Credit Control/Reinsurance Technical Accountant

Chaucer Group; Greater London; Hybrid; GBP 55,000 - 75,000; Full time

Benefits offered by this job

Hybrid work model

Medical, life & pension benefits

Wellbeing support

Job summary

Chaucer Group, a leading insurance group at Lloyd's, is hiring a Reinsurance Technical Accountant to support accurate processing, reconciliation and settlement of insurance and reinsurance accounts. The role spans international and London Market business, with emphasis on timely collection and data integrity.

Based in London with a flexible hybrid model, you will liaise with brokers, cedants and underwriters, resolving discrepancies and driving process improvements within the Credit Control

Qualifications

• Experience with credit control and treaty accounts.
• Ability to reconcile accounts and resolve discrepancies.
• Strong communication with brokers, cedants and underwriters.

Responsibilities

• Assist with inwards treaty reinsurance account matters across Chaucer Group.
• Submit and reconcile quarterly accounts, ensure data integrity.
• Support collection and settlement of premiums and claims per terms.
• Investigate and resolve account discrepancies and unallocated cash.
• Coordinate with brokers, cedants, reinsurers and internal stakeholders.
• Escalate issues and contribute to KPI targets for aged debt reduction.
• Participate in continuous improvement of credit control processes.

Skills

Lloyd's market knowledge

Credit control experience

Financial reconciliation

Stakeholder communication

Attention to detail

Education

Relevant accounting qualification

Tools

Accounting software

Job description

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

Job Profile Summary

Working within Chaucer's Credit Control & Treaty team, the Reinsurance Technical Accountant is responsible for assisting with the accurate processing, reconciliation and settlement of insurance and reinsurance accounts. The role supports the timely collection of balances, reduction of aged debt and unallocated cash, and resolution of technical accounting queries across Chaucer's international and London Market business.

Job Description

• Assist the Credit Control Treaty Lead in respect of inwards treaty reinsurance account matters across Chaucer Group
• Assist with the timely submission and reconciliation of quarterly accounts, maintaining accuracy and data integrity.
• Support the collection and settlement of premiums and claims in accordance with contractual terms, escalating to Underwriters where necessary
• Support the investigation and resolution of account discrepancies, settlement queries and unallocated cash items.
• Liaise with brokers, cedants, reinsurers, underwriters and internal stakeholders to resolve accounting and settlement issues.
• Escalate technical accounting, settlement and collection concerns where appropriate.
• Contribute to meeting KPI's in terms of the reduction of aged debt and unallocated cash within Chaucer Group
• Actively participate in continuous improvement initiatives surrounding processes in relation to the reduction of aged debt, unallocated cash and queries specific to proportional treaty accounting.
• Assist in maintaining policies and procedures in relation to the role to improve efficiency and effectiveness
• Assist in the reduction of data quality issues across the Chaucer Group, that impact credit control
• Attend and participate in training sessions and other meetings, as and when required
• Undertake additional duties as reasonably requested by the Credit Control Treaty Team Lead.

Regulatory Responsibilities

Support the CSL and CIC Board's to maintain a corporate culture, policies and procedures that pay due regard to the interests of CSL / CIC customers and treats them fairly at all times.

Skills and Competencies

• Awareness of, or interest in developing knowledge of the Lloyd's insurance market
• Flexible and adaptable, with a professional and approachable manner
• Confident communicator with the ability to build positive working relationships
• Well organised, with the ability to manage time effectively and stay on top of tasks
• A collaborative team player who enjoys working with others and contributing to shared goals
• Motivated and proactive, with the willingness to learn and take responsibility for own work
• Able to plan and prioritise tasks to meet agreed deadlines, with appropriate support
• Excellent attention to detail, with a genuine commitment to producing accurate, high‑quality work

We offer:

A flexible hybrid work model that supports individual and team needs.

A diverse, inclusive culture that values people for who they are.

Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.