Insurance Broking Accounts Technician

JR United Kingdom; Lincoln; Hybrid; GBP 55,000; Full time

Job summary

A leading International Lloyd's Broker seeks an Insurance Broking Accounts Technician in Lincoln. The role involves supporting the Finance team with tasks like bank reconciliations and claims processing. Competitive salary up to £55,000 plus bonuses and attractive benefits, including private health insurance and a pension scheme.

Benefits

25 Days holiday

Death in service cover (7.5x base salary)

Private health insurance

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

Qualifications

• Experience with London Market insurance is preferred.
• Familiarity with client money rules and legal principles in insurance required.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Building and maintaining relationships with clients.

Skills

Attention to detail

Good communication skills

Problem-solving

Time management

Education

Experience as an IBA Technician

Insurance experience

Job description

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Insurance Broking Accounts Technician, Lincoln

Client: Nashrock Insurance Recruitment

Location: Lincoln, 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 (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. 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

• Responsible for bank reconciliation and cash matching
• Preparing and processing premiums, commission, and claims payments
• Performing bank reconciliations and understanding banking systems for premium, commission, and claims payments
• Maintaining accurate records using their electronic data management system
• 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 is essential, ideally with 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 abilities
• 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%)