Insurance Broking Accounts Technician

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

Job summary

A leading Lloyd's Broker is expanding and seeks an Insurance Broking Accounts Technician in Luton. This role involves bank reconciliation, processing payments, and maintaining accurate records, with competitive compensation and attractive benefits. The ideal candidate will have insurance experience and strong communication 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 required.
• Insurance experience essential, especially in London Market.
• Knowledge of client money rules and legal principles important.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Maintaining accurate records using internal data management systems.

Skills

Attention to detail

Good communication skills

Time management

Education

Experience as an IBA Technician

Insurance experience

Knowledge of client money rules

Job description

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Insurance Broking Accounts Technician, Luton, Bedfordshire

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Client:

Nashrock Insurance Recruitment

Location:

Luton, Bedfordshire, 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 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 excellent performance and 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
• Performing bank reconciliations and understanding banking systems for premium, commission, and claims payments
• Maintaining accurate records using their internal 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
• Responding to 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; London Market experience (preferably with 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 with the ability to understand problems and propose solutions
• 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 5% employee contribution, 10% from the company)