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- Tasks: Support finance activities, manage bank reconciliations, and process payments.
- Company: Growing insurance brokers with a focus on innovation and teamwork.
- Benefits: Fully remote role with flexible hours and competitive pay.
- Why this job: Join a dynamic team and enhance your finance skills in a supportive environment.
- Qualifications: 2+ years in an IBA role, strong numeracy, and MS Excel skills.
- Other info: Opportunity for career growth and international collaboration.
The predicted salary is between 36000 - 60000 £ per year.
NEW ROLE FOR IBA Technician for growing Insurance Brokers. Due to expansion, a new role for an additional IBA Technician to support the activities of the Finance and Technical Processing team has been created.
You will be involved in:
- Bank reconciliation and cash matching
- Income ledger administration, including posting to IBS
- Preparation and processing of premium, commission and claims payments
- Knowledge of banking systems to enable premium, commission and claims payments
- Accurate record keeping using our internal electronic data management system
- Monitoring credit risk, funding, unallocated cash, un-forwarded balances and unrealised Brokerage
- Production of intracompany reports and associated schedules
- Query resolution in relation to receipts of unexpected or unidentified funds
- Query resolution from clients and underwriters
- Liaison with our international offices and providing IBA support
- Undertake tasks and responsibilities on a multi-currency and multi-company ledger
You will need:
- + 2 years experience within an IBA role
- Working knowledge of client money rules and legal principles applicable to insurance
- Excellent numeracy
- MS Excel to intermediate level
- Attention to detail and accuracy
- Good communication with ability and desire to understand problems and propose appropriate solutions
IBA Technician - Fully Remote 6 Month FTC employer: Next Employment
Contact Detail:
Next Employment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IBA Technician - Fully Remote 6 Month FTC
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry and let them know you're on the hunt for an IBA Technician role. You never know who might have the inside scoop on openings or can put in a good word for you.
✨Tip Number 2
Prepare for those interviews! Brush up on your knowledge of client money rules and legal principles relevant to insurance. We want you to feel confident discussing your experience with bank reconciliations and cash matching, so practice makes perfect!
✨Tip Number 3
Show off your Excel skills! Since this role requires intermediate MS Excel knowledge, consider creating a portfolio of your work or examples of how you've used Excel in previous roles. This will help you stand out during interviews.
✨Tip Number 4
Apply through our website! We make it super easy for you to submit your application directly. Plus, it shows us you're genuinely interested in joining our team. Don't miss out on this opportunity!
We think you need these skills to ace IBA Technician - Fully Remote 6 Month FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in IBA roles and showcases your skills in bank reconciliation and cash matching. We want to see how your background aligns with the responsibilities listed in the job description.
Show Off Your Skills: Don’t forget to mention your MS Excel proficiency and any experience you have with electronic data management systems. We love seeing candidates who can demonstrate their attention to detail and accuracy!
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this role. Share specific examples of how you've resolved queries or managed multi-currency ledgers in the past. This is your chance to shine!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, we love seeing applications come in through our own platform!
How to prepare for a job interview at Next Employment
✨Know Your Numbers
Since the role involves bank reconciliation and cash matching, brush up on your numerical skills. Be prepared to discuss your experience with financial data and how you've handled similar tasks in the past.
✨Familiarise Yourself with IBA Processes
Make sure you understand the ins and outs of Income Ledger Administration and client money rules. Research common challenges faced in IBA roles and think about how you would tackle them.
✨Excel Skills are Key
As you'll need intermediate MS Excel skills, practice using functions and formulas that are relevant to financial reporting. Bring examples of how you've used Excel in previous roles to streamline processes or improve accuracy.
✨Communication is Crucial
This role requires liaising with international offices and resolving queries. Prepare to demonstrate your communication skills by sharing examples of how you've effectively resolved issues or collaborated with teams in the past.