Insurance Broking Accounts Technician

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

Job summary

A leading international Lloyd's Broker is seeking an Insurance Broking Accounts Technician to join their Finance and Technical Processing team. This role, based in Leeds, offers a competitive salary of up to £55,000 plus bonuses, with a structured benefits package, including private health insurance and a generous pension scheme. Ideal candidates will possess insurance market experience coupled with strong financial processing 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.
• Insurance experience essential, ideally within the London Market.
• Knowledge of client money rules and legal principles.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commissions, and claims payments.
• Liaison with international offices to provide IBA support.

Skills

Attention to detail

Problem-solving

Good communication

Job description

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Insurance Broking Accounts Technician, Leeds, West Yorkshire

Client: Nashrock Insurance Recruitment

Location: Leeds, West Yorkshire, 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 within the London Market Insurance. They have offices globally and are based in 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 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 for premium, commission, and claims payments
• Accurate record keeping using the internal electronic data management system
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealized Brokerage
• Producing intracompany reports and schedules
• Query resolution regarding receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison 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, ideally 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 and problem-solving abilities
• 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)