At a Glance
- Tasks: Join our IBA team to manage premium collections and claims efficiently.
- Company: Amwins Global Risks, a top 10 Lloyd's contributor with a global presence.
- Benefits: Support for professional growth, competitive salary, and a diverse workplace.
- Why this job: Be part of a collaborative environment that values your expertise and relationships.
- Qualifications: Understanding of insurance principles and proficiency in MS Office required.
- Other info: Dynamic career pathways with opportunities for advancement and skill development.
The predicted salary is between 28800 - 43200 £ per year.
At Amwins Global Risks, we succeed together. We’re forging relationships that are built to last. With over 700 employees around the world and a global footprint across more than 150 countries, we’ve cemented our place as a top 10 contributor to Lloyd’s. Insurance is a relationship-based business, and achieving success means hiring the best talent in the industry. When you join us, we will encourage and support your professional and personal development as we invest in you and your learning to help you succeed and grow. We believe in a flat organisational structure that prizes expertise and relationships equally. We’ve built a workplace where talent, collaboration and inclusivity are valued, and our commitment to diversity, equity and inclusion helps cultivate an open, welcoming workplace where everyone who works with us can be themselves.
The Opportunity: Our Insurance Broking Accounting (IBA) Team are a central department in the Company and maintaining close relationships with internal divisions and external trading partners. The team are responsible for ensuring prompt collection of premium, payment of claims/refunds, administration of ledgers for payments and receipts and complete detailed analysis of uncollected premiums, cash and funding.
As an Established Technician, you will carry out tasks, routines and procedures with moderate guidance. You will have developed a wider knowledge of policies and procedures, building your understanding of the insurance market as a whole and how it affects your work. You will be able to solve problems through application of your own knowledge and experience. Our defined career pathways give you the opportunity to develop, build your experience and increase your salary. There are opportunities within our business for people with the right skills, behaviours and attitude to build their career and achieve their aspirations.
Responsibilities:
- Document Creation - Complete standard document templates for distribution both internally and externally without errors.
- Data Entry - Fully and accurately view, enter, amend, update and submit data onto relevant systems.
- Managing Information - Create and maintain electronic and paper files.
- Departmental Reports - Review and update departmental reports taking action as appropriate, in line with procedures.
- Reconciliation Payments Statements Allocating.
Knowledge/Skills/Qualifications:
- Understands the principles of insurance.
- Follow documented processes and procedures.
- Proficient use of MS Office and relevant computer systems.
- Developing knowledge of LIMNET, IMR and LORS where required.
- Knowledge of settlement conditions and implications associated with failure to meet deadlines.
- May have some knowledge of credit write backs relevant to Legacy work.
- Understand the link between own role and Technical (Ops).
- Where relevant to the job holder’s department, has developed knowledge of London Market Finance Schemes, warranties, LSW 3000s and Premium Payment Warranties.
- Aware of FCA CASS 5 rules governing insurance broking transactions.
Key Competencies:
- Accurate Data & Management Information.
- Communicating and Influencing.
- Customer Focus.
- Information Seeking.
- Planning and Organising.
- Team Working.
- Decision Making.
Insurance Broking Accounts Technician in Cheltenham employer: Amwins Global Risks
Contact Detail:
Amwins Global Risks Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Broking Accounts Technician in Cheltenham
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry. Attend events, join online forums, or even hit up LinkedIn. The more relationships you build, the better your chances of landing that IBA Technician role.
✨Tip Number 2
Show off your skills! When you get the chance to chat with potential employers, highlight your knowledge of insurance principles and your proficiency with MS Office. Make sure they know you’re ready to tackle those data entry tasks without breaking a sweat.
✨Tip Number 3
Be proactive! If you see a job opening on our website, don’t just sit back. Reach out to someone in the company, ask questions, and express your enthusiasm. It shows you’re genuinely interested and can set you apart from other candidates.
✨Tip Number 4
Prepare for interviews by brushing up on your knowledge of the London Market and FCA CASS 5 rules. Being well-versed in these areas will not only boost your confidence but also impress your interviewers. They’ll love seeing that you’re ready to hit the ground running!
We think you need these skills to ace Insurance Broking Accounts Technician in Cheltenham
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the IBA Technician role. Highlight your relevant experience in insurance and any specific skills that match the job description. We want to see how you fit into our team!
Showcase Your Skills: Don’t just list your qualifications; demonstrate how you've used them in real situations. Whether it’s data entry or managing information, give us examples that show you can handle the responsibilities of the role.
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon unless it’s relevant. We appreciate a well-structured application that gets straight to the point!
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Amwins Global Risks
✨Know Your Insurance Basics
Before the interview, brush up on the fundamental principles of insurance and the specific processes related to broking accounts. Understanding terms like premium collection, claims payment, and reconciliation will show that you’re serious about the role and have a solid foundation.
✨Showcase Your Attention to Detail
As an IBA Technician, accuracy is key. Prepare examples from your past experiences where your attention to detail made a difference. Whether it’s completing documents without errors or managing data entry, be ready to discuss how you ensure precision in your work.
✨Demonstrate Your Team Spirit
Amwins values collaboration, so be prepared to talk about how you’ve worked effectively in teams. Share specific instances where you’ve contributed to team goals or helped resolve conflicts, highlighting your ability to communicate and influence positively.
✨Familiarise Yourself with Relevant Tools
Get comfortable with MS Office and any other relevant systems mentioned in the job description, like LIMNET or IMR. If you have experience with these tools, mention it during the interview. If not, express your willingness to learn and adapt quickly.