IBA Technician

Harrison Holgate; City Of London; On-site; GBP 35,000 - 45,000; Full time

Job summary

A growing Lloyd's broker in the City of London is recruiting for an IBA Technician to handle bank reconciliations, income ledger administration, and support international offices. The ideal candidate has IBA experience, strong Excel skills, and the ability to thrive in a fast-paced environment. This role involves managing multi-currency ledgers and ensuring compliance with client money rules.

Responsibilities

• Perform bank reconciliations and cash matching.
• Administer income ledgers and process premium, commission and claims payments.
• Monitor credit risk, funding, unallocated cash, un-forwarded balances and unrealised brokerage.
• Produce intracompany reports and related schedules.
• Resolve queries regarding receipts of unexpected or unidentified funds.
• Provide IBA support to international offices; handle ad hoc duties in a multi-currency, multi-company ledger environment.

Skills

Experience in an IBA role

Working knowledge of client money rules and legal principles

Strong Excel skills

Ability to work in a busy, fast-paced environment

Job description

Overview

A growing Lloyd’s broker is recruiting for an IBA Technician to fill a newly created role within their team following a period of sustained growth. Reporting to the IBA Manager, the successful applicant will be responsible for bank reconciliations and cash matching, income ledger administration, preparation and processing of premium, commission and claims payments, monitoring credit risk, funding, unallocated cash, un-forwarded balances and unrealised Brokerage, production of intracompany reports and associated schedules, query resolution in relation to receipts of unexpected or unidentified funds, liaison with international offices providing IBA support plus any other ad hoc duties required when working on a multi-currency and multi company ledger.

Responsibilities

• Perform bank reconciliations and cash matching.
• Administer income ledgers and process premium, commission and claims payments.
• Monitor credit risk, funding, unallocated cash, un-forwarded balances and unrealised brokerage.
• Produce intracompany reports and related schedules.
• Resolve queries regarding receipts of unexpected or unidentified funds.
• Provide IBA support to international offices; handle ad hoc duties in a multi-currency, multi-company ledger environment.

Qualifications

• Experience in an IBA role.
• Working knowledge of client money rules and legal principles.
• Strong Excel skills.
• Ability to work in a busy, fast-paced environment.