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IBA Insurance Broking Accounts Technician, Derby
Client: Next Employment Ltd
Location: Derby, United Kingdom
Job Category: Other
EU work permit required: Yes
Job Views:
4
Posted:
06.06.2025
Expiry Date:
21.07.2025
Job Description:
We are hiring a new IBA Technician for our growing Insurance Brokers team.
Due to expansion, a new role has been created to support the activities of the Finance and Technical Processing team.
The responsibilities include:
* Bank reconciliation and cash matching
* Income ledger administration, including posting to IBS
* Preparation and processing of premium, commission, and claims payments
* Bank reconciliations and knowledge of banking systems to facilitate payments
* Accurate record keeping using our electronic data management system
* Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised brokerage
* Producing intracompany reports and schedules
* Resolving queries related to receipts of unexpected or unidentified funds
* Handling queries from clients and underwriters
* Liaising with international offices and providing IBA support
* Managing tasks on a multi-currency and multi-company ledger
Requirements:
* At least 2 years of experience in an IBA role
* Working knowledge of client money rules and legal principles in insurance
* Attention to detail and accuracy
* Good communication skills, with the ability to understand problems and propose solutions
* Time management skills to meet deadlines without compromising quality
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