Insurance Broking Accounts Technician

JR United Kingdom; Birmingham; Hybrid; GBP 40,000 - 55,000; Full time

Job summary

A leading international Lloyd's Broker is looking for an Insurance Broking Accounts Technician to join their team in Birmingham. The role involves handling bank reconciliations, processing claims, and maintaining relationships with clients and underwriters. This position offers a competitive salary, bonus opportunities, and attractive benefits including health insurance and a pension scheme.

Benefits

25 days holiday

Death in service cover (7.5x base salary)

Private health insurance

Defined contribution pension scheme (employee contrib. 5%, employer 10%)

Qualifications

• Experience in the London Market and knowledge of Lloyd's Brokers advantageous.
• Ability to meet deadlines without compromising quality.

Responsibilities

• Perform bank reconciliation and process premiums and claims payments.
• Accurate record keeping and monitoring credit risks.
• Collaborate with international offices and handle client queries.

Skills

Attention to detail

Good communication skills

Problem-solving ability

Time management

Education

Experience as an IBA Technician

Insurance experience, preferably in the London Market

Knowledge of client money rules and legal principles

Job description

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Insurance Broking Accounts Technician, Birmingham

Client: Nashrock Insurance Recruitment

Location: Birmingham, United Kingdom

Job Category: Other

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EU work permit required:

Yes

Job Views:

1

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 have offices worldwide and are based in their Head Office in the heart of the City of London, near the Lloyd's of London building.

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

Role Duties

• Bank reconciliation and cash matching
• Preparing and processing premiums, commission, and claims payments
• Knowledge of banking systems for premium, commission, and claims payments
• Accurate record keeping 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
• Collaborating with international offices and providing IBA support
• Building and maintaining constructive relationships with internal clients

About You

• Experience as an IBA Technician
• Insurance experience, preferably in the London Market (experience with Lloyd's Brokers advantageous)
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills and problem-solving ability
• Time management and ability to meet deadlines without compromising quality
• Competitive salary with discretionary bonus
• 25 days holiday
• Death in service cover (7.5x base salary)
• Private health insurance
• Defined contribution pension scheme (employee contribution 5%, employer 10%)