Location-Pune

Looking for Immediate Joiners

package:3.5 to 5.5 LPA

Job Summary – IBA Technician

· End to end back office service for Insurance Broking Accounts ( IBA)

· 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 lead or Senior Technician

Years of experience needed –

· 3-7 years of experience in insurance, accounting, or another financial services sector.

          London Market Experience

Others:

Within the company:

· Collaborate with stakeholders to identify improvement opportunities and manage expectations

· Participate and proactively contribute to new project related initiatives

Outside the company:

· Liaise with the Clients, Agents, Retail Brokers, Insurers

Person Specifications:

Education : Graduate/ Post Graduate

Work Qualifications: Insurance or accounting industry qualification is a plus

Experience:

Essential:

· Experience in one of these areas: credit control and cash allocation, accounts payable, account reconciliation

· Understanding of insurance process

· IBA experience