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Insurance Broking Accounts Technician, Newport
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Client:
Nashrock Insurance Recruitment
Location:
Newport, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Views:
2
Posted:
04.06.2025
Expiry Date:
19.07.2025
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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 in 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 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 premium, commission, and claims payments
* Maintaining accurate records using internal electronic data management systems
* 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
* Coordinating 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 Broker is advantageous)
* 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
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