Insurance Broking Accounts Technician

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

Job summary

A leading International Lloyd's Broker is seeking a motivated Insurance Broking Accounts Technician in Nottingham. This role involves essential responsibilities such as bank reconciliation, processing payments, and maintaining client relationships. Ideal candidates will possess strong insurance market knowledge and excellent communication skills, promising a competitive salary and a range of attractive benefits.

Benefits

25 Days holiday

Death in service cover (7.5x base salary)

Private health insurance

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

Qualifications

• Experience as an IBA Technician.
• Insurance experience essential; London Market preferred.

Responsibilities

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

Skills

Attention to detail

Good communication skills

Job description

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Insurance Broking Accounts Technician, Nottingham

Client:

Nashrock Insurance Recruitment

Location:

Nottingham, United Kingdom

Job Category:

Other

EU work permit required:

Yes

Job Views:

1

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 and excellent performance, 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 using banking systems for premium, commission, and claims payments
• Maintaining accurate records using internal electronic data management systems
• 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 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% employer contribution)