Insurance Broking Accounts Technician

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

Job summary

A leading International Lloyd's Broker based in London is seeking a motivated Insurance Broking Accounts Technician. The role involves supporting financial and technical processing, including bank reconciliation, record maintenance, and liaising with clients and underwriters. The position offers a competitive salary, attractive benefits, and flexibility for remote work.

Benefits

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 is essential; London Market experience advantageous.
• Knowledge of client money rules and legal principles in insurance.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commissions, and claims payments.
• Maintaining accurate records using internal electronic data management systems.

Skills

Attention to detail

Communication

Problem solving

Time management

Job description

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Insurance Broking Accounts Technician, Bolton, Greater Manchester

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Client:

Nashrock Insurance Recruitment

Location:

Bolton, Greater Manchester, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

2

Posted:

04.06.2025

Expiry Date:

19.07.2025

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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. With offices globally, you will be based at 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

• Responsible for bank reconciliation and cash matching
• Preparing and processing premiums, commissions, and claims payments
• Performing bank reconciliations and understanding banking systems for payments
• Maintaining accurate records using internal electronic data management systems
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized 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 (working for a Lloyd's Broker) is advantageous
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills and problem-solving abilities
• Time management skills to 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 (employee contribution 5%, employer 10%)