Insurance Broking Accounts Technician

JR United Kingdom; Basildon; Hybrid; GBP 45,000 - 55,000; Full time

Job summary

A leading international Lloyd's Broker in the London Market seeks a motivated IBA Technician in Basildon. The role includes bank reconciliation, handling premiums, and maintaining accurate records. Competitive salary up to £55,000 with attractive benefits like private health insurance and holiday. Flexibility with 3 days in London and 2 days remote.

Benefits

Competitive salary and discretionary bonus

25 days holiday

Death in service cover (7.5x base salary)

Private health insurance

Defined contribution pension scheme

Qualifications

• Experience as an IBA Technician.
• Insurance experience essential, London Market experience preferred.
• Knowledge of client money rules and legal principles.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Resolving queries related to unexpected or unidentified funds.

Skills

Attention to detail

Communication

Problem solving

Job description

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Insurance Broking Accounts Technician, Basildon

Client: Nashrock Insurance Recruitment

Location: Basildon, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views:

2

Posted:

04.06.2025

Expiry Date:

19.07.2025

Job Description:

Up to £55,000 + Bonus & Attractive Benefits (listed below)

3 Days in London / 2 Days Remote

The Company

Our client is a highly reputable, well-established, and leading international Lloyd's Broker with a strong presence in the London Market Insurance sector. They operate globally, with their head office located in the heart of the City of London, near the Lloyd's of London building.

Due to their excellent performance and growth, they are expanding and seeking a motivated IBA Technician to support the Finance and Technical Processing team.

Role Duties

• Responsible for bank reconciliation and cash matching
• Preparing and processing premiums, commission, and claims payments
• Performing bank reconciliations and understanding banking systems for premium, commission, and claims payments
• Maintaining accurate records using internal electronic data management systems
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised brokerage
• Producing intracompany reports and schedules
• Resolving queries related to unexpected or unidentified funds
• Handling queries from clients and underwriters
• Liaising with international offices and providing IBA support
• Building and maintaining constructive relationships with internal clients

About You

• Experience as an IBA Technician
• Insurance experience is essential; London Market experience (preferably with a Lloyd's Broker) is advantageous
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills with the ability to understand problems and propose solutions
• Ability to manage time, prioritize, and meet deadlines without compromising quality
• Competitive salary and discretionary bonus
• 25 days holiday
• Death in service cover (7.5x base salary)
• Private health insurance
• Defined contribution pension scheme (minimum employee contribution 5%, with 10% contributed by the company)