Insurance Broking Accounts Technician

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

Job summary

A prestigious Lloyd's Broker in London seeks an IBA Technician to support their Finance and Technical Processing team. This role involves handling bank reconciliations, processing payments, and ensuring compliance with insurance regulations. The position offers competitive salary and attractive benefits including private health insurance and generous holiday entitlement.

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.
• Familiarity with client money rules and legal principles in insurance essential.
• Insurance experience, preferably in the London Market or Lloyd's Broker, is crucial.

Responsibilities

• Responsible for bank reconciliation and cash matching.
• Preparing and processing premiums, commission, and claims payments.
• Liaising with international offices and providing IBA support.

Skills

Attention to detail

Problem-solving

Communication skills

Job description

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Insurance Broking Accounts Technician, Watford, Hertfordshire

Client: Nashrock Insurance Recruitment

Location: Watford, Hertfordshire, 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, and leading International Lloyd's Broker with a strong presence within the London Market Insurance. With offices globally, you will be based at 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
• Performing bank reconciliations and understanding banking systems for payments
• Maintaining accurate records using internal electronic data management systems
• Monitoring credit risk, funding, unallocated cash, and unrealized 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, preferably in the London Market or Lloyd's Broker, is essential
• 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 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 5% employee contribution, 10% from employer)