Senior Technical Accountant

JSS Search; London; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading Lloyd's insurer seeks a Senior Technical Accountant to support the Reinsurance team. The successful candidate will manage processing and reconciling technical accounts, ensuring timely settlements and contributing to continuous improvement initiatives. Ideal candidates will possess strong reinsurance knowledge and technical accounting expertise.

Qualifications

• Knowledge of reinsurance and insurance markets, especially through Lloyd's.
• Extensive technical accounting experience in the reinsurance/insurance sector.

Responsibilities

• Act as a focal point for technical accounts matters.
• Process and reconcile insurance accounts from international offices.
• Ensure timely settlement of premium and claims.
• Reconcile accounts and resolve discrepancies with Brokers and Underwriters.

Skills

Reinsurance market knowledge

Technical accounting experience

Job description

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JSS are working with a leading Lloyd's insurer for a Senior Technical Accountant. Supporting the Reinsurance team, the successful candidate will be responsible for processing insurance and reinsurance accounts, reconciling and settling balances.

The key responsibilities of the role are:

• Act as a focal point for inwards treaty reinsurance technical accounts matters across the group.
• Process and reconcile insurance accounts written via the international offices.
• Ensure timely and accurate settlement of premium and claims in accordance with treaty terms, escalating to Underwriters on an annual and quarterly basis.
• Reconcile accounts and resolve complex discrepancies in collaboration with Brokers, Underwriters and Claims.
• Liaise with outsource providers in terms of timely allocation of Accounts Receivables.
• Monitor and contribute to meeting KPI’s in terms of the reduction of aged debt and unallocated cash within the group.
• Supporting change projects in the finance operations team to develop the Reinsurance reporting.
• To develop, implement and maintain processes 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.

The successful candidate will:

• Reinsurance and insurance market knowledge, via Lloyd’s an insurance or broker.
• Extensive technical accounting experience within the reinsurance / insurance sector.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance, Accounting/Auditing, and Administrative

• Industries

  Insurance, Insurance and Employee Benefit Funds, and Insurance Carriers

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