Average Iba Technician salary in London

IBA Technician – £ – Broking Platform (Acturis) – Hybrid; one day in City HQThe IBA Technician is responsible for the day-to-day management of underwriter cash, ledgers and bureau settlements within our client’s London operation. The role ensures that premiums and claims monies are matched, allocated and released to the Lloyd's bureau and company markets accurately and on time, and that JCG remains fully compliant with trust account and underwriter agreement requirements. The successful candidate will combine strong financial discipline with the communication skills needed to resolve queries directly with underwriters and to support brokers across the business.Key Responsibilities:Match underwriter funds, including claims collected, and pay underwriters in line with agreed settlement terms.Release entries to the bureau through delinking from the daily paid report.Maintain and reconcile underwriter ledgers, including legacy UW entries.Allocate incoming claims cash and collect claim payments from insurers.Issue monthly statements to underwriters, seek agreement for payment and update the monthly report.Respond to underwriter queries on statements and outstanding premiums, prioritising Notices of Cancellation (NOCs).Review unmatched cash on UW accounts and work proactively to clear it down.Review funded items to ensure nothing is funded outside the agreed process.Review held funds for underwriters and ensure payments are released on the agreed weekly or monthly cycle.Verify UW bank details, file confirmations to SharePoint, and maintain records in Global XB.Check that UW receipts are coming in from the correct UW accounts and flag exceptions.File daily payments, receipts and underwriter correspondence.Run month-end reports on Acturis and contribute to month-end close.Key Requirements / Skills / Expertise:Minimum 2 years' experience in an IBA, credit control or insurance accounting role within the Lloyd's or London Market.Working knowledge of mainstream broking platform/s (Acturis ideal) and bureau processes including delinking.A natural inclination toward financial detail and accuracy, with the discipline to meet recurring deadlines.Strong reconciliation skills and confidence working with unmatched cash, funding and aged debt reports.Intermediate Excel skills, including the ability to manipulate and analyse ledger and reporting data.Clear, professional communication style for dealing with underwriters, brokers and internal producers.Organised self-starter who can prioritise competing tasks calmly and work well both independently and within a small team.Our client operate a hybrid model with at least one day per week in the London office (City).

Job Title: IBA Accounts Technician | Location: London (City) - Hybrid working (4 days office / 1 WFH) | Contract: Permanent, Full-TimeYour new companyA growing and highly regarded insurance platform operating within the London Market, supporting MGA and broker operations. The business partners with both start-ups and established market players, providing the infrastructure and operational services required to build and scale successful insurance ventures.You will be joining a collaborative and fast-paced environment with strong exposure to brokers, underwriters, and senior stakeholders across the market.Your new roleThis is a key hire within the finance operations team, focused on delivering accurate and timely IBA processes. You will work closely with both internal teams and external stakeholders, supporting end-to-end client money and credit control activities.Key responsibilities will include:Bank and client money reconciliationsPremium reconciliations across multiple schemesProcessing collection files and premium returnsPreparing and issuing invoices and statementsProcessing broker commissions and timely transfers to office accountsManaging multi-currency accounts and settlementsSupporting the collection of premiums and claimsMaintaining accurate and up-to-date accounting recordsSupporting month-end close and internal reportingInvestigating and resolving IBA-related queriesManaging aged debt and supporting credit control processesBuilding relationships with brokers and underwritersWhat you'll need to succeedPrior experience in an IBA / insurance accounting roleStrong understanding of London Market processesWorking knowledge of FCA CASS 5 client money rulesExperience handling high-volume reconciliationsStrong Excel skills (pivot tables, lookups, data handling)Familiarity with systems such as Xchanging (desirable)What you'll get in returnCompetitive salary and benefits packageHybrid working model with flexibilityExposure to a growing and innovative area of the insurance marketStrong team environment with opportunities for developmentBroad role offering end-to-end IBA exposureWhat you need to do nowIf you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.If this job isn't quite right for you, but you are looking for a new position, please contact us for a confidential discussion about your career.Hays Specialist Recruitment Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept the T&C's, Privacy Policy and Disclaimers which can be found at hays.co.uk

Are you an experienced insurance finance professional with strong Acturis knowledge and hands-on IBA experience?Insure Recruitment is working with a well-established and growing insurance business, part of a wider group, who are looking to appoint an Insurance Accounts Technician (IBA) to support their finance function.This opportunity has arisen due to a long-standing team member retiring in July, offering a fantastic chance to step into a well-established role with strong processes and a thorough handover.This is a highly flexible opportunity, offering full-time or part-time hours, along with remote working, requiring just one day per month in the London office.The RoleThis is a hands-on Insurance Broking Accounts (IBA) position, with a strong focus on Acturis and client money:Posting and managing client money transactions via ActurisPerforming monthly insurer reconciliations and arranging settlementsWeekly and monthly bank reconciliations (client and office accounts)Managing insurer and client account queriesSupporting intercompany reconciliationsAssisting with month-end processes and reportingSupporting audit preparation and year-end activitiesMaintaining accurate financial records and documentationEnsuring compliance with Financial Conduct Authority client money (CASS) regulationsLiaising with insurers, account handlers, and internal teamsWhat’s on OfferCompetitive salary and benefits package (Salary £30-£50Kpa DOE) Flexible working – full-time or part-time options availableRemote-first role with minimal office requirementA stable, well-structured role with strong processes in placeSupportive and collaborative team environmentAbout YouExperience in an IBA / insurance accounts roleStrong working knowledge of Acturis (essential)Good understanding of client money and FCA requirementsConfident with reconciliations and day-to-day finance processesHigh attention to detail and a methodical approachAble to work independently and manage workload effectivelyStrong communication skills and team collaborationFind out whether this could be your perfect next move. Call our friendly and experienced team on .At Insure Recruitment, we partner with clients who are committed to building diverse, inclusive, and authentic workplaces. If you’re excited about this role but don’t meet every requirement, we still encourage you to apply – you could be exactly who we’re looking for.