Insurance Broking Accounts Technician

JR United Kingdom; Maidstone; 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 team. The role involves managing bank reconciliations, processing claims, and ensuring compliance with legal principles in insurance. Candidates should have relevant experience in the London Market and strong attention to detail, with opportunities for competitive salary and attractive benefits.

Benefits

25 days holiday

Death in service cover (7.5x base salary)

Private health insurance

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

Qualifications

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

Responsibilities

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

Skills

Attention to detail

Good communication skills

Time management

Job description

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Insurance Broking Accounts Technician, Maidstone

Client: Nashrock Insurance Recruitment

Location: Maidstone, United Kingdom

Job Category: Other

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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 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 Finance and Technical Processing team.

Role Duties

• Responsible for bank reconciliation and cash matching
• Preparing and processing premiums, commission, and claims payments
• Managing 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 unrealised 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 is essential, ideally within the London Market (experience with Lloyd's Brokers 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 tasks, 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 employer)