Insurance Broker

3 weeks ago


London, United Kingdom Pracyva Limited Full time

IBA Technician
Location: UK(Remote)

Reports to IBA & BE Team Manager

Grade Level 3

Span of control

1-3 Trainee Technicians

Job purpose
- End to end back office service for Insurance Broking Accounts

Job dimensions

**Responsibilities**:

- Perform credit control
- Perform cash and payment reconciliation and system allocation
- Perform client and insurer statement reconciliation
- Premium and return premium collections - including providing reminders to Broker, Account Executive, Insured, and Insurers
- Follow up and query management for unmatched cash, uncollected debt, queries preventing settlement to Brokers, Insureds, Insurers and third parties etc.
- Make payments to Clients, Brokers, Insured’s, Insurers and third parties including approving payment per the agreed approval process (Bureaux and Non-Bureaux)
- Collect funded balances
- PPW and PPC payment ownership
- Ensure adherence to FCA client money rules
- Other tasks as required by the Team Manager or Senior Technician

Experience
- 1-4 years of experience in insurance, accounting, or another financial services sector
- Experience in one of these areas: credit control and cash allocation, accounts payable, account reconciliation
- Understanding of end to end insurance process

**Salary**: £21,841.29-£25,000.00 per year

**Benefits**:

- Work from home

Schedule:

- Monday to Friday

Supplemental pay types:

- Yearly bonus


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