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Insurance Broking Accounts Technician, Maidstone
Client: Nashrock Insurance Recruitment
Location: Maidstone, 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, and leading international Lloyd's Broker with a strong presence within 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 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
* Managing bank reconciliations and understanding banking systems for premium, commission, and claims payments
* Maintaining accurate records using their electronic data management system
* Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised 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 is essential, ideally within the London Market (experience with Lloyd's Brokers is advantageous)
* Knowledge of client money rules and legal principles applicable to insurance
* Attention to detail and accuracy
* Good communication skills with the ability to understand problems and propose solutions
* Ability to manage time, prioritize tasks, 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 the employer)
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