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IBA Technician

MW Appointments
Posted 17 hours ago, valid for 12 days
Location

London, Greater London EC1R 0WX

Salary

£24,000 - £28,800 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The position is for an IBA Technician at an independent international Lloyds broker, focusing on bespoke risk and insurance solutions.
  • Candidates should have experience in insurance broking accounting, claims and premium reconciliation, with a preference for those familiar with the Lloyds/London market.
  • The role offers a salary of up to £45,000 per annum and requires a maximum of one month notice for candidates currently employed.
  • The successful applicant will join a collaborative team responsible for managing underwriter payables, claims payable processes, and maintaining insurance broking ledgers.
  • Hybrid working options are available, requiring three days per week in the City office, with applications encouraged for immediate starters.

Develop your career within an independent, privately owned international, Lloyds broker.

Providing UK & international clients with bespoke risk and insurance solutions via a global network of offices to clients of varying dimensions across all sectors of the economy.

The IBA Technician will work within a small and collaborative team who work closely with colleagues across the business, markets and clients to provide an accurate and timely accounting service.

Overview

  • Management of underwriter payables process and payments in relation to Company and Placing Intermediary markets including reconciliation of balances and payments to underwriters.
  • Management of claims payable process and payments to claimants
  • Maintenance of the Insurance Broking Ledgers, to include reconciliations and settlements to insurers, agents and producers
  • Responsibility for regular Insurer and Market payments and on occasion company payments
  • Any other reasonable task or project as may be required from time to time

Key skills

  • Knowledge of Insurance Broking accounting
  • Claims and premium reconciliation
  • Experience of multi-currency accounting
  • Lloyds / London market experience preferred
  • Use of ACTURIS would be a bonus

Attributes

  • Numeracy and literacy
  • Communication skills
  • Organisational skills
  • Data analysis
  • Accuracy and attention to detail
  • Ability to multitask

What is on offer

  • This is an urgent hire and our client would like applications from candidates who can start asap. (a 1 month notice period is the maximum)
  • The role can be permanent or a temporary assignment, depending on your requirements.
  • Salary to £45,000 p.a.
  • Hybrid Working Options (3 days per week in the City office)

Ref ~ 9885

Interested? Please apply today and we will contact you by return.

MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector.

MW Appointments is acting as an Employment Agency in relation to this vacancy.

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.