IBA Technician

Location London
Discipline: Finance & Strategy
Job type: Permanent
Contact email: elif@weareedenbrook.com
Job ref: J3829
Published: 20 days ago
IBA Technician London/Hybrid Flexible working Competitive salary A well-known and leading global consulting company, are looking for an IBA Technician. The role will required to work as part of the team and report to the IBA & BE Team Manager. 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 • Regular interaction with Trainee Technicians to review and provide guidance on deliverables • Mentor Trainee Technicians • Collaborate with stakeholders to identify improvement opportunities and manage expectations • Participate and proactively contribute to new project related initiatives • Liaise with the Clients, Agents, Retail Brokers, Insurers Skills and 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 • IBA experience (Desirable) • Bureau (Xchanging) (Desirable) • Cass 5 client money rules (Desirable) • Experience in working with automated assisted processes (Desirable)