Insurance Broking Accounts Technician

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

Job summary

A reputable international Lloyd's Broker based in London is seeking an Insurance Broking Accounts Technician to join their finance team. The role involves bank reconciliations, processing payments, and maintaining relationships with clients. With a salary of up to £55,000 and attractive benefits, this is an opportunity for motivated professionals with insurance experience to thrive.

Benefits

25 Days holiday

Death in service cover (7.5x base salary)

Private health insurance

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

Qualifications

• Experience as an IBA Technician.
• Insurance experience in London Market or Lloyd's Broker is essential.
• 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.
• Accurate record keeping using internal electronic data management systems.

Skills

Attention to detail

Good communication skills

Problem-solving abilities

Job description

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Insurance Broking Accounts Technician, Stockport

Client: Nashrock Insurance Recruitment

Location: Stockport, United Kingdom

Job Category: Other

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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 the Lloyd's of London building.

Due to their 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
• Bank reconciliations and 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, un-forwarded balances, and unrealised 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, ideally in London Market or Lloyd's Broker experience
• Knowledge of client money rules and legal principles in insurance
• Attention to detail and accuracy
• Good communication skills and problem-solving abilities
• Ability to manage time, prioritize, and meet deadlines
• Competitive salary and discretionary bonus
• 25 Days holiday
• Death in service cover (7.5x base salary)
• Private health insurance
• Defined contribution pension scheme (employee contribution 5%, employer 10%)