Insurance Broking Accounts Technician

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

Job summary

A leading international Lloyd's Broker seeks an IBA Technician in Shrewsbury. The role involves bank reconciliation, processing payments, and liaising with international offices. Competitive salary up to £55,000, along with a discretionary bonus and benefits including private health insurance and a generous pension scheme offered.

Benefits

25 Days holiday

Death in service cover (7.5x base salary)

Private health insurance

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

Qualifications

• Experience as an IBA Technician is required.
• Knowledge of insurance client money rules is essential.
• Experience in the London Market is advantageous.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Processing premiums, commissions, and claims payments.
• Liaising with clients and providing IBA support.

Skills

Attention to detail

Communication

Time Management

Job description

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Insurance Broking Accounts Technician, Shrewsbury

Client: Nashrock Insurance Recruitment

Location: Shrewsbury, 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 sector. 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 a motivated IBA Technician to support the activities of 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 unrealized Brokerage
• Producing intracompany reports and associated schedules
• Query resolution related to receipts of unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaising with international offices and providing IBA support
• Building and maintaining constructive working 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% employer contribution)