Insurance Broking Accounts Technician

JR United Kingdom; Preston; Hybrid; GBP 40,000 - 55,000; Full time

Job summary

A leading International Lloyd's Broker is seeking a motivated Insurance Broking Accounts Technician in Preston. This role involves handling bank reconciliations, processing payments, and supporting the Finance and Technical Processing team. Candidates should have strong attention to detail, insurance experience, and exceptional communication skills to thrive in this dynamic environment.

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.
• Insurance experience essential, ideally within London Market.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commissions, and claims payments.
• Liaising with international offices and providing IBA support.

Skills

Attention to detail

Good communication

Job description

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Insurance Broking Accounts Technician, Preston, Lancashire

Client: Nashrock Insurance Recruitment

Location: Preston, Lancashire, 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 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 Finance and Technical Processing team.

Role Duties

• Responsible for bank reconciliation and cash matching
• Preparing and processing premiums, commissions, 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 associated 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, 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 employee contribution 5%, with 10% contributed by the company)