12 month FTC
TECHNICIAN / TECHNICAL ACCOUNTANT £40,000 - £50,000
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