IBA Technician

Kentro Capital; Greater London; On-site; GBP 30,000 - 50,000; Full time

Job summary

Join a dynamic and innovative firm as an IBA Technician, where you will play a crucial role in the Credit Control Team. This exciting opportunity offers a chance to work on the preparation and reconciliation of Premium Bank Accounts and Bordereaux. You will be responsible for managing outstanding debts, ensuring accurate financial reporting, and collaborating closely with technical divisions. If you are detail-oriented, organized, and have a passion for finance, this position is perfect for you. Enjoy a supportive environment that values your contributions and fosters professional growth.

Qualifications

• Minimum 2 A-levels in Maths or a similar field.
• Proven track record in an IBA or similar role.

Responsibilities

• Manage outstanding debt and balance cashbooks for Premium Bank Accounts.
• Prepare monthly Premium Paid Bordereaux and ensure timely reporting.
• Liaise with technical teams and brokers for payment requests.

Skills

Microsoft Office

Excel (v lookups, pivot tables)

Timely Decision Making

Organizational Skills

Interpersonal Skills

Education

A-levels in Maths

Job description

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Recruiting Talented Insurance Professionals

Working with the Credit Control Team Leader the IBA Technician will be responsible for the preparation and reconciliation of all Premium Bank Accounts and Bordereaux. This role is a 6-12 month Fixed Term Contract and has accountability for ensuring information is accurate and produced in a timely and efficient manner.

Responsibilities:

• Responsible for the collection and management of outstanding debt as per agreed procedures
• Responsible for the balancing of cashbooks for Premium Bank Accounts.
• Render any statements in a timely fashion
• To allocate receipts and payments posted, investigate differences and liaise with the technical team and brokers.
• Ensure payment requests are prepared accurately and efficiently.
• Review bank reconciliations on a daily basis and deal with queries.
• Maintain and monitor the Insurers log on a regular basis.
• Production of month end bordereau for review and submission to carriers
• To work closely with the technical divisions to perform credit control functions.
• To ensure outstanding accounts are chased where necessary by e/mail, and telephone for UK and overseas clients according to Company procedures.
• Responsible for the management and reporting of aged creditors and unallocated cash.
• Preparation of the Monthly Premium Paid Bordereaux.
• Agreement and settlement of the bordereaux; including investigating queries and amendments with the technical teams.
• To provide other general finance support as and when required

Experience:

Qualifications:

• Ideally educated to A-level standard or equivalent with a minimum 2 A’levels in Maths or a similar field

Skills:

• Experience of using all Microsoft Office packages.
• Ideally will have advanced knowledge of Excel including ability to use and create v lookups and pivot tables
• Previous experience and a proven track record in the same of similar role would be ideal
• Timely Decision Making
• Quality when making decisions and the explain rationale
• Able to organise self, plan workload and meet deadlines
• Drive for results with perseverance and action orientated
• Approachable and able to interact with different levels of people and management

Knowledge/Experience:

• Proven track record in an IBA or similar role
• Knowledge of the financial services sector
• Ideally experience of working in MGA or similar environment.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and General Business

• Industries

  Insurance

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