IBA Insurance Broking Accounts Technician

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

Job summary

A leading insurance broker in Worcester is seeking an IBA Technician due to growth within its Finance and Technical Processing team. This role involves managing financial reconciliations, ensuring compliance with client money rules, and liaising with international offices to streamline processes. The ideal candidate will have at least 2 years of relevant experience and the ability to handle multiple tasks in a dynamic environment.

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.
• Liaison with international offices and providing IBA support.

Skills

Attention to detail

Good communication skills

Ability to manage time

Job description

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IBA Insurance Broking Accounts Technician, Worcester

Client: Next Employment Ltd

Location:

Worcester, 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 unrealized Brokerage
• Production of intracompany reports and associated schedules
• Query resolution related to receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison with international offices and providing IBA support
• Undertake tasks on a multi-currency and multi-company ledger

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, prioritize, and meet deadlines without compromising quality