IBA Technician

  • Location

    London

  • Sector:

    General Insurance

  • Job type:

    Permanent

  • Salary:

    £35000.00 - £42000.00 per annum

  • Contact:

    Teri Mortier

  • Contact email:

    tmortier@mbfitzgerald.co.uk

  • Job ref:

    BBBH3060_1627403906

  • Published:

    about 2 months ago

  • Expiry date:

    2021-08-26

  • Consultant:

    ConsultantDrop

Role: IBA Technician

Excellent Salary and Benefits including discretionary bonus

This is a particularly exciting time to join our client, the company has achieved extraordinary growth in recent years. In light of this, they are looking for a highly motivated IBA Technician to support the activities of the Finance and Technical Processing team. There is plenty of potential in this role for a future management opportunity

The individual 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
  • 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 our international offices and providing IBA support
  • To build and maintain constructive working relationships with internal clients
  • Undertake tasks and responsibilities on a multi-currency and multi company ledger
  • Other ad hoc duties as requested
  • Adhere to company and regulatory policies and procedures

Key Competencies

  • 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
  • Experience of working in an IBA role essential
  • Educated to a high standard