Insurance Technician - Experience essential (Hybrid)

  • Job Reference: 02/05
  • Date Posted: 2 May 2024
  • Recruiter: Advancing People Ltd
  • Location: Milton Keynes, Buckinghamshire
  • Salary: £29,000 to £30,000
  • Sector: Insurance
  • Job Type: Permanent
  • Work Hours: Full Time

Job Description

Are you an experienced Insurance candidate looking for your next career move?

Would you like to work for a company that offers excellent training and career growth?

Look no further!

Advancing People are recruiting for a Bedford & Milton Keynes based company, who are looking for an additional IBA Technician.

The IBA Technician is a member of a team which focuses on Insurer IBA accounts. They will achieve targets, develop the business and deliver an excellent and comprehensive service, ensuring that responsibilities are completed in accordance with the relevant Company and/or Group policies.

Key Responsibilities

  • Plans their work to ensure that the team meets its operating goals
  • Provides relevant management information to senior management, when requested
  • Contributes to project work and when required
  • Ensures cash matching tasks are completed in a timely manner
  • Ensure Notice of Cancellation letters received directly from insurers are forwarded to relevant departments, so that they can action, as appropriate
  • Reviews and processes IBA payment requests
  • Processing of relevant entries onto Group company IBA systems
  • Reconciles accounts with markets and clients
  • Resolves accounts queries promptly and efficiently
  • Keeps informed of all regulatory and legal changes which impacts on the job role
  • Ensures up to date records are maintained at all times on the Company systems
  • Responds appropriately to urgent issues as they arise

Skills & Attributes

  • Experience of working as an IBA Technician
  • Understanding of London Market operations
  • Understanding on insurance industry and composite/Lloyd's insurer landscape
  • Able to manipulate and understand financial data
  • Attention to detail with ability to produce accurate documentation and to file documents appropriately
  • Ability to work effectively within a team
  • Prioritisation and organisational skills
  • Self-motivated
  • Competent IT skills, including but not limited to Microsoft Word, Excel and PowerPoint
  • Ability to communicate effectively, both verbally and in writing, with internal and external stakeholders
  • Able to undertake and demonstrate competence in technical training, as required by the industry regulator

Advancing People - Recruitment Specialists

Advancing People Ltd is an Equal Opportunities Employer and acts as both an Employment Business and Employment Agency.