Premium Technician (FTC)

BMS Group; City Of London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A financial services firm is seeking a Premium Technician for a fixed term contract of 12 months, based in London with hybrid working. The role involves managing all premium processing aspects, completing risk profiles, and ensuring compliance with departmental procedures. Candidates should have 5 GCSEs or equivalent, a minimum of 2 years in a similar role, and essential premium accounting experience. You will collaborate with various departments to handle queries and maintain statistical data.

Qualifications

• 5 GCSEs grade C or above (or equivalent).
• At least 2+ years experience in similar role.
• Premium accounting experience essential.

Responsibilities

• Complete risk profile within Management systems.
• Process incoming post/emails and monitor premium movements.
• Liaise with departments to ensure prompt payment.

Skills

People management

Communication

Technical knowledge

Understanding of FCA requirements

Team collaboration

Education

5 GCSEs grade C or above

Tools

MS Word

Excel

Job description

Position Title

Premium Technician – Fixed Term Contract (12 months)

Reports to

Central Operations Team Leader

Location

London (Hybrid)

Summary of Position

To deal with all aspects of Premium processing as directed by your Head of Department. Adhere to the departmental procedures & service level agreements for the period of 12 months FTC.

Key Responsibilities & Accountabilities

• Completing risk profile within Management systems
• Producing, signed lines, confirmation of placement and Invoicing FATCA forms
• Create and maintain files
• Process and monitor incoming post / emails
• Produce and forward documentation to Lloyd’s / Lirma market via A&S
• Sending closing to Company Markets
• Assess and process premium movements
• Diary for quarterly and yearly adjustments if required
• Lors entries
• Complete premium payment warranty calendar entries
• Obtain agreement to premium bordereaux, where required
• Deal with market and / or client queries and liaise with the accounts department to ensure prompt payment of balances
• Liaise with other departments when problems arise
• Carry out various departmental ad hoc tasks and reports
• Maintain statistical data
• Adhere to company and regulatory policies & procedures together with mandatory training requirements.
• Adhere to financial reporting requirements including monthly phasing of income.

Functional & Behavioural Competencies required

• 5 GCSE’ grade C or above (or equivalent)
• People management experience
• An understanding of principles of Insurance / Reinsurance
• Knowledge of Eclipse / Sequel would be beneficial, but not essential
• At least 2+ years experience in similar role
• Premium accounting experience essential
• A&S (IMR) Lors entries
• Communicates clearly and effectively both verbally and in writing
• Wide ranging technical knowledge
• Understanding of the FCA and their requirements
• Strong working knowledge of MS Word and Excel
• Ability to produce accurate and complete documentation consistently
• Ability to effectively contribute to the team and interact with others

Personally demonstrate the five BMS values and ensure that team members are aligned with these :

• Accountable
• Entrepreneurial
• Collaborative
• Empowering
• Disciplined