Insurance Broking Accounts Technician

We are currently recruiting for IBA technicians for a permanent role based in Leeds. Do you have experience in credit control and cash allocation, accounts payable OR account reconciliation? You wil have experience in insurance, accounting, or another financial services sector, as well as an understanding of end to end insurance process.

Responsibilities:

• Perform credit control
• Perform cash and payment reconciliation and system allocation
• Perform client and insurer statement reconciliation
• Premium and return premium collections – including providing reminders to Broker, Account Executive, Insured, and Insurers
• Follow up and query management for unmatched cash, uncollected debt, queries preventing settlement to Brokers, Insureds, Insurers and third parties etc.
• Make payments to Clients, Brokers, Insured’s, Insurers and third parties including approving payment per the agreed approval process (Bureaux and Non-Bureaux)
• Collect funded balances
• PPW and PPC payment ownership
• Ensure adherence to FCA client money rules
• Other tasks as required by the Team Manager or Senior Technician

Skills/Experience:

• • 1-4 years of experience in insurance, accounting, or another financial services sector
  • Experience in one of these areas: credit control and cash allocation, accounts payable, account reconciliation
  • Understanding of end to end insurance process

Nice to have:

• • IBA experience
  • Bureau (Xchanging)
  • Cass 5 client money rules
  • Experience in working with automated assisted processes

If you feel you have the skills and experience needed for this role please do apply now.