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127 Mphasis Jobs
IBA Technician
Mphasis
posted 26d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Employing Entity: Mrald (Mphasis s dedicated UK Insurance operational services delivery vehicle)
Job Summary -
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 -
1-4 years of experience in insurance, accounting, or another financial services sector
Technical / Non-Technical Skills:
Relationships:
Team Members:
Regular interaction with Trainee Technicians to review and provide guidance on deliverables
Mentor Trainee Technicians
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
Added advantage but no compulsion:
IBA experience
Employment Type: Full Time, Permanent
Read full job description
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based on 8.9k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Mphasis Benefits
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Cafeteria 
Health Insurance Soft Skill Training Job Training
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Mphasis Pune Office Locations
Pune Office
Mphasis Limited
EON free Zone, Cluster C,
Kharadi Knowledge Park,
EON Kharadi Infrastructure Pvt. Ltd,
SEZ Plot No. 1,
Survey No. 77,
MIDC, Kharadi,
Pune - 411 014
Tel: 020 - 4074 0000
Fax: 020 - 6617 0000
Pune
411014
411014
Pune Office
Mphasis Limited
Cybercity, Tower IV Magarpatta,
Hadapsar, Pune - 411 028
Tel: 020 - 4014 1000 India
Pune
411028
411028
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