Senior Technical Accountant (12 month FTC)

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

Job summary

Chaucer is seeking a Senior Technical Accountant to support their Non Bureau & Credit Control team in London. The role involves processing insurance accounts, reconciling balances, and ensuring data accuracy while collaborating with various stakeholders across international offices. This position offers a dynamic work environment within a leading insurance group.

Qualifications

• Extensive technical accounting experience within the reinsurance sector.
• Knowledge of reinsurance treaty management and Lloyd's market.
• Ability to build strong relationships and work independently.

Responsibilities

• Process and reconcile insurance and reinsurance accounts.
• Ensure timely settlement of premiums and claims.
• Support the Credit Control Manager in process centralization.

Skills

Reinsurance and insurance market knowledge

Technical accounting experience

Interpersonal communication

Analytical thinking

Problem-solving

Job description

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.

Main duties

• 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

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.