Insurance Broking Accounts Technician

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

Job summary

A leading International Lloyd's Broker seeks an Insurance Broking Accounts Technician to join their Finance and Technical Processing team. The successful candidate will handle bank reconciliations, manage client payments, and ensure compliance with client money rules. This role offers a competitive salary, plus bonuses and generous benefits, including health insurance and a pension scheme, with a hybrid working model.

Benefits

25 Days holiday

Death in service cover (7.5x base salary)

Private health insurance

Defined contribution pension scheme (company contributes 10%)

Qualifications

• Experience as an IBA Technician is essential.
• Insurance experience in the London Market preferred.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Maintaining accurate records using internal electronic data management systems.

Skills

Attention to detail

Communication

Time management

Education

Experience as an IBA Technician

Insurance experience in London Market

Job description

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Insurance Broking Accounts Technician, Swindon, Wiltshire

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Client:

Nashrock Insurance Recruitment

Location:

Swindon, Wiltshire, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

2

Posted:

04.06.2025

Expiry Date:

19.07.2025

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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. 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
• Performing bank reconciliations and understanding banking systems for premium, commission, and claims payments
• Maintaining accurate records 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
• Addressing 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 within the London Market (experience working for 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 the ability to understand problems and propose solutions
• 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 (minimum employee contribution 5%, with 10% contributed by the company)