Average Iba Technician salary in London

Job Title: IBA TechnicianLocation: City of LondonSalary: £38,000 plus excellent benefitsWorking Pattern: Full Time Hybrid - 2 days office a week plus remote workingJob Type: IBAClass of Business: Accounting About the Role A hugely successful and fast growing insurance broker has an opportunity for someone to join as an IBA Technician. The role of the IBA Technician will be to work alongside the current IBA Team to achieve the timely and accurate collection, processing and onward payment of settlements to all Trading Partners as well as support the Head of IBA and Global COO with any ad-hoc projects. The role will also involve supporting the Head of IBA in a successful transition from the current broking system Atlas to new broking system Open Twins. Key Responsibilities To ensure the preparation and reconciliation of IBA accountsTo work closely with the IBA Team to perform credit control proceduresTo ensure all outstanding accounts are chased appropriately and timelyTo ensure receipt of funds are reconciled within agreed timeframesTo ensure disbursements are reconciled within agreed timeframesTo check and agree daily IBA reportsTo work closely with the IBA Team in UK and North AmericaTo escalate issues to Head of IBA where necessaryBe responsible for the collecting of premiums and claims to ensure that uncollected brokerage and or outstanding debt is in line with agreed company proceduresAssist with the IBA Team to clear any unmatched cashTo raise any queries with the relevant Account Handler in a timely mannerPerform a review of your IBA credit control accounts with the required Management Team on an agreed timely basisTo be able to assist with training of other users in the London Office. Key Skills & Experience The business is seeking someone with current insurance finance or IBA experience, who has strong communication skills both written and verbally with accurate attention to detail. You should be able to demonstrate drive and self-motivation to achieve results with a general willingness to be flexible in work habits and assigned tasks. You should have the ability to learn and share knowledge and to identify, recognise and escalate critical issues for resolution. All applicants must have a permanent right to work in the UK

Job title: IBA Technician Salary: £45,000           Location: London PURPOSE OF ROLE  We are currently recruiting for a leading independent insurance intermediary providing specialist insurance solutions across a range of sectors. As an IBA Technician you will play a pivotal role in bridging the gap between multiple departments, ensuring smooth financial processing and resolving invoicing queries efficiently. This role will be instrumental in enhancing communication between their Service Delivery Team , Finance Team and Business Operations. KEY RESPONSIBILITIES  Act as the first point of contact for invoicing and payment queries across different teamsCollaborate closely with the service delivery team, finance, and business teams to ensure accurate and timely processingOversee and facilitate the resolution of complex invoicing issues, particularly those involving part paymentsWork with managing agents to clarify and streamline payment and invoice discrepanciesEnsure all invoicing records and payment tracking are accurate, up-to-date, and compliant with internal standardsIdentify recurring issues and recommend process improvements to enhance efficiency EXPERIENCE AND REQUIREMENTS  Previous experience in an IBA Technician, Accounts, or Finance Administration role within the insurance industry is preferredStrong understanding of invoice processing, reconciliations, and part paymentsAbility to investigate and resolve complex queries efficientlyExcellent communication skills, with the ability to liaise confidently across multiple departmentsAbility to manage multiple tasks and deadlines effectivelyComfortable working in a cross-functional role, coordinating with international teams If you have the relevant experience or know someone that does please contact us now on 07458 162 849 or email  us at  

I am currently assisting a top Lloyd's Broker on their search for an IBA Accounts Technician to join their growing business to be based in their London office (hybrid work available). You will be responsible for ensuring all debts are collected on time, back reconciliations and chasing outstanding payments with clients/underwriters on a timely basis.This is a fantastic opportunity if you are a current IBA Technician/Credit Controller within the Insurance Market and seeking a new challenge.This will provide an excellent starting salary and benefits. If this sounds like the perfect move for you, then please apply !