Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
Role: IBA Technician (6 month contract)
Location: London
Salary: negotiable
Summary:
As the business continues to grow, we are creating a temporary (6-month) IBA Technician position to support the IBA function and help balance the current workload. This role will play an important part in supporting day-to-day operations and ensuring accuracy, efficiency, and service delivery across financial processes.
Key Responsibilities:
Accounts Receivable (Premiums / Cash Application)
•
Match and allocate daily cash receipts within RiskServe against open items.
•
Reconcile bordereaux against cash received and identify variances.
•
Investigate and resolve unmatched and unallocated cash balances.
•
Liaise with brokers, clients, and underwriting teams to resolve discrepancies.
•
Raise journals in RiskServe to reflect adjustments.
•
Issue PPW invoices following technical processing.
•
Monitor and clear aged balances over 59 days.
Accounts Payable – Claims
•
Process Lloyd’s and LIRMA bureau cash.
•
Match, allocate, and submit bureau cash entries in RiskServe.
•
Ensure timely claims payments.
•
Prepare weekly remittance advices and distribute to agents.
Accounts Payable – Underwriting
•
Process non-bureau settlements with underwriters.
•
Match and allocate underwriting transactions.
•
Ensure timely settlement of balances.
Reporting & Credit Control
•
Produce PPW, aged debt, and unallocated cash reports.
•
Support debt chasing and escalation.
•
Perform daily bank reconciliations.
Month-End Responsibilities
•
Reconcile cashbooks to bank statements.
•
Complete bank reconciliations in RiskServe.
•
Investigate aged debt (59 to 120+ days).
•
Ensure accurate month-end postings.
Housekeeping & Adhoc
•
Maintain contact records.
•
Ensure audit trails are complete.
•
Respond to queries promptly.
•
Audit Support
Skills & Experience
•
Experience in IBA or insurance finance role.
•
Knowledge of Lloyd’s / London Market.
•
Strong reconciliation skills.
•
Experience with RiskServe or similar systems.
•
Strong communication skills.
Key Competencies
•
Attention to detail
•
Strong organization
•
Proactive approach
•
Team collaboration
Legal
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.