Senior IBA Technician

Harrison Holgate; City Of London; On-site; GBP 40,000 - 55,000; Full time

Job summary

An established Lloyd’s Insurance Broker is looking for a Senior IBA Technician in London. This role involves releasing brokerage income under FCA rules and handling credit control and reconciliations. The ideal candidate will have at least two years of IBA experience and strong computer skills. This position offers a chance to work within a specialist team in the insurance sector.

Qualifications

• Minimum of two years of IBA experience.
• Strong communication skills.
• Excellent computer skills, including Word and Excel.

Responsibilities

• Ensure brokerage income is released accurately under FCA client money rules.
• Render monthly statements to clients and underwriters.
• Conduct detailed account reconciliations and recover balances.

Skills

Credit Control

High attention to detail

Communication skills

Computer skills

Insurance market processing systems

Tools

Word

Excel

Job description

Senior IBA Technician

A Lloyd’s Insurance Broker is recruiting for a Senior 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 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, and 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.

As true market specialists we work in partnership with our candidates and clients, delivering unrivalled market knowledge and insight. Driven by our passion to become the partner of choice we offer tailored advice and guidance ...