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Insurance Broking Accounts Technician, Wakefield
Client: Nashrock Insurance Recruitment
Location: Wakefield, 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, 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 City of London, near Lloyd's of London.
Due to growth, they are expanding and seeking a motivated IBA Technician to support the Finance and Technical Processing team.
Role Duties
* Bank reconciliation and cash matching
* Preparing and processing premiums, commission, and claims payments
* Knowledge of banking systems for premium, commission, and claims payments
* Accurate record keeping with internal electronic data management systems
* Monitoring credit risk, funding, unallocated cash, un-forwarded balances, and unrealised Brokerage
* Producing intracompany reports and schedules
* Query resolution regarding unexpected or unidentified funds
* Query resolution 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, preferably London Market experience (working for a 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 ability
* Time management and ability 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 (employee contribution 5%, company 10%)
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