Insurance Broking Accounts Technician

JR United Kingdom; Wakefield; Hybrid; GBP 55,000 - 64,000; Full time

Job summary

A leading International Lloyd's Broker is seeking a motivated Insurance Broking Accounts Technician in Wakefield to support their Finance and Technical Processing team. This role involves vital duties such as bank reconciliation, query resolution, and maintaining records, with a competitive salary of up to £55,000 plus benefits including health insurance and 25 days holiday.

Benefits

25 Days holiday

Death in service cover (7.5x base salary)

Private health insurance

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

Qualifications

• Experience as an IBA Technician.
• Insurance experience essential, preferably in London Market.
• Knowledge of client money rules and legal principles in insurance.

Responsibilities

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

Skills

Attention to detail

Communication skills

Problem-solving ability

Time management

Job description

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Insurance Broking Accounts Technician, Wakefield

Client: Nashrock Insurance Recruitment

Location: Wakefield, 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, 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 City of London, near Lloyd's of London.

Due to growth, they are expanding and seeking a motivated IBA Technician to support the 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 with internal electronic data management systems
• Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised Brokerage
• Producing intracompany reports and schedules
• Query resolution regarding unexpected or unidentified funds
• Query resolution 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, preferably 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 and problem-solving ability
• Time management and ability to 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 (employee contribution 5%, company 10%)