IBA Technician
bbinsurance
| Company | bbinsurance |
| Category | Skilled Technician |
| Location | London, England, United Kingdom |
| Remote | — |
| Employment | Not stated |
| Level | Not stated |
| Salary | Not stated by the employer |
| Posted | 31 Jul 2026 |
| Last verified | 9 Aug 2026 |
| Source | Employer ATS (workday) |
Description
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
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.