Reinsurance Technical Accountant

eFinancialCareers; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Chaucer is seeking a Reinsurance Technical Accountant within the Credit Control & Treaty team to support accurate processing, reconciliation and settlement of insurance and reinsurance accounts across international and London Market business.

The role involves assisting with quarterly accounts, timely collection of premiums, resolution of account discrepancies, and collaboration with brokers, cedants, reinsurers and underwriters to resolve issues, with KPI focus on debt reduction and unallocated

Qualifications

• Awareness of, or interest in developing knowledge of the Lloyd's insurance market.
• Microsoft Word - intermediate level.
• Microsoft Excel - intermediate level.
• 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.

Responsibilities

• 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.

Skills

Credit control

Treaty accounting

Lloyd's market knowledge

Excel intermediate

Word intermediate

Attention to detail

Communication

Time management

Team member

Problem solving

Job description

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
• Microsoft Word - intermediate level
• Microsoft Excel - intermediate level
• 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

ABOUT US

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.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit.

We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.