IBA Technician

IBA Technician

Up to £55,000 + Bonus & Attractive Benefits (listed below)

3 Days in London / 2 Days Remote

The Company

Our client, is a highly reputable, well-established and leading International Lloyd’s Broker, who have a strong presence within the London Market Insurance. With offices globally, you will be based in their Head Office, in the heart of the City of London and only a stone throw away from the prestigious Lloyd’s of London building.

Due to their excellent performance and growth, they are now expanding and are seeking motivated IBA Technician to support the activities of the Finance and Technical Processing team.

Role Duties

Responsible for bank reconciliation and cash matching
Preparing and processing premiums, commission and claims payments
Bank reconciliations and 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 on intracompany reports and associated schedules
Query resolution in relation to receipts of unexpected or unidentified funds
Query resolution from clients and underwriters
Liaison with international offices and providing IBA support
To build and maintain constructive working relationships with internal clients

About You

You will have experience of performing the role of a IBA Technician
Having Insurance experienced is essential – ideally London Market experience (working for a Lloyd’s Broker is advantageous)
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 that achieve the desired outcome
Ability to manage time, prioritise and ensure the deadlines are met without compromising on quality

Benefits

Competitive salary and discretionary bonus
25 Days holiday
Flexible holiday purchase scheme
Death in service cover (7.5x base salary)
Private health insurance
Health care cash plan
Defined contribution pension scheme (minimum employee contribution 5% of base, with 10% contributed by company)
Bike 2 Work Scheme
Employee Assistance Programme
Travel Insurance
Wellbeing