Insurance Broking Accounts Technician

JR United Kingdom; Chesterfield; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

A leading international Lloyd's Broker is looking for an Insurance Broking Accounts Technician to join their growing team in Chesterfield. The role involves crucial duties such as processing payments and maintaining records. In return, the position offers a competitive salary up to £55,000, a discretionary bonus, and various attractive benefits including private health insurance and a pension scheme.

Benefits

Discretionary bonus

25 days holiday

Death in service cover (7.5x salary)

Private health insurance

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

Qualifications

• Experience as an IBA Technician.
• Insurance experience, preferably within the London Market or Lloyd's Broker.
• Knowledge of client money rules and legal principles in insurance.

Responsibilities

• Perform bank reconciliation and cash matching.
• Process premiums, commissions, and claims payments.
• Maintain accurate records using internal electronic data management systems.

Skills

Attention to detail

Communication

Problem Solving

Time Management

Education

Experience as an IBA Technician

Insurance experience

Job description

Insurance Broking Accounts Technician, Chesterfield

Client: Nashrock Insurance Recruitment

Location: Chesterfield, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views: 2

Posted: 04.06.2025

Expiry Date: 19.07.2025

Job Description

Salary: Up to £55,000 + Bonus & Attractive Benefits

Work Arrangement: 3 Days in London / 2 Days Remote

The Company

Our client is a highly reputable, well-established international Lloyd's Broker with a strong presence in the London Market Insurance sector. Their headquarters are located in the heart of the City of London, near Lloyd's of London.

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

Role Duties

• Bank reconciliation and cash matching
• Processing premiums, commissions, and claims payments
• 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, and unrealised brokerage
• Producing intracompany reports and schedules
• Resolving queries related to unexpected or unidentified funds
• Addressing 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, preferably within the London Market or Lloyd's Broker
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills and problem-solving abilities
• Time management and ability to meet deadlines without compromising quality
• Benefits include a competitive salary, discretionary bonus, 25 days holiday, death in service cover (7.5x salary), private health insurance, and a defined contribution pension scheme (employee contribution 5%, employer 10%)