Insurance Broking Accounts Technician

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

Job summary

A leading International Lloyd's Broker is seeking an Insurance Broking Accounts Technician to join their Finance and Technical Processing team. This role, based in Peterborough with an office in London, involves responsibilities like bank reconciliation, client support, and compliance with legal principles in insurance. Competitive salary up to £55,000 plus bonuses and extensive benefits including holiday, health insurance, and pension contributions.

Benefits

25 days holiday

Death in service cover (7.5x base salary)

Private health insurance

Defined contribution pension scheme

Qualifications

• Experience in the London Market, preferably Lloyd's Broker.
• Knowledge of client money rules and legal principles in insurance.
• Ability to meet deadlines without compromising quality.

Responsibilities

• Bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Liaising with international offices and providing IBA support.

Skills

Attention to detail

Good communication skills

Problem-solving abilities

Time management

Education

Experience as an IBA Technician

Insurance experience

Tools

Internal electronic data management systems

Job description

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Insurance Broking Accounts Technician, Peterborough

Client: Nashrock Insurance Recruitment

Location: Peterborough, United Kingdom

Job Category: Other

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 in the London Market Insurance. They have offices globally and are based in their Head Office in the heart of the City of London, near Lloyd's of London.

Due to their growth, they are seeking a motivated IBA Technician to support the Finance and Technical Processing team.

Role Duties

• Bank reconciliation and cash matching
• Preparing and processing premiums, commission, 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, and unrealized brokerage
• Producing intracompany reports and schedules
• Resolving queries related to unexpected or unidentified funds
• Handling 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, preferably London Market experience (Lloyd's Broker experience is advantageous)
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills and problem-solving abilities
• Time management and ability to meet deadlines without compromising quality
• Competitive salary with 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)