Insurance Broker Accounting Administrator

Cream Soda Recruitment; Bolton; On-site; GBP 60,000 - 80,000; Full time

Job summary

A recruitment agency in Bolton is seeking a candidate for a financial accounting role focused on managing IBA accounts. You will be responsible for chasing overdue balances, setting up payments for clients and insurers, and ensuring accurate record-keeping. The ideal candidate will possess strong numeracy skills, attention to detail, and good communication abilities. This position offers an opportunity to work within a dynamic team environment while meeting internal KPIs.

Qualifications

• Understanding of financial accounting processes.
• Applicable company specific procedures.

Responsibilities

• Chase overdue IBA balances due to the Company.
• Setting up payments to clients and insurers.
• Reconciliation and payment of underwriter accounts.
• Account query resolution including liaising with technical departments.
• Provide cover for other IBA staff if they are away.
• Maintenance of accurate accounting records.
• Undertake any other related duties.

Skills

Understanding of financial accounting processes

Applicable company specific procedures

Job description

Reporting

You will report directly to the IBA Team Leader

Role

• Chase overdue IBA balances due to the Company, by phone and email and report any accounts that are causing concern, or where insurers are threatening cancellation.
• Setting up payments to clients, insurers and claim settlements, ensuring banking procedures have been adhered to. Eg verifying bank details, timely banking of receipts and reconciliation of differences.
• Reconciliation and payment of underwriter accounts.
• Account query resolution including liaising with technical departments and the bank on queries raised by clients.
• Provide cover for other IBA staff if they are away. This could include premium finance website and putting clients’ details on the relevant portals for payment of insurance via monthly finance.
• Maintenance of accurate accounting records.
• Undertake any other related duties as may be reasonably required.
• Meeting internal KPI’s.

Key Skills

• Understanding of financial accounting processes.
• Applicable company specific procedures.

Key Attributes

• Persistence in chasing overdue balances.
• Numeracy and accuracy.
• Attention to detail.
• Good communication skills, oral and written.
• Problem solving and analysis.
• Ability to prioritise workload and meet routine departmental deadlines.
• Competent use of standard office IT applications.
• Rapport and good relationship with management, clients and external third parties