At a Glance
- Tasks: Manage underwriter cash and ensure accurate premium and claims settlements.
- Company: Dynamic broking platform with a focus on compliance and financial accuracy.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Opportunity to work in a supportive team and develop your career in finance.
- Why this job: Join a fast-paced environment where your financial skills make a real difference.
- Qualifications: Strong financial discipline and excellent communication skills required.
The predicted salary is between 40000 - 50000 £ per year.
The IBA Technician is responsible for the day-to-day management of underwriter cash, ledgers and bureau settlements within our clients 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.
IBA Technician employer: Asset Resourcing
As an IBA Technician at our London operation, you will join a dynamic team that values financial discipline and effective communication. We offer a hybrid working model, competitive salary, and a supportive work culture that fosters professional growth and development. Our commitment to compliance and excellence ensures that you will be part of a reputable organisation where your contributions are recognised and rewarded.
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 knowledge and communication skills. Be ready to discuss how you would handle specific scenarios related to underwriter cash management and ledger reconciliation.
✨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, like the IBA Technician position.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. It’s a small gesture that can make a big difference.
We think you need these skills to ace IBA Technician
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience that matches the IBA Technician role. We want to see how your skills in financial management and communication can shine through!
Craft a Compelling Cover Letter:Your cover letter is your chance to tell us why you're the perfect fit for this position. Share specific examples of how you've successfully managed cash and resolved queries in the past.
Showcase Your Attention to Detail:Since the role involves managing ledgers and ensuring compliance, it's crucial to demonstrate your attention to detail. Mention any experiences where accuracy was key to your success.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Asset Resourcing
✨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 responsibilities in the past and any specific software you've used, especially Acturis.
✨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 financial information in previous roles. Think about times when you had to explain discrepancies or negotiate terms.
✨Demonstrate Compliance Knowledge
Understanding compliance is crucial for this position. Familiarise yourself with trust account regulations and underwriter agreement requirements. Be prepared to discuss how you've ensured compliance in your previous roles and any challenges you faced.
✨Showcase Problem-Solving Skills
In this role, you'll need to match and allocate funds accurately. Think of instances where you've successfully resolved issues related to financial discrepancies or ledger maintenance. Highlight your analytical skills and how you approach problem-solving in a structured manner.
