Insurance Broking Accounts Technician

JR United Kingdom; Colchester; Hybrid; GBP 55,000 - 64,000; Full time

Job summary

A leading international Lloyd's Broker seeks an Insurance Broking Accounts Technician for their office in London. The role involves managing bank reconciliation, processing payments, and maintaining relationships with internal clients. Candidates must have insurance experience, particularly in the London Market, and strong attention to detail, alongside various benefits including private health insurance and a competitive salary.

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 is required.
• Essential insurance experience, preferably in the London Market.
• Knowledge of client money rules and legal principles in insurance.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Monitoring credit risk and producing intracompany reports.

Skills

Attention to detail

Communication

Problem-solving

Job description

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Insurance Broking Accounts Technician, colchester

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Client:

Nashrock Insurance Recruitment

Location:

colchester, 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, who have a strong presence within the London Market Insurance. With offices globally, you will be based in their Head Office, in the heart of the City of London and only a stone throw away from the prestigious Lloyd's of London building.

Due to their excellent performance and growth, they are now expanding and are seeking motivated IBA Technician to support the activities of the Finance and Technical Processing team.

Role Duties

• Responsible for bank reconciliation and cash matching
• Preparing and processing premiums, commission and claims payments
• Bank reconciliations and knowledge of banking systems to enable premium, commission and claims payments
• Accurate record keeping using our internal electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances and unrealised Brokerage
• Production on intracompany reports and associated schedules
• Query resolution in relation to receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison with international offices and providing IBA support
• To build and maintain constructive working relationships with internal clients

About You

• You will have experience of performing the role of a IBA Technician
• Having Insurance experienced is essential - ideally London Market experience (working for a Lloyd's Broker is advantageous)
• Working knowledge of client money rules and legal principles applicable to insurance
• Attention to detail and accuracy
• Good communication with ability and desire to understand problems and propose appropriate solutions that achieve the desired outcome
• Ability to manage time, prioritise and ensure the deadlines are met without compromising on 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% of base, with 10% contributed by company)