IBA Finance Technician (12 month FTC) in Stockport

David Roberts and Partners was formed in 1977. Founded in Ormskirk, before moving to Southport, the organisation has now grown into a family of independent insurance brokers. With businesses spanning the UK and Europe, we have a team of over 550 dedicated colleagues, placing over £600m premium worldwide with direct access to Lloyd's of London and other specialist international markets. While our businesses operate at a local level, the Group's infrastructure empowers us to compete with and win against multinational brokers. The objective is always to provide the best possible service and protection for our clients.

BMS Group is a dynamic, independent, global broker established in 1980, delivering specialist insurance, reinsurance, and capital markets advisory services. BMS teams are respected globally for their specialist market knowledge, intelligent analysis, insight, and understanding. Being independent makes a key difference for both DR&P and BMS clients, giving our brokers the freedom to deliver the best solutions tailored to meet business needs. Both businesses are aligned on their collaborative team approaches, ability to operate worldwide, and renowned personal service.

Summary of Position

The IBA Finance Assistant plays a key role in supporting the financial operations within an insurance business, specifically managing Insurer/Broker Accounting (IBA) processes. This role focuses on ensuring accurate recording, reconciliation, and settlement of insurance transactions between brokers and insurers, maintaining financial integrity and compliance.

Key Responsibilities & Accountabilities

• Process premiums, claims payments, and insurer settlements accurately within agreed timelines
• Allocate cash receipts and payments to the correct client and insurer accounts
• Maintain and update IBA ledgers in line with internal procedures
• Perform regular bank, insurer, and client account reconciliations
• Investigate and resolve discrepancies, aged balances, and unmatched cash
• Assist in producing IBA reports, including debtors, creditors, and cash flow summaries
• Work closely with insurers, brokers, and internal stakeholders to resolve queries
• Support the settlement process ensuring payments are made in line with contractual terms
• Build and maintain strong working relationships with key external partners

Compliance & Control

• Ensure adherence to FCA (or relevant regulatory) rules and company policies
• Maintain accurate audit trails and supporting documentation
• Assist with internal and external audits, providing required financial information

Administration & Support

• Support month-end and year-end finance processes
• Maintain accurate records of transactions and correspondence
• Assist with system improvements and process efficiencies within IBA accounting

Skills, Knowledge & Experience

• Previous experience in a finance or accounting role (preferably within insurance or IBA)
• Strong attention to detail and high level of accuracy
• Good understanding of basic accounting principles
• Proficiency in Microsoft Excel and finance systems
• Excellent organisational and time management skills
• Experience with insurance accounting systems (e.g., Open GI, Acturis, or similar)
• Knowledge of FCA client money rules (CASS 5)
• AAT (or equivalent) qualification or working towards

Personal Attributes

• Analytical and problem-solving mindset
• Strong communication skills (written and verbal)
• Ability to work independently and as part of a team
• Proactive and adaptable in a fast-paced environment

Customer Focused

• Excellent interpersonal skills, adapting communication style to situation
• Builds effective relationships with the business and key service providers
• Proactive, always looks for ways of delivering a better or more efficient service
• Exercise solid judgement particularly handling confidential information
• Respectful and professional in all dealings with people at all levels, demonstrating diplomacy and discretion

What's in it for me?

• Competitive salary and discretionary bonus scheme opportunities
• 33 days paid leave including bank holidays, long service days offered at 5 & 10 years service
• Pension Scheme
• Cycle to Work Scheme
• Study Support
• Group Life Cover (x4 basic annual salary)
• Group Income Protection Cover
• Medicash Programme
• Half Days Leave before Easter Friday, Christmas Eve & New Year's Eve
• Enhanced Parental Leave (Maternity & Paternity)
• Access to Bubble Childcare (40 hours free childcare per year)
• Further opportunities for Study Support in CII Qualifications

Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to 'building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.' As such, we have created our 'BMS Together' programme, with dedicated training, collaborative committees, and intentional partnerships. In support of our ESG vision, we offer two additional paid days each year to take part in charitable work. Please let our team know if you require any adjustments to support you through the application process.