Insurance Broking Accounts Technician

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

Job summary

A leading International Lloyd's Broker is seeking an experienced Insurance Broking Accounts Technician for their Southampton office. The role involves supporting finance and technical processing, performing bank reconciliations, and liaising with international offices. Offering up to £55,000 plus bonuses, with a mix of London office work and remote. Candidates should have a solid background in insurance, particularly within Lloyd's.

Benefits

Discretionary bonus

25 days holiday

Death in service cover (7.5x base salary)

Private health insurance

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

Qualifications

• Experience as an IBA Technician or similar role.
• Insurance experience in the London Market preferred.
• Knowledge of client money rules and legal principles.

Responsibilities

• Perform bank reconciliation and manage cash matching.
• Prepare and process claims payments and commissions.
• Maintain accurate records using electronic data systems.

Skills

Attention to detail

Good communication skills

Problem-solving ability

Time management

Job description

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Insurance Broking Accounts Technician, Southampton

Client: Nashrock Insurance Recruitment

Location: Southampton, 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

3 Days in London / 2 Days Remote

The Company

Our client is a highly reputable, well-established, leading International Lloyd's Broker with a strong presence in the London Market Insurance. Based in their Head Office in the City of London, near Lloyd's of London, they are expanding due to growth and are seeking a motivated IBA Technician to support their 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 related balances
• 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, ideally in the London Market (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 ability
• 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 (employee contributes 5%, employer 10%)