IBA Insurance Accounting Technician

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IBA Insurance Accounting Technician, London

Client:

MW Appointments

Location:

London, United Kingdom

Job Category:

Other

EU work permit required:

Yes

Job Reference:

2a173e9fb985

Job Views:

72

Posted:

18.02.2025

Expiry Date:

04.04.2025

Job Description:

Summary

Our client is a leading Lloyds Broker working with SME, Corporate and Multinational businesses throughout the globe to provide innovative risk solutions across a wide range of different (re)insurance classes.

You will be joining a vibrant finance team who work collectively and support each other to provide a fast and efficient service to internal and external stakeholders.

The purpose of the role is to support the finance team across all IBA, Credit Control and Operation functions.

Main Duties:

1. Posting Cash received and paid on the IBA system daily
2. Matching cash received/paid in against insurance transactions daily
3. Weekly Bank reconciliations
4. Entering insurance payments in bank daily
5. Entering insurance payments in FX trading platform daily
6. Liaison with external brokers; dealing with queries in the Credit Control email inbox daily
7. Investigating unallocated cash and matching transactions
8. Loading CSV interface files from underwriting systems to IBA system
9. Matching cash in both IBA system and underlying insurance underwriting systems
10. Support the Accounts Manager

Skills Required:

1. Previous experience working within Credit Control/ IBA
2. London Insurance Market knowledge, preferred
3. Experience of using UK bank portals
4. Familiar with IBA (Insurance Broking accounts) systems
5. Good organisation skills
6. Able to work independently and use initiative

What you need to know:

1. Permanent
2. Based in the City of London – hybrid (3 days in London) with 2 days home working
3. Salary between £35,000 – £40,000
4. A great opportunity to join a global leader in the insurance sector.
5. Join a company that supports employee well-being, technical training and personal development.

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