Senior (Re)Insurance Technical Accountant (12 month FTC)

Chaucer Group; London; Hybrid; GBP 35,000 - 50,000; Full time

Job summary

Chaucer Group is seeking a Senior (Re)Insurance Technical Accountant for a 12-month FTC in London. The role involves processing insurance accounts and ensuring accuracy in settlements. Ideal candidates will have extensive knowledge in reinsurance and strong technical accounting experience. A commitment to driving improvements and collaborative teamwork is essential.

Benefits

Flexible working model

Diverse, inclusive culture

Extensive non-contributory benefits

Qualifications

• Extensive experience within reinsurance and insurance sector required.
• Experience in treaty management is essential.

Responsibilities

• Process and reconcile insurance accounts.
• Ensure timely submission of Quarterly accounts.
• Reconcile accounts and resolve discrepancies.

Skills

Technical accounting experience

Reinsurance and insurance market knowledge

Analytical thinking

Interpersonal communication

Time management

Problem-solving

Job description

Senior (Re)Insurance Technical Accountant (12 month FTC)

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Senior (Re)Insurance Technical Accountant (12 month FTC)

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Why Chaucer

An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.

This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.

Job summary

Working within Chaucer's Non Bureau & Credit Control Team, the Senior 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.

Act as a focal point for inwards treaty reinsurance technical accounts matters across Chaucer Group

Process and reconcile insurance accounts written via Chaucer's international offices

Ensure the timely submission of Quarterly accounts and maintain data integrity and accuracy in the system

Ensure timely and accurate settlement of premium and claims in accordance with treaty terms, escalating to Underwriters where necessary

Reconcile accounts and resolve complex discrepancies in collaboration with Brokers, Underwriters and Claims, where necessary

Liaise with outsource providers in terms of timely allocation of cash received and queries raised

Monitor and contribute to meeting KPI's in terms of the reduction of aged debt and unallocated cash within Chaucer Group

To develop and provide reports to the Credit Control Manager regarding activities undertaken

Drive and contribute to continuous improvement initiatives surrounding processes in relation to the reduction of aged debt, unallocated cash and queries specific to proportional treaty accounting.

Develop, implement and maintain credit control policies and procedures to improve efficiency and effectiveness

Participate in the reduction of data quality issues across the Chaucer Group highlighting opportunities for improvement

Support the Credit Control and Non Bureau Manager in the centralisation of the proportional treaty accounting, ensuring inconsistencies are kept at a minimum across Chaucer's international offices.

Provide guidance and training to other Team members if required

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

Reinsurance and insurance market knowledge, via Lloyd's an insurance or broker

Extensive technical accounting experience within the reinsurance / insurance sector, with a focus on reinsurance treaty management

Prior experience as an SME during change projects and the adoption of new processes

Adaptable and responsive to changing priorities and team needs

Builds strong relationships through excellent interpersonal communication

Excels in organising tasks and managing time to meet tight deadlines

Collaborates effectively within diverse team settings

Demonstrates initiative and works independently with minimal supervision

Applies analytical thinking and attention to detail in problem-solving

Why Join Chaucer?

An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.

This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.

We offer:

• A flexible 2 days in the office 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.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Insurance Agencies and Brokerages, Insurance Carriers, and Insurance

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