Insurance Broking Accounts Technician

JR United Kingdom; Northampton; Hybrid; GBP 45,000 - 60,000; Full time

Job summary

A prestigious international Lloyd's Broker is seeking an Insurance Broking Accounts Technician for their Northampton office. This role involves critical financial duties including bank reconciliations, premium processing, and client interactions, offering a competitive salary, discretionary bonuses, and attractive benefits, while providing opportunities to work remotely.

Benefits

25 Days holiday

Death in service cover (7.5x base salary)

Private health insurance

Defined contribution pension scheme (5% employee contribution)

Qualifications

• Experience as an IBA Technician is essential.
• Knowledge of client money rules and legal principles applicable to insurance.
• Ability to manage time and meet deadlines.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Producing intracompany reports and schedules.

Skills

Attention to detail

Communication skills

Organizational skills

Job description

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Insurance Broking Accounts Technician, Northampton

Client: Nashrock Insurance Recruitment

Location: Northampton, 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 excellent performance and growth, they are expanding and seeking 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
• Bank reconciliations and knowledge of banking systems to enable premium, commission, and claims payments
• Accurate record keeping using internal electronic data management systems
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised Brokerage
• Producing intracompany reports and schedules
• Query resolution related to 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; 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, 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)