IBA Technician

Brown & Brown Insurance; Greater London; On-site; GBP 28,000 - 36,000; Full time

Job summary

Brown & Brown Insurance in London is seeking an IBA Technician on a 6-month contract to support the IBA function and balance workload across financial processes. The role emphasizes accuracy, efficiency, and smooth service delivery in daily operations.

You will handle accounts receivable, accounts payable, reporting, and month-end tasks while liaising with brokers and underwriters to resolve discrepancies. This is a temporary, target-driven position requiring keen attention to detail.

Qualifications

• Experience in an IBA or insurance finance role.
• Lloyd's / London Market knowledge.
• Experience with reconciliation processes.
• Familiarity with RiskServe or similar systems.
• Strong written and verbal communication skills.

Responsibilities

• Match and allocate daily cash receipts within RiskServe against open items.
• Reconcile bordereaux against cash received and identify variances.
• Investigate and resolve unmatched and unallocated cash balances.
• Liaise with brokers, clients, and underwriting teams to resolve discrepancies.
• Raise journals in RiskServe to reflect adjustments.
• Issue PPW invoices following technical processing.
• Monitor and clear aged balances over 59 days.
• Process Lloyd’s and LIRMA bureau cash.
• Match, allocate, and submit bureau cash entries in RiskServe.
• Ensure timely claims payments.
• Prepare weekly remittance advices and distribute to agents.
• Process non-bureau settlements with underwriters.
• Match and allocate underwriting transactions.
• Ensure timely settlement of balances.
• Produce PPW, aged debt, and unallocated cash reports.
• Support debt chasing and escalation.
• Perform daily bank reconciliations.
• Reconcile cashbooks to bank statements.
• Complete bank reconciliations in RiskServe.
• Investigate aged debt (59 to 120+ days).
• Ensure accurate month-end postings.
• Maintain contact records.
• Ensure audit trails are complete.
• Respond to queries promptly.
• Audit Support.

Skills

IBA experience

Lloyd's / London Market knowledge

Reconciliation skills

RiskServe experience

Strong communication

Tools

RiskServe

Job description

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Role: IBA Technician (6 month contract)

Location: London

Salary: negotiable

Summary:

As the business continues to grow, we are creating a temporary (6-month) IBA Technician position to support the IBA function and help balance the current workload. This role will play an important part in supporting day-to-day operations and ensuring accuracy, efficiency, and service delivery across financial processes.

Key Responsibilities:

Accounts Receivable (Premiums / Cash Application)

• Match and allocate daily cash receipts within RiskServe against open items.
• Reconcile bordereaux against cash received and identify variances.
• Investigate and resolve unmatched and unallocated cash balances.
• Liaise with brokers, clients, and underwriting teams to resolve discrepancies.
• Raise journals in RiskServe to reflect adjustments.
• Issue PPW invoices following technical processing.
• Monitor and clear aged balances over 59 days.

Accounts Payable – Claims

• Process Lloyd’s and LIRMA bureau cash.
• Match, allocate, and submit bureau cash entries in RiskServe.
• Ensure timely claims payments.
• Prepare weekly remittance advices and distribute to agents.

Accounts Payable – Underwriting

• Process non-bureau settlements with underwriters.
• Match and allocate underwriting transactions.
• Ensure timely settlement of balances.

Reporting & Credit Control

• Produce PPW, aged debt, and unallocated cash reports.
• Support debt chasing and escalation.
• Perform daily bank reconciliations.

Month-End Responsibilities

• Reconcile cashbooks to bank statements.
• Complete bank reconciliations in RiskServe.
• Investigate aged debt (59 to 120+ days).
• Ensure accurate month-end postings.

Housekeeping & Adhoc

• Maintain contact records.
• Ensure audit trails are complete.
• Respond to queries promptly.
• Audit Support

Skills & Experience

• Experience in IBA or insurance finance role.
• Knowledge of Lloyd's / London Market.
• Strong reconciliation skills.
• Experience with RiskServe or similar systems.
• Strong communication skills.

Key Competencies

• Attention to detail
• Strong organization
• Proactive approach
• Team collaboration

We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.