technical Processing team. The ideal candidate will have substantial experience in bank reconciliation, claims processing, and client money regulations. This role involves various responsibilities crucial to operational efficiency and supports international liaison.

Qualifications

• At least 2 years of experience within an IBA role.
• Working knowledge of client money rules applicable to insurance.

Responsibilities

• Bank reconciliation and cash matching.
• Preparation and processing of premium, commission, and claims payments.
• Production of intracompany reports and associated schedules.

Skills

Attention to detail

Communication skills

Time management

Job description

Social network you want to login/join with:

IBA Insurance Broking Accounts Technician, Watford, Hertfordshire

Client: Next Employment Ltd

Location: Watford, Hertfordshire, United Kingdom

Job Category: Other

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 has been created to support the activities of 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 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 regarding receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison with international offices and providing IBA support
• Undertaking tasks 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 to understand problems and propose solutions
• Ability to manage time, prioritize, and meet deadlines without compromising quality