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Junior IBA Technician

Pavilion Recruitment Solutions
Posted 18 days ago, valid for 15 hours
Location

London, Greater London EC2V 7WS, England

Salary

£36,000 - £43,200 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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  • My client, a leading Lloyd's of London broker, is seeking a Junior IBA Technician for a full-time position.
  • The role involves managing daily transactions within the IBA department, including processing receipts and account reconciliations.
  • Key responsibilities include supporting Credit Control, Cash Application, and handling daily IBA tasks like receipt allocation and insurer statement reconciliation.
  • Candidates should have experience in financial services, with a basic understanding of IBA and accounting concepts, and awareness of industry regulations is a plus.
  • The position offers a competitive salary, and a minimum of 1-2 years of relevant experience is preferred.

My client, a fast-growing and leading Lloyd’s of London broker, are looking for a Junior IBA Technician on a full time basis.

This role is responsible for managing the daily transactions within the IBA department, ensuring operational expertise in various tasks, such as processing incoming receipts, performing standard account reconciliations, and initiating outgoing payments.

You will play a vital role in maintaining a consistent operational rhythm throughout the month, supporting the broader IBA team in optimising client and insurer interactions.

Key Duties

  • Supporting work across, predominantly, Credit Control in addition to Cash Application, Insurer Reconciliation/Bordereaux and Bank Reconciliation
  • Daily processing of core IBA tasks such as receipt allocation, insurer statement reconciliation and raising of payments
  • Support IBA projects
  • Support audit requests
  • Predominantly deal with internal Business stakeholders; occasionally dealing with external parties

About you

  • Experience within financial services is preferred
  • Understanding of basic concepts of IBA and accounting
  • Awareness of industry regulations is a plus

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.