Insurance Broking Accounts Technician

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

Job summary

A leading International Lloyd's Broker is seeking an experienced Insurance Broking Accounts Technician to support their Finance and Technical Processing team. This role involves bank reconciliations, payment processing, and maintaining records, requiring significant attention to detail and experience in the insurance industry, particularly within the London market. Generous benefits like private health insurance and a defined contribution pension scheme are included.

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 essential, ideally with London Market exposure.
• Knowledge of client money rules and legal principles applicable to insurance.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Monitoring credit risk and producing intracompany reports.

Skills

Attention to detail

Good communication skills

Problem-solving

Job description

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Insurance Broking Accounts Technician, Telford

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Client:

Nashrock Insurance Recruitment

Location:

Telford, 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 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 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
• 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 regarding unexpected or unidentified funds
• Query resolution from clients and underwriters
• Liaison 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, ideally 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 and problem-solving abilities
• 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 employee contribution 5%, with 10% contributed by the company)