IBA Technician Account Handler

The Recruiter Ltd; Tendring; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance firm in the UK is seeking an Operations professional to manage IBA responsibilities. This role includes ensuring accurate settlements and collections, maintaining ledgers, and liaising with overseas offices. The ideal candidate will have strong communication skills and knowledge of the Lloyds Market with IBA reconciliation experience. The position offers hybrid working and an excellent salary and benefits package.

Benefits

Excellent salary

Benefits package

Hybrid working opportunity

Qualifications

• Clear and concise communication is vital.
• Good knowledge of Insurance in the Lloyds Market.
• Experience with IBA reconciliations is essential.

Responsibilities

• Fulfil all IBA responsibilities as part of the Operations team.
• Ensure timely collection/settlement to and from customers.
• Assist Overseas offices in the collection and settlement of funds.

Skills

Clear communication

Knowledge of Insurance in Lloyds Market

IBA reconciliation experience

Job description

Job Type: Permanent

Job Overview

This Insurer is leading the way in their business transformation. This is an opportunity to be an integral member of the team, with exciting career opportunities. With offices in London, the U.S. and Asia Pacific.

Responsibilities

• Fulfil all IBA responsibilities as part of the Operations team, including maintenance and day-to-day handling of the IBA ledgers, both Client & Underwriting.
• Ensure timely collection/settlement to and from customers and supporting markets of the Overseas offices.
• Assist Overseas offices in the collection and settlement of funds to/from clients.
• Ensure settlement and collection of funds from/to syndicate.
• Responsibility for claim settlements paid to brokers and the reconciliation of syndicate funds.
• Responsibility for the accurate modification of reference data within the accounting system Enterprise Accounts (EA).
• Assist the team and IBA Manager to ensure month-end processes are run as planned, reviewing data accuracy and report generation.
• Liaise with the associated affiliated office to ensure their records are updated to reflect any amendments as required.
• Ensure the accurate modification of processed data by the technical team is completed as required.

Requirements

• Clear and concise communication is vital.
• Good knowledge of Insurance in the Lloyds Market.
• IBA reconciliation experience essential.
• Understanding of Slips, associated Endorsements and Closings.
• Understanding of premium calculation from broker documentation.

Offering hybrid working, excellent salary and benefits package. We are an equal opportunities employer and welcome applications from all qualified candidates.

Please submit your CV for consideration if you feel that you have the relevant experience and skills.