Job Title IBA Technician (Established)
Division IBA
Location Cheltenham
Website www.amwinsglobalrisks.com
Amwins Global Risks
At Amwins Global Risks, we succeed together. We’re not ‘just another London broker’ placing risks and signing contracts. 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
