At a Glance
- Tasks: Manage underwriter cash and ensure accurate premium and claims settlements.
- Company: Dynamic broking platform with a hybrid work model.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Other info: Great career progression opportunities in a supportive team.
- Why this job: Join a fast-paced environment and make a real impact in the finance sector.
- Qualifications: Strong financial skills and excellent communication abilities.
The predicted salary is between 30000 - 40000 £ per year.
The IBA Technician is responsible for the day-to-day management of underwriter cash, ledgers and bureau settlements within our client’s London operation. The role ensures that premiums and claims monies are matched, allocated and released to the Lloyd's bureau and company markets accurately and on time, and that JCG remains fully compliant with trust account and underwriter agreement requirements. The successful candidate will combine strong financial discipline with the communication skills needed to resolve queries directly with underwriters and to support brokers across the business.
Key Responsibilities:
- Match underwriter funds, including claims collected, and pay underwriters in line with agreed settlement terms.
- Release entries to the bureau through delinking from the daily paid report.
- Maintain and reconcile underwriter ledgers, including legacy UW entries.
- Allocate incoming claims cash and collect claim payments from insurers.
- Issue monthly statements to underwriters, seek agreement for payment and update the monthly report.
- Respond to underwriter queries on statements and outstanding premiums, prioritising Notices of Cancellation (NOCs).
- Review unmatched cash on UW accounts and work proactively to clear it down.
- Review funded items to ensure nothing is outstanding.
IBA Technician employer: Asset Resourcing Limited
As an IBA Technician at our London HQ, you will thrive in a dynamic and supportive work environment that values financial accuracy and effective communication. We offer a hybrid working model, competitive remuneration, and opportunities for professional growth within the insurance sector, ensuring that you can develop your skills while contributing to a team dedicated to excellence and compliance.
StudySmarter Expert Advice🤫
We think this is how you could land IBA Technician
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working as IBA Technicians. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your financial discipline and communication skills. Be ready to discuss how you’d handle underwriter queries or reconcile ledgers – real-life examples will make you stand out!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and match your skills – it’s all about finding the right fit!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you fresh in their minds. Plus, it shows your enthusiasm for the role and helps build a connection with the hiring team.
We think you need these skills to ace IBA Technician
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the IBA Technician role. Highlight your experience with financial management, underwriter cash handling, and any relevant software skills. We want to see how your background aligns with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your skills can benefit us at StudySmarter. Don’t forget to mention your communication skills and ability to resolve queries – they’re key for this position!
Showcase Your Attention to Detail:As an IBA Technician, attention to detail is crucial. In your application, provide examples of how you've successfully managed ledgers or reconciled accounts in the past. We love candidates who can demonstrate their meticulous nature!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Asset Resourcing Limited
✨Know Your Numbers
As an IBA Technician, you'll be dealing with financial data daily. Brush up on your understanding of cash management, ledgers, and bureau settlements. Be ready to discuss how you've handled similar tasks in the past and demonstrate your numerical proficiency.
✨Communication is Key
This role requires strong communication skills to resolve queries with underwriters and support brokers. Prepare examples of how you've effectively communicated complex information in previous roles. Think about times when you’ve had to clarify financial discrepancies or negotiate terms.
✨Be Detail-Oriented
Attention to detail is crucial in this position. During the interview, highlight your experience with maintaining and reconciling ledgers. Share specific instances where your meticulous nature helped prevent errors or improved processes.
✨Show Your Proactivity
The job involves reviewing unmatched cash and proactively clearing it down. Be prepared to discuss how you've taken initiative in past roles to identify and solve problems before they escalated. This will show that you're not just reactive but also proactive in your approach.
