Premium Technician (FTC)

BMS Group; England; Hybrid; GBP 30,000 - 40,000; Full time

Job summary

A leading insurance firm is seeking a Premium Processing Specialist for a 12-month fixed-term contract based in London with a hybrid work model. The role involves managing premium processing and adhering to departmental procedures. Candidates should have at least 2 years of experience in a similar role, excellent communication skills, and a solid understanding of insurance principles. Proficiency in MS Word and Excel is crucial, and knowledge of Eclipse or Sequel is a benefit.

Qualifications

• At least 2+ years experience in a similar role.
• Understanding of principles of Insurance/Reinsurance.
• Strong working knowledge of MS Word and Excel.

Responsibilities

• Completing risk profile within Management systems.
• Producing signed lines and confirmation of placement.
• Assessing and processing premium movements.

Skills

Communication skills

Technical knowledge

Knowledge of MS Word

Knowledge of MS Excel

Education

5 GCSEs grade C or above (or equivalent)

Tools

Eclipse

Sequel

Job description

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
• 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.
• 5 GCSE’ grade C or above (or equivalent)
• 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
• 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
• Empowering