IBA Technician

Job Title: IBA Technician
Location: City of London
Salary: £35,000 – £45,000 plus excellent benefits
Working Pattern: Full Time Hybrid
Job Type: IBA
Class of Business: Accounting

About the Role

A hugely successful and fast growing insurance broker has an opportunity for someone to join as an IBA Technician.

The role of the IBA Technician will be to work alongside the current IBA Team to achieve the timely and accurate collection, processing and onward payment of settlements to all Trading Partners as well as support the Head of IBA and Global COO with any ad-hoc projects.

The role will also involve supporting the Head of IBA in a successful transition from the current broking system Atlas to new broking system Open Twins.

Key Responsibilities

To ensure the preparation and reconciliation of IBA accounts
To work closely with the IBA Team to perform credit control procedures
To ensure all outstanding accounts are chased appropriately and timely
To ensure receipt of funds are reconciled within agreed timeframes
To ensure disbursements are reconciled within agreed timeframes
To check and agree daily IBA reports
To work closely with the IBA Team in UK and North America
To escalate issues to Head of IBA where necessary
Be responsible for the collecting of premiums and claims to ensure that uncollected brokerage and or outstanding debt is in line with agreed company procedures
Assist with the IBA Team to clear any unmatched cash
To raise any queries with the relevant Account Handler in a timely manner
Perform a review of your IBA credit control accounts with the required Management Team on an agreed timely basis
To be able to assist with training of other users in the London Office.

Key Skills & Experience

The business is seeking someone with current insurance finance or IBA experience, who has strong communication skills both written and verbally with accurate attention to detail.

You should be able to demonstrate drive and self-motivation to achieve results with a general willingness to be flexible in work habits and assigned tasks. You should have the ability to learn and share knowledge and to identify, recognise and escalate critical issues for resolution.

All applicants must have a permanent right to work in the UK