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, and opportunities for growth.
- Other info: Temporary role with potential for future opportunities.
- Why this job: Join a growing team and make a real impact in finance.
- 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)
Location: London
Salary: negotiable
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 RiskServe 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 RiskServe 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 RiskServe.
- 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 RiskServe.
- 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 RiskServe 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 employer: Brown & Brown, Inc.
Brown & Brown, Inc. is an excellent employer that values its employees by fostering a supportive work culture and providing ample opportunities for professional growth. Located in Borehamwood, the company offers competitive benefits including 23 days of holiday and private health care, ensuring a healthy work-life balance while empowering team members to excel in their roles.
