Job Description

A well renowned Insurance Broker are looking to recruit a IBA Technician/Credit Controller to join their Finance team. This is a great opportunity for someone looking to start a career or already has some experience in Credit Control.

Ensure that all IBA bank movements are posted on the Global broking system.

• Multi-currency IBA bank reconciliations.
• Dealing with submissions to XChanging and dealing with any queries
• Reconciliation of daily, weekly and monthly Bureau settlements (Lloyds, LIRMA and ILU)
• Posting and allocating Bureau and client /re-insurer cash receipt payments.
• Liaising closely with the technical departments and brokers when raising queries
• Issuing monthly statements to all clients, proactively recovering balances.
• Liaising with the relevant departments on resolving unallocated cash receipts
• Maintaining a log of queries and actions.
• Reviewing and preforming the reconciliation of client statements (aged debtor’s maintenance)
• Producing detailed debtors reports monthly with commentary on age balances.
• Raising payments for third party commission balances payable.
• Assist with the client money calculation and raising payments for the brokerage transfers.
• Ensure that procedures in relation to the role are recorded and kept current.
• Assist with month and year end processes.
• Other ad hoc duties outlined by the line manager including providing support for the finance department

Required Knowledge, Skills, and Abilities