IBA Insurance Broking Accounts Technician

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

Job summary

A growing insurance brokerage firm in York is seeking an IBA Insurance Broking Accounts Technician. This role involves supporting the Finance and Technical Processing team through various accounting tasks, including bank reconciliations and managing multi-currency ledgers. Candidates should have at least 2 years of relevant experience 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.
• Producing intracompany reports and associated schedules.
• Liaising with international offices and providing IBA support.

Skills

Attention to detail

Good communication skills

Time management

Job description

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IBA Insurance Broking Accounts Technician, York

Client: Next Employment Ltd

Location: York

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 our growing insurance brokerage firm.

Due to expansion, a new role 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
• Maintaining accurate records using our internal electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized brokerage
• Producing intracompany reports and associated schedules
• Resolving queries related to receipt 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
• 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