IBA Ops Technician

IBA Ops Technician

Full-Time 28800 - 43200 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support financial processing and claims management in a fast-paced finance environment.
  • Company: Join a dynamic team at a leading insurance company in London.
  • Benefits: Gain hands-on experience, competitive salary, and opportunities for growth.
  • Why this job: Make an impact in finance while learning from experienced professionals.
  • Qualifications: Exposure to IBA accounting or financial operations is a plus.
  • Other info: Embrace a fun, collaborative culture that values passion and innovation.

The predicted salary is between 28800 - 43200 £ per year.

This new IBA Operations Technician role will provide an excellent opportunity to gain hands-on experience in a dynamic and fast-paced finance environment.

As an IBA Operations Technician, you will support the IBA Operations Team in delivering accurate and timely financial processing, including claims money management, reconciliations, and reporting. You will work closely with senior team members to ensure operational efficiency and compliance with internal procedures.

About the role

The IBA Operations Technician will be responsible for assisting with the administration of loss and non-loss fund monies, including setting up online payments and performing associated tasks such as cash posting and allocation. Other responsibilities will include but are not limited to:

  • Support daily claims reconciliations between carrier and internal systems.
  • Help maintain accurate records of bank transactions and assist in regular reconciliations.
  • Assist in processing third-party commissions and resolving basic anomalies.
  • Support premium reconciliation activities, ensuring consistency between underwriting and accounting systems.
  • Maintain accurate documentation and assist in updating training materials.
  • Participate in team meetings and contribute to continuous improvement initiatives.
About you

To be considered for this IBA Operations Technician you must have experience or exposure to IBA accounting or financial operations within the insurance industry is desirable. You will also have experience with:

  • Familiarity with basic reconciliation processes and financial documentation.
  • Understanding of claims money management and bank account operations is a plus.
  • Intermediate Excel skills.
  • Strong attention to detail and numeracy.
  • Good communication and interpersonal skills.
  • Ability to work effectively as part of a team.
  • Willingness to learn and adapt to new systems and processes.
  • Organised and able to manage multiple tasks under supervision.
  • Proactive and enthusiastic approach to problem-solving.
Core Values

Love what you do: We show up each day ready to take on the world. Our passion and intensity set us apart and makes the difference to our colleagues, customers, brokers and carriers.

Challenge everything: We’re never afraid to question the way that things are done and we constantly challenge ourselves and others to make things better.

Have fun, be good: Insurance is a serious business, but we don’t take ourselves too seriously. We make it fun to work at CFC, we welcome all viewpoints, and we treat everyone how we would expect to be treated.

IBA Ops Technician employer: CFC Underwriting

CFC is an exceptional employer that fosters a vibrant and inclusive work culture in the heart of London. As an IBA Operations Technician, you will benefit from hands-on experience in a dynamic finance environment, with ample opportunities for professional growth and development. Our commitment to employee well-being, continuous improvement, and a fun workplace atmosphere makes CFC a rewarding place to build your career.
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Contact Detail:

CFC Underwriting Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land IBA Ops Technician

✨Tip Number 1

Network like a pro! Reach out to folks in the finance and insurance sectors, especially those who work in IBA operations. A friendly chat can lead to insider info about job openings or even a referral.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of claims money management and reconciliation processes. We recommend practising common interview questions and having examples ready that showcase your attention to detail and teamwork skills.

✨Tip Number 3

Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It shows you’re keen and keeps you fresh in their minds.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive and enthusiastic about joining our team.

We think you need these skills to ace IBA Ops Technician

Financial Processing
Claims Money Management
Reconciliation Processes
Bank Account Operations
Intermediate Excel Skills
Attention to Detail
Numeracy
Communication Skills
Interpersonal Skills
Teamwork
Organisational Skills
Problem-Solving Skills
Adaptability
Willingness to Learn

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the IBA Ops Technician role. Highlight any relevant experience in financial operations or IBA accounting, and don’t forget to showcase your Excel skills and attention to detail!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about this role and how your skills align with our core values. Show us your enthusiasm for the finance world and your eagerness to learn.

Be Clear and Concise: When filling out your application, keep your language clear and concise. We appreciate straightforward communication, so avoid jargon and get straight to the point about your qualifications and experiences.

Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!

How to prepare for a job interview at CFC Underwriting

✨Know Your Numbers

As an IBA Ops Technician, you'll be dealing with financial processing and reconciliations. Brush up on your basic accounting principles and be ready to discuss any relevant experience you have. It’s a good idea to prepare examples of how you've handled financial documentation or reconciliations in the past.

✨Excel Skills Are Key

Intermediate Excel skills are a must for this role. Make sure you’re comfortable with functions like VLOOKUP, pivot tables, and basic formulas. You might even want to practice a few Excel scenarios before the interview so you can confidently showcase your skills.

✨Show Your Team Spirit

This position requires strong teamwork and communication skills. Be prepared to share examples of how you've worked effectively in a team setting. Highlight any experiences where you contributed to team goals or helped improve processes, as this aligns with their core values.

✨Embrace the Learning Mindset

The company values a willingness to learn and adapt. During the interview, express your enthusiasm for continuous improvement and your proactive approach to problem-solving. Share instances where you’ve taken the initiative to learn new systems or processes, as this will resonate well with them.

IBA Ops Technician
CFC Underwriting
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