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IBA Accounts Technician

IBA Accounts Technician

IPS Group

Posted 21 hours ago, valid for 19 days

London, Greater London EC1R 0WX

Full Time

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Sonic Summary

We are seeking an IBA Accounts Technician to join a dynamic team in London for one of the UK's fastest-growing Insurance Businesses.
The role involves managing a specific account as an IBA Handler, focusing on the timely collection, processing, and payment of settlements.
Key responsibilities include cash allocation, monitoring aged debts, performing credit control procedures, and ensuring reconciliations of IBA accounts.
Candidates should have 3 to 5 years of experience in IBA, with familiarity with the OpenTwins system being preferable.
The position offers a competitive salary, reflective of experience, within the insurance sector.

We are partnered with one of UK's fastest growing Insurance Businesses and the role of the IBA Accounts Technician will be to join a team of five based in London to assume responsibility for a specific Account as an IBA Handler to achieve timely collection, processing and onward payment of settlements to this Trading Partner as well as support the Global Head of IBA with ad-hoc projects. You will carry out day-to-day operations in your own area of responsibility including cash allocation, monitoring aged-debt and funding. Key Duties- Ensure reconciliation of IBA Accounts is conducted as per the agreed Service Level Agreement "SLA". - Perform Credit Control procedures. - Ensure outstanding accounts are chased. - Ensure receipts of funds are reconciled. - Ensure disbursements are reconciled. - Produce daily IBA reports from the OpenTwins system to ensure unmatched cash, funding and held funds are identified and worked on. - Escalate issues to the Head of IBA for resolution. - Responsible for the collection of Premiums and Claims. Candidate Specification- Between 3 and 5 years of experience in IBA. - Previous experience of using the OpenTwins system is preferable.

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