At a Glance
- Tasks: Support financial processes and ensure accuracy in day-to-day operations.
- Company: Dynamic company with a meritocratic culture that values self-starters.
- Benefits: Negotiable salary, diverse team environment, and valuable experience in finance.
- Other info: Opportunity for professional growth in a supportive and collaborative environment.
- Why this job: Join a growing team and make a real impact in the insurance finance sector.
- Qualifications: Experience in IBA or insurance finance and strong reconciliation skills.
The predicted salary is between 31500 - 38500 £ per year.
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
Role: IBA Technician (6 month contract)
Summary
As the business continues to grow, we are creating a temporary (6-month) IBA Technician position to support the IBA function and help balance the current workload.
This role will play an important part in supporting day-to-day operations and ensuring accuracy, efficiency, and service delivery across financial processes.
Key Responsibilities
- Accounts Receivable (Premiums / Cash Application)
- Match and allocate daily cash receipts within Risk Serve against open items.
- Reconcile bordereaux against cash received and identify variances.
- Investigate and resolve unmatched and unallocated cash balances.
- Liaise with brokers, clients, and underwriting teams to resolve discrepancies.
- Raise journals in Risk Serve to reflect adjustments.
- Issue PPW invoices following technical processing.
- Monitor and clear aged balances over 59 days.
- Accounts Payable – Claims
- Process Lloyd’s and LIRMA bureau cash.
- Match, allocate, and submit bureau cash entries in Risk Serve.
- Ensure timely claims payments.
- Prepare weekly remittance advices and distribute to agents.
- Accounts Payable – Underwriting
- Process non-bureau settlements with underwriters.
- Match and allocate underwriting transactions.
- Ensure timely settlement of balances.
- Reporting & Credit Control
- Produce PPW, aged debt, and unallocated cash reports.
- Support debt chasing and escalation.
- Perform daily bank reconciliations.
- Month-End Responsibilities
- Reconcile cashbooks to bank statements.
- Complete bank reconciliations in Risk Serve.
- Investigate aged debt (59 to 120+ days).
- Ensure accurate month-end postings.
- Housekeeping & Adhoc
- Maintain contact records.
- Ensure audit trails are complete.
- Respond to queries promptly.
- Audit Support
Skills & Experience
Experience in IBA or insurance finance role.
Knowledge of Lloyd’s / London Market.
- Strong reconciliation skills.
- Experience with Risk Serve or similar systems.
- Strong communication skills.
- Key Competencies
- Attention to detail
- Strong organization
- Proactive approach
- Team collaboration
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
IBA Technician in London employer: Bridge Specialty Group
As a Delegated Authority Technician in our London office, you will thrive in a meritocratic environment that champions self-starters and prioritises customer satisfaction. Our supportive work culture fosters collaboration and offers ample opportunities for professional growth, ensuring you can develop your skills while contributing to the effective management of underwriting agreements. With competitive benefits and a commitment to diversity, we provide a rewarding workplace where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land IBA Technician in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Bridge Specialty Group.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Bridge Specialty Group might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace IBA Technician in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Bridge Specialty Group will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Bridge Specialty Group. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Bridge Specialty Group confidence in your short-term commitment to the role.
How to prepare for a job interview at Bridge Specialty Group
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Bridge Specialty Group.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Bridge Specialty Group that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
