IBA Technician

Role: IBA Technician (6-month contract)

As the business continues to grow, we are creating a temporary (6-month) IBA Technician position to support the IBA function and help balance the current workload. This role plays an important part in supporting day-to-day operations and ensuring accuracy, efficiency, and service delivery across financial processes.

Location

London

Salary

Negotiable

Key Responsibilities

Accounts Receivable (Premiums / Cash Application)

• Match and allocate daily cash receipts within RiskServe against open items.
• Reconcile bordereaux against cash received and identify variances.
• Investigate and resolve unmatched and unallocated cash balances.
• Liaise with brokers, clients, and underwriting teams to resolve discrepancies.
• Raise journals in RiskServe to reflect adjustments.
• Issue PPW invoices following technical processing.
• Monitor and clear aged balances over 59 days.

Accounts Payable – Claims

• Process Lloyd’s and LIRMA bureau cash.
• Match, allocate, and submit bureau cash entries in RiskServe.
• Ensure timely claims payments.
• Prepare weekly remittance advices and distribute to agents.

Accounts Payable – Underwriting

• Process non-bureau settlements with underwriters.
• Match and allocate underwriting transactions.
• Ensure timely settlement of balances.

Reporting & Credit Control

• Produce PPW, aged debt, and unallocated cash reports.
• Support debt chasing and escalation.
• Perform daily bank reconciliations.

Month-End Responsibilities

• Reconcile cashbooks to bank statements.
• Complete bank reconciliations in RiskServe.
• Investigate aged debt (59 to 120+ days).
• Ensure accurate month-end postings.

Housekeeping & Ad Hoc

• Maintain contact records.
• Ensure audit trails are complete.
• Respond to queries promptly.
• Provide audit support.

Skills & Experience

• Experience in IBA or insurance finance role.
• Knowledge of Lloyd’s / London Market.
• Strong reconciliation skills.
• Experience with RiskServe or similar systems.
• Strong communication skills.

Key Competencies

• Attention to detail
• Strong organization
• Proactive approach
• Team collaboration