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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)
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