Insurance Broking Accounts Technician

JR United Kingdom; Reading; Hybrid; GBP 46,000 - 55,000; Full time

Job summary

A leading international Lloyd's Broker is seeking a motivated Insurance Broking Accounts Technician for their Finance and Technical Processing team. With a competitive salary of up to £55,000 plus bonus and attractive benefits, this role involves bank reconciliations and maintaining records vital to the London Market Insurance sector.

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 required.
• Insurance experience is essential; London Market experience is advantageous.
• Knowledge of client money rules and legal principles in insurance.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Resolving queries from clients and underwriters.

Skills

Problem-solving

Attention to detail

Communication

Job description

Social network you want to login/join with:

Insurance Broking Accounts Technician, Reading

Client:

Nashrock Insurance Recruitment

Location:

Reading, 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 in the London Market Insurance sector. With global offices, the role is 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, commission, and claims payments
• Conducting bank reconciliations and utilizing banking systems for payments
• Maintaining accurate records 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; London Market experience (preferably with a Lloyd's Broker) is advantageous
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills with problem-solving abilities
• Ability to manage time, prioritize, and 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 (employee contribution minimum 5%, with 10% contributed by the company)