Iba Technician

2 months ago


London, United Kingdom mbf. Full time

**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 Processingteam. 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


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