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IBA Insurance Broking Accounts Technician, West Midlands
Client: Next Employment Ltd
Location: West Midlands
Job Category: Other
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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 a growing insurance brokerage.
Due to expansion, a new role has been created for an additional IBA Technician to support the activities of the Finance and Technical Processing team.
You will be involved in:
* 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 enable premium, commission, and claims payments
* Accurate record keeping using our internal electronic data management system
* Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized brokerage
* Production of intracompany reports and associated schedules
* Query resolution regarding receipts of unexpected or unidentified funds
* Query resolution from clients and underwriters
* Liaison with our international offices and providing IBA support
* Undertaking 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 applicable to insurance
* Attention to detail and accuracy
* Good communication skills, with the ability to understand problems and propose appropriate solutions
* Ability to manage time, prioritize tasks, and meet deadlines without compromising quality
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