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IBA Insurance Broking Accounts Technician, Wakefield
Client: Next Employment Ltd
Location: Wakefield, 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, an additional role has been created 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 related to receipts of unexpected or unidentified funds
* Query resolution from clients and underwriters
* Liaison with international offices and providing IBA support
* Handling 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 effective solutions
* Ability to manage time, prioritize tasks, and meet deadlines without compromising quality
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