Junior IBA Technician

Harrison Holgate; City Of London; On-site; GBP 28,000 - 35,000; Full time

Job summary

A reputable Lloyds Insurance Broker is seeking a Junior IBA Technician to join their team in London. The role involves ensuring accurate brokerage income release, credit control, and account reconciliations. Ideal candidates should have a minimum of two years of IBA experience, proficient communication and computer skills, and familiarity with insurance processing systems. This position offers an opportunity to work in a dynamic environment.

Qualifications

• At least two years of IBA experience.
• Strong communication skills.
• Excellent computer skills, confident in using insurance systems.

Responsibilities

• Ensure brokerage income is accurately released under FCA client money rules.
• Credit control and rendering monthly statements.
• Conduct detailed account reconciliations.

Skills

Communication skills

Computer skills

Insurance market processing systems

Tools

Microsoft Word

Microsoft Excel

Job description

A Lloyd’s Insurance Broker is recruiting for a Junior IBA Technician to work alongside the current IBA team.

Reporting to the IBA Team Leader you will ensure brokerage income is released from client money to the company in a highly accurate and precise manner under FCA client money rules. You will also work with 3rd parties to resolve queries and help support the efficient running of the insurance systems used in the business.

Specific duties will include:

• Credit Control
• Rendering monthly statements to clients and underwriters
• Detailed account reconciliations and recovering balances
• Bank account reconciliations for multiple currencies
• Maintaining cashbooks
• Lloyds/ILU/LIRMA Reconciliations
• Monthly, weekly & ad hoc reporting

Suitable applicants must have at least two years of IBA experience combined with strong communication skills, excellent computer skills including word and excel, and be confident using insurance market processing systems.

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