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Technician/Technical Accountant
Ref. JO0000007604

Position Technician/Technical Accountant
Sector Reinsurance Technical
Location City of London, City
Type Permanent
Salary £40K - £60K / Annum
Reference JO0000007604
Summary 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

MW Appointments is acting as an Employment Agency in relation to this vacancy.
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