IBA Accounts Technician

City of London | Salary £28-40,000, depending on experience

Have at least one year’s IBA experience and looking to take the next step in your insurance accounts career?

CKB Recruitment is working with a specialist Lloyd’s broker looking to appoint an IBA Accounts Technician to its City-based team.

With an international client base and expertise in specialist insurance placements, this business offers an excellent environment to broaden your insurance accounting knowledge and develop your experience within the London Market.

Now part of a wider insurance group, the business combines a collaborative team culture with the backing of a larger organisation.

The opportunity

You’ll join the accounting team, helping ensure client and insurer money is processed accurately, accounts are reconciled and queries are resolved promptly.

This is a varied, hands-on position offering regular contact with brokers, underwriters, insurers and colleagues across the business. It would suit someone who has built a foundation in IBA and wants to develop their technical skills while making a valuable contribution to the team.

What you’ll be doing

• Processing and allocating cash receipts and payments across insurer and client accounts.

• Completing daily, weekly and monthly bank and client money reconciliations.

• Investigating and resolving unreconciled items, aged balances and outstanding cash allocations.

• Producing insurer statements and supporting settlement processes.

• Liaising with brokers, underwriters, insurers and internal teams to resolve account queries.

• Handling client money in accordance with FCA and CASS requirements.

• Supporting month-end activities and maintaining accurate financial records.

• Helping improve processes and strengthen financial controls.

What we’re looking for

You must have at least one year’s experience in an Insurance Broker Accounts role.

Alongside this, you’ll bring:

• Practical experience of cash allocations, reconciliations and processing client money.

• A good understanding of FCA client money and CASS requirements.

• Strong numerical skills and excellent attention to detail.

• Good Excel skills and confidence using insurance accounting systems.

• The ability to investigate discrepancies and work through allocation and reconciliation challenges.

• Clear communication skills and confidence dealing with colleagues and external stakeholders.

• An organised approach, with the ability to prioritise your workload and meet deadlines.

• A reliable, proactive attitude and a willingness to support the wider team.

Knowledge of London Market processes and experience using IBS or Acturis would be particularly useful.

Why consider this role?

If you enjoy the detail of insurance accounts but also want regular interaction with people across the business, this position offers both.

You’ll have the opportunity to build your London Market knowledge, gain exposure to a range of IBA activities and contribute ideas that improve the way the team works.

With a salary of up to £35,000, this is an appealing next step for an IBA professional looking to develop within a specialist Lloyd’s broking environment.

Interested?

Apply today or contact Kieran Boyle at CKB Recruitment for a friendly, confidential conversation.