Insurance Broking Accounts Technician

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

Job summary

A leading International Lloyd's Broker is expanding its team in Chester and looking for a motivated Insurance Broking Accounts Technician. The successful candidate will play a vital role in supporting the Finance and Technical Processing team, handling duties such as bank reconciliation and claims payments, while upholding high standards of accuracy and communication.

Benefits

25 Days holiday

Death in service cover (7.5x base salary)

Private health insurance

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

Qualifications

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

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Collaborating with international offices and providing IBA support.

Skills

Attention to detail

Communication skills

Problem-solving ability

Time management

Job description

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Insurance Broking Accounts Technician, Chester

Client: Nashrock Insurance Recruitment

Location: Chester, United Kingdom

Job Category: Other

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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. They have offices globally and are 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, commission, and claims payments
• Knowledge of banking systems for premium, commission, and claims payments
• Accurate record keeping using their electronic data management system
• Monitoring credit risk, funding, unallocated cash, 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, ideally London Market experience (Lloyd's Broker experience is 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 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%)