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For Companies At a Glance
- Tasks: Join our IBA team to manage insurance accounts and ensure smooth financial operations.
- Company: Amwins Global Risks, a top 10 Lloyd's contributor with a global presence.
- Benefits: Career development, inclusive culture, and opportunities for growth in a supportive environment.
- Why this job: Be part of a dynamic team that values relationships and professional growth.
- Qualifications: Understanding of insurance principles and proficiency in MS Office required.
- Other info: Flat organisational structure promoting collaboration and inclusivity.
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.
Introduction
As an Established Technician, you will carry out tasks, routines and procedures with moderate guidance as opposed to direct and close supervision. 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.
- Awareness 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 UK
Contact Detail:
AMWINS UK 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! Reach out to people in the insurance industry, especially those at Amwins Global Risks. Attend events, join online forums, and don’t be shy about asking for informational interviews. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values around collaboration and inclusivity. When you know what they stand for, you can tailor your responses to show how you fit right in with their team.
✨Tip Number 3
Showcase your skills through practical examples. Be ready to discuss specific situations where you've demonstrated your knowledge of insurance principles or problem-solving abilities. This will help you stand out as someone who can hit the ground running.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in being part of the Amwins team.
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 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 UK
✨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 the importance of compliance with FCA CASS 5 rules 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 was in data entry or document creation. Highlighting these moments will demonstrate your capability to handle the responsibilities of the role effectively.
✨Familiarise Yourself with Relevant Systems
Get to know the systems mentioned in the job description, like LIMNET, IMR, and LORS. If you have experience with similar software, be ready to discuss it. If not, do a bit of research to understand how they function. This shows initiative and readiness to adapt to their processes.
✨Emphasise Teamwork and Communication Skills
Since the role involves maintaining relationships with internal divisions and external partners, be prepared to discuss your teamwork and communication skills. Share specific examples of how you’ve successfully collaborated with others in the past, as this aligns perfectly with the company’s values of collaboration and inclusivity.
