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: Build lasting relationships in a dynamic insurance environment while developing your career.
- Qualifications: Understanding of insurance principles and proficiency in MS Office required.
- Other info: Flat structure promoting collaboration and inclusivity for all employees.
The predicted salary is between 36000 - 60000 £ 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.
Knowledge/Skills/Qualifications:
- Understands the principles of insurance.
- Follows 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.
Insurance Broking Accounts Technician 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
✨Tip Number 1
Network like a pro! Reach out to people in the insurance industry, especially those working at Amwins Global Risks. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of the insurance market. Understand how your role as an IBA Technician fits into the bigger picture. We want to see that you’re not just ticking boxes but genuinely interested in making an impact.
✨Tip Number 3
Showcase your skills! Bring examples of your past work that demonstrate your accuracy in data entry and document creation. We love seeing how you’ve tackled challenges and what you’ve learned along the way.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our team at Amwins Global Risks.
We think you need these skills to ace Insurance Broking Accounts Technician
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 document creation, give us examples of how you’ve excelled in these areas. We love seeing practical applications of your skills!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language and avoid jargon unless it’s relevant to the role. We appreciate a well-structured application that’s easy to read!
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way to ensure it gets to the right people. Plus, you’ll find all the details you need about the role and our company there!
How to prepare for a job interview at Amwins Global Risks
✨Know Your Insurance Basics
Before heading into the interview, brush up on the fundamental principles of insurance. Understanding key concepts like premium collection, claims processing, and reconciliation will show that you’re not just familiar with the role but also genuinely interested in the industry.
✨Showcase Your Attention to Detail
As an IBA Technician, accuracy is crucial. Prepare examples from your past experiences where your attention to detail made a difference. Whether it’s catching an error in data entry or ensuring compliance with FCA CASS 5 rules, demonstrating this skill can set you apart.
✨Familiarise Yourself with Relevant Systems
Get to know the software and systems mentioned in the job description, like LIMNET and IMR. If you have experience with similar tools, be ready to discuss how you’ve used them effectively in previous roles. This shows you’re proactive and ready to hit the ground running.
✨Emphasise Relationship Building
Since insurance is all about relationships, think of ways you’ve successfully built rapport with colleagues or clients in the past. Be prepared to share specific examples that highlight your interpersonal skills and how they contributed to successful outcomes.