At a Glance
- Tasks: Manage debt recovery and ensure financial accuracy in a dynamic finance team.
- Company: Leading global insurer with a high-performing finance culture.
- Benefits: Permanent hybrid role, competitive salary, and opportunities for professional growth.
- Other info: Work in a supportive environment with excellent career advancement opportunities.
- Why this job: Join a proactive team and make a real impact on financial operations.
- Qualifications: Experience in IBA or Credit Control, strong attention to detail, and analytical skills.
The predicted salary is between 36000 - 60000 £ per year.
Role Type: Permanent Hybrid - 3 days a week, 2 days working from home (City of London based office)
Are you a detail‑oriented finance professional with a knack for navigating the complexities of Insurance Broking Accounts? A leading global insurer is looking for a proactive IBA / Credit Control Technician to join their high‑performing finance team. This is a dynamic opportunity for a focused individual to manage a diverse portfolio ensuring financial accuracy and regulatory compliance across all transactional activity. As an integral part of the Credit Control function, you will take ownership of a dedicated ledger, managing the end‑to‑end settlement process. You will be responsible for resolving technical queries, ensuring liquidity through diligent debt recovery, and maintaining the highest standards of client money protection.
Key Responsibilities
- Proactive Debt Recovery: Manage and chase outstanding debts from brokers and third parties to maintain healthy cash flow and minimize aged debt.
- Portfolio Management: Act as the primary finance contact for a specific portfolio, providing regular updates on account status and settlement risks.
- Technical Query Resolution: Investigate and resolve complex queries related to premiums, commissions, and taxes, ensuring a "right-first-time" approach to reconciliation.
- Cashbacks & Allocation: Accurately process cashbacks and ensure the timely and precise allocation of incoming funds against the ledger.
- Statement Management: Produce and reconcile monthly broker statements to ensure transparency and accuracy across all managed accounts.
Experience Required
- Sector Expertise: Proven experience within an IBA or Credit Control function (preferred) or relative experience in a similar administrative capacity.
- Attention to detail.
- Analytical Rigor: A proven ability to produce consistently accurate work and manage high-volume data under tight settlement deadlines.
- Communication Skills: A confident communicator who can be firm yet professional when chasing debt and collaborative when working with underwriters.
- Technical Savvy: Proficiency in insurance‑specific accounting software and intermediate Excel skills.
IBA Technician employer: HFG
HFG is an exceptional employer that values its employees by offering a dynamic work culture and flexible hybrid working patterns, allowing for a healthy work-life balance. With a strong focus on professional development, employees are encouraged to grow their skills and advance their careers within the global insurance sector, making it a rewarding place to work for those seeking meaningful contributions in internal auditing.
StudySmarter Expert Advice🤫
We think this is how you could land IBA Technician
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and insurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by practising common questions related to IBA and Credit Control. Think about your past experiences and how they relate to the role. We recommend doing mock interviews with friends or using online platforms to boost your confidence.
✨Tip Number 3
Showcase your analytical skills! When discussing your experience, highlight specific examples where you’ve successfully managed portfolios or resolved complex queries. This will demonstrate your attention to detail and problem-solving abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform. Let’s get you that IBA Technician role!
We think you need these skills to ace IBA Technician
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in IBA or Credit Control. We want to see how your skills match the role, so don’t be shy about showcasing your attention to detail and analytical prowess!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our finance team. Mention specific experiences that relate to managing portfolios and resolving technical queries.
Showcase Your Communication Skills:Since you'll be dealing with brokers and third parties, it's crucial to demonstrate your communication skills. We love confident communicators, so share examples of how you've effectively chased debts or collaborated with others.
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 during the process!
How to prepare for a job interview at HFG
✨Know Your Numbers
As an IBA Technician, you'll be dealing with financial data all the time. Brush up on your knowledge of key financial metrics and be ready to discuss how you've managed portfolios or resolved complex queries in the past. This shows you’re not just familiar with the numbers but can also handle them under pressure.
✨Showcase Your Attention to Detail
In this role, attention to detail is crucial. Prepare examples from your previous work where your meticulous nature helped avoid errors or improved processes. Highlighting specific instances will demonstrate your capability to maintain high standards of accuracy.
✨Practice Your Communication Skills
You’ll need to chase debts and communicate with various stakeholders. Practise articulating your thoughts clearly and confidently. Consider role-playing scenarios where you might need to resolve a technical query or negotiate payment terms, as this will help you feel more prepared.
✨Familiarise Yourself with Relevant Software
Make sure you're comfortable with insurance-specific accounting software and Excel. If you have experience with particular tools, be ready to discuss how you’ve used them effectively. If there are any new tools mentioned in the job description, do a bit of research to show your proactive approach.
