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Brown & Brown Insurance

IBA Technician

London
Posted about 13 hours ago
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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.

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I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?

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Graduate Consultant — 2026 Scheme

PwC·London, UK
£35,000/yr

Why you're a good match

Strong

Your economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.

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Why you're a good match

You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.

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Experience fit

Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.

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  • 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.

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  • 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.

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Skills

IBA
Insurance finance
Lloyd’s market
London market
Reconciliation
RiskServe
Accounts receivable
Accounts payable
Cash application
Bordereaux reconciliation
Claims processing
Credit control
Bank reconciliation
Attention to detail
Communication skills
Organization

Location

London, England, United Kingdom

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