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Technician/Technical Accountant

  • Location: City of London
  • Category: Reinsurance Technical
  • Salary: 40K - 60K / Annum
  • Reference: JO0000007604

TECHNICIAN/TECHNICAL ACCOUNTANT 40,000 - 60,000 Your role will be a member of a small service team providing support to various departments. You will fulfils the processing and validation of facultative premiums for London through Xchanging and direct from brokers. Predominately Marine and Non-Marine Insurance & Reinsurance with numerous risks containing multi-jurisdiction IPTs. Majority of Business is London Market through Xchanging. Also, significant proportion of direct accounting from various International & European offices Check and process all technical accounting documents. Process all premiums including the calculation of relevant taxes and premium allocation splits. Review booked premiums against estimated premiums on a quarterly basis Control and processing of closings Review and resolve cases with unpaid premiums in conjunction with credit control team Liaise with Underwriters as necessary Contributes to the overall results of the company by accounting all premiums on time 5 years + working within insurance Experience of handling multi jurisdictional risks. Technical premiums processing experience including use of Xchanging systems Experience and knowledge of handling Global Programmes Tax (IPT and Levies) and Accounts knowledge Business includes Marine, PCR, EIL, Cyber, Property, FI, Liability, Power, Onshore and Offshore Energy Knowledge and ability to calculate IPTs and Levies in conjunction with Finance Dept. Excel use to intermediate level an advantage as high volumes of calculations required. Knowledge of Non-Proportional & Proportional Treaty, Binding Authority and MGA bordereaux processing would be an advantage. Knowledge of the Insurance and Reinsurance London market practices Ref 7604

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Reinsurance Technician

  • Location: City of London
  • Category: Reinsurance Technical
  • Salary: 45K / Annum
  • Reference: JO0000007541

Reinsurance Technician City to 45,000 Leading City based Insurance Company have a new role for an experience Reinsurance Technician. Validation and processing of complex Assumed Treaties and Facultative Covers, checking Profit Commissions, Sliding Scales etc ensuring accuracy and continuity with cedant accounting Analysis of accounting data, assisting in quarterly management reporting and attendance at review meetings Production of monthly Terms of Trade and Premium Adjustment reports and monitoring responses Reconciliation of assumed/ceded reinsurance ledgers Raising and processing of payments/receipts onto internal systems Investigating and resolving internal and external accounting queries Monitor cash/unapplied cash, outstanding accounts and conduct effective credit control activities in maintaining unsettled balances Communicating effectively with all TRC departments, branches and stakeholders Establish and maintain effective relationships with brokers, cedant’s and reinsurers to ensure business continuity Various ad-hoc projects as required Previous experience in a similar role is essential. Good working knowledge of Microsoft Office tools specifically Excel and Word. Strong understanding of Reinsurance principles, Reinsurance contracts and market practices. Good verbal and written communication skills.

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Reinsurance Technician

  • Location: City of London
  • Category: Reinsurance Technical
  • Salary: 30K - 45K / Annum
  • Reference: JO0000007346

We are currently seeking experienced (senior) Insurance or Reinsurance professionals to work as part of a dedicated team of Binder Reinsurance Technicians Covering Binders, or alternatively excess of loss and pro rata business, facultative’ – ideally binders, but other experience would be considered. The role is end to end and encompasses, premium, claim processing, with full fiduciary responsibility.

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Reinsurance Technician - 12 month contract

  • Location: Witham
  • Category: Reinsurance Technical
  • Salary: 20K - 35K / Annum
  • Reference: Reinsurance

(Re)Insurance professionals are needed to join a well-established and busy leading Lloyds Broker in their Essex office

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