Insurance Broking Accounts Technician

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

Job summary

A leading international Lloyd's Broker is seeking an Insurance Broking Accounts Technician in Derby. This role involves financial reconciliation, claims processing, and building client relationships, offering a salary up to £55,000 with attractive benefits including private health insurance and a pension scheme.

Benefits

25 days holiday

Death in service cover (7.5x salary)

Private health insurance

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

Qualifications

• Experience in the London Market or Lloyd's Broker preferred.
• Ability to meet deadlines and manage time effectively.

Responsibilities

• Bank reconciliation and cash matching.
• Preparing and processing premiums, commissions, and claims payments.
• Liaising with international offices and providing IBA support.

Skills

Attention to detail

Problem-solving

Communication

Time management

Education

Experience as an IBA Technician

Knowledge of client money rules

Job description

Insurance Broking Accounts Technician, Derby

Client:

Nashrock Insurance Recruitment

Location:

Derby, United Kingdom

Job Category:

Other

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

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 within 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

• Bank reconciliation and cash matching
• Preparing and processing premiums, commissions, and claims payments
• Knowledge of banking systems for premium, commission, and claims payments
• Accurate record keeping 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, preferably 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 ability
• Time management and ability to meet deadlines
• Salary up to £55,000 plus discretionary bonus
• 25 days holiday
• Death in service cover (7.5x salary)
• Private health insurance
• Defined contribution pension scheme (employee 5%, employer 10%)