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IBA Technician

bbinsurance
Companybbinsurance
CategorySkilled Technician
LocationLondon, England, United Kingdom
Remote
EmploymentNot stated
LevelNot stated
SalaryNot stated by the employer
Posted31 Jul 2026
Last verified9 Aug 2026
SourceEmployer ATS (workday)
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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.