Insurance Broking Accounts Technician

JR United Kingdom; London; Hybrid; GBP 50,000 - 55,000; Full time

Job summary

A leading International Lloyd's Broker based in London is seeking an Insurance Broking Accounts Technician to join their Finance and Technical Processing team. The role involves bank reconciliation, processing payments, and liaising with clients. Offering a competitive salary, discretionary bonus, and extensive benefits.

Benefits

Discretionary bonus

25 days holiday

Death in service cover (7.5x salary)

Private health insurance

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

Qualifications

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

Responsibilities

• Bank reconciliation and cash matching.
• Preparing and processing premiums, commissions, and claims payments.
• Accurate record keeping using internal electronic data management systems.

Skills

Attention to detail

Good communication skills

Problem understanding

Solution proposing abilities

Time management

Prioritization

Job description

Insurance Broking Accounts Technician, London

Client: Nashrock Insurance Recruitment

Location: London, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views: 3

Posted: 06.06.2025

Expiry Date: 21.07.2025

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, and leading International Lloyd's Broker with a strong presence in the London Market Insurance sector. Based in their Head Office in the heart of the City of London, near Lloyd's of London, they are expanding due to excellent performance and growth, seeking a motivated IBA Technician to support their 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
• 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 in the London Market, with Lloyd's Broker experience advantageous
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills, problem understanding, and solution proposing abilities
• Time management, prioritization, and meeting 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%)