Insurance Broking Accounts Technician

JR United Kingdom; Worcester; Hybrid; GBP 46,000 - 55,000; Full time

Job summary

A leading international Lloyd's Broker is seeking an Insurance Broking Accounts Technician for their Worcester office. The role involves financial support, managing transactions, and ensuring compliance with insurance regulations, offering a competitive salary of up to £55,000 plus benefits. The candidate should have relevant IBA experience and strong attention to detail.

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 in the London Market.
• Knowledge of client money rules and insurance legal principles.

Responsibilities

• Conduct bank reconciliation and cash matching.
• Prepare and process premiums, commissions, and claims payments.
• Resolve queries related to unexpected or unidentified funds.

Skills

Attention to detail

Good communication skills

Problem-solving ability

Time management skills

Job description

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Insurance Broking Accounts Technician, Worcester

Client: Nashrock Insurance Recruitment

Location: Worcester, 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, leading international Lloyd's Broker with a strong presence in 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 their Finance and Technical Processing team.

Role Duties

• Bank reconciliation and cash matching
• Preparing and processing premiums, commissions, and claims payments
• 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 unrealized 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 the London Market (experience with Lloyd's Brokers 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 skills 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 (minimum 5% employee contribution, 10% employer contribution)