At a Glance
- Tasks: Support insurance placements and manage premium and insurer accounting activities.
- Company: Established specialist insurance business with a dynamic team.
- Benefits: Competitive salary, hybrid working, and professional development opportunities.
- Other info: Great career progression and exposure to diverse insurance portfolios.
- Why this job: Join a collaborative environment and make an impact in the insurance industry.
- Qualifications: Experience in Insurance Broking Accounts and strong attention to detail.
The predicted salary is between 30000 - 40000 £ per year.
An established and growing specialist insurance business is seeking an experienced
IBA Technician to join its operations team.
This role offers the opportunity to work within a dynamic environment supporting specialist insurance placements and ensuring the smooth administration of premium and insurer accounting activities.
The successful candidate will play a key role in maintaining accurate financial records, supporting brokers and operational teams, and ensuring timely settlement of accounts.
Key Responsibilities
- Processing premiums, commissions, fees, and insurer settlements.
- Reconciling client and insurer accounts and resolving discrepancies.
- Monitoring outstanding balances and supporting credit control activities.
- Producing and maintaining accounting reports and bordereaux.
- Managing accounting queries from internal and external stakeholders.
- Ensuring accurate record keeping across internal systems.
- Supporting month‑end reporting and audit requirements.
- Maintaining compliance with regulatory and internal procedures.
- Assisting with process improvements and operational efficiencies.
Skills & Experience
- Previous experience within an Insurance Broking Accounts (IBA) function.
- Strong understanding of insurance accounting processes and reconciliations.
- Excellent attention to detail and numerical accuracy.
- Strong organisational and administrative skills.
- Good working knowledge of Microsoft Excel.
- Ability to manage multiple priorities and meet deadlines.
- Experience within a specialist, wholesale, or London Market insurance environment.
- Knowledge of bordereaux production and insurer settlements.
- Familiarity with insurance broking or accounting systems.
- Understanding of FCA and client money regulations.
- What's on Offer
- Competitive salary and benefits package.
- Hybrid working arrangements.
- A supportive and collaborative working environment.
- Opportunities for professional development and career progression.
- Exposure to a varied and interesting portfolio of specialist insurance business.
- #J-18808-Ljbffr
We think you need these skills to ace Insurance Broking Accounts Technician
Insurance Broking Accounts (IBA) experience
Insurance accounting processes
Reconciliation skills
Attention to Detail
Numerical Accuracy
Organisational Skills
Administrative Skills
