Job Title: IBA Technician
Location: City of London
Salary: £38,000 plus excellent benefits
Working Pattern: Full Time Hybrid - 2 days office a week plus remote working
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