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IBA Insurance Broking Accounts Technician, Stevenage
Client: Next Employment Ltd
Location:
Job Category:
Other
-
EU work permit required:
Yes
Job Views:
4
Posted:
06.06.2025
Expiry Date:
21.07.2025
Job Description:
NEW ROLE FOR IBA Technician for growing Insurance Brokers.
Due to expansion, a new role for an additional IBA Technician to support the activities of the Finance and Technical Processing team has been created.
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 unrealised Brokerage
* Production of intracompany reports and associated schedules
* Query resolution related to receipts of unexpected or unidentified funds
* Query resolution from clients and underwriters
* Liaison with our international offices and providing IBA support
* Undertake tasks and responsibilities on a multi-currency and multi-company ledger
You will need:
o At least 2 years of experience within an IBA role
o Working knowledge of client money rules and legal principles applicable to insurance
o Attention to detail and accuracy
o Good communication skills with the ability and desire to understand problems and propose appropriate solutions that achieve the desired outcome
o Ability to manage time, prioritize, and ensure deadlines are met without compromising on quality
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