Insurance Broking Accounts Technician

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

Job summary

An established International Lloyd's Broker seeks an Insurance Broking Accounts Technician to support their Finance and Technical Processing team. The role offers competitive pay up to £55,000, a bonus, and attractive benefits including health insurance and 25 days holiday. The position involves managing financial transactions, maintaining records, and collaborating with internal clients, requiring prior insurance experience and strong communication skills.

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 required.
• Insurance experience essential; Lloyd's Broker experience advantageous.
• Knowledge of client money rules applicable to insurance.

Responsibilities

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

Skills

Attention to detail

Good communication skills

Time management

Job description

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Insurance Broking Accounts Technician, Cardiff

Client: Nashrock Insurance Recruitment

Location: Cardiff, United Kingdom

Job Category: Other

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. With global offices, 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 growth and excellent performance, 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
• Handling bank reconciliations and knowledge of 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
• Addressing 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 is essential; London Market experience (working for a Lloyd's Broker) is advantageous
• Knowledge of client money rules and legal principles applicable to 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)