Reinsurance Technical Accounts (12 month FTC)

Chaucer; London; On-site; GBP 35,000 - 45,000; Full time

Job summary

A leading insurance group is seeking a Technical Accountant in London. The role involves processing insurance and reinsurance accounts, assisting in settlements, and contributing to the reduction of aged debt. The ideal candidate should have knowledge of the insurance market and technical accounting experience. This position promotes a collaborative environment and flexible working arrangements.

Qualifications

• Knowledge of the Lloyd’s insurance market or experience in an insurance company.
• Experience in technical accounting within the reinsurance or insurance sector.
• Excellent organisational and time management skills.

Responsibilities

• Process insurance and reinsurance accounts and reconcile balances.
• Assist in the timely settlement of premiums and claims.
• Participate in continuous improvement initiatives related to processes.

Skills

Knowledge of the Lloyd’s insurance market

Technical accounting experience

Organisational skills

Team collaboration

Analytical skills

Job description

Working within Chaucer’s Non Bureau & Credit Control Team, the Technical Accountant has responsibility for processing insurance and reinsurance accounts, reconciling and settling balances. This role supports the business written via Chaucer’s international offices.

Job Description

• Assist the Senior Technical Accountant in respect of inwards treaty reinsurance account matters across Chaucer Group
• Assist in the timely submission of Quarterly accounts and maintain data integrity and accuracy in the system
• Assist in the timely and accurate settlement of premium and claims in accordance with treaty terms, escalating to Underwriters where necessary
• Reconcile accounts and highlight discrepancies to the Senior Technical Accountant
• 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
• Assist with and undertake tasks as defined by the Credit Control and Non Bureau Manager

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

• Some knowledge of the Lloyd’s insurance market, an insurance company or broker
• Some knowledge of technical accounting experience within the reinsurance / insurance sector
• Excellent organisational and time management skills
• Ability to work collaboratively in a team environment
• Good analytical skills and attention to detail

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.