At a Glance
- Tasks: Assist in processing and reconciling insurance and reinsurance accounts.
- Company: Join Chaucer, a leading insurance group at Lloyd's with a global presence.
- Benefits: Flexible working arrangements and a commitment to diversity and inclusion.
- Other info: Collaborative team environment with opportunities for professional growth.
- Why this job: Make an impact in the insurance industry while developing your skills.
- Qualifications: Interest in the Lloyd's insurance market and proficiency in Microsoft Excel.
The predicted salary is between 36000 - 44000 £ per year.
Job Profile Summary
Working within Chaucer's Credit Control & Treaty team, the Reinsurance Technical Accountant is responsible for assisting with the accurate processing, reconciliation and settlement of insurance and reinsurance accounts.
The role supports the timely collection of balances, reduction of aged debt and unallocated cash, and resolution of technical accounting queries across Chaucer's international and London Market business.
Job Description
- Assist the Credit Control Treaty Lead in respect of inwards treaty reinsurance account matters across Chaucer Group
- Assist with the timely submission and reconciliation of quarterly accounts, maintaining accuracy and data integrity.
- Support the collection and settlement of premiums and claims in accordance with contractual terms, escalating to Underwriters where necessary
- Support the investigation and resolution of account discrepancies, settlement queries and unallocated cash items.
- Liaise with brokers, cedants, reinsurers, underwriters and internal stakeholders to resolve accounting and settlement issues.
- Escalate technical accounting, settlement and collection concerns where appropriate.
- Contribute to meeting KPI's in terms of the reduction of aged debt and unallocated cash within Chaucer Group
- Actively participate in continuous improvement initiatives surrounding processes in relation to the reduction of aged debt, unallocated cash and queries specific to proportional treaty accounting.
- Assist in maintaining policies and procedures in relation to the role to improve efficiency and effectiveness
- Assist in the reduction of data quality issues across the Chaucer Group, that impact credit control
- Attend and participate in training sessions and other meetings, as and when required
- Undertake additional duties as reasonably requested by the Credit Control Treaty Team Lead.
- 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
- Awareness of, or interest in developing knowledge of the Lloyd's insurance market
- Microsoft Word - intermediate level
- Microsoft Excel - intermediate level
- Flexible and adaptable, with a professional and approachable manner
- Confident communicator with the ability to build positive working relationships
- Well organised, with the ability to manage time effectively and stay on top of tasks
- A collaborative team player who enjoys working with others and contributing to shared goals
- Motivated and proactive, with the willingness to learn and take responsibility for own work
- Able to plan and prioritise tasks to meet agreed deadlines, with appropriate support
- Excellent attention to detail, with a genuine commitment to producing accurate, high-quality work
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.
Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world.
Our services are accessed both through Lloyd's of London and the company markets.
We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams.
Chaucer is a member of the China Re Group and backed by their financial and operational resources.
China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.
- Chaucergroup. com
- #J-18808-Ljbffr
Reinsurance Technical Accountant employer: Chaucer Underwriting Services Limited
Chaucer is an exceptional employer, offering a dynamic work environment in the heart of London, where employees can thrive in the fast-paced world of reinsurance. With a strong commitment to diversity and inclusion, Chaucer fosters a collaborative culture that encourages professional growth and continuous improvement, ensuring that every team member feels valued and empowered. The company also provides flexible working arrangements, making it an attractive choice for those seeking a meaningful career in the insurance industry.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Technical Accountant
✨Dive Into Industry Networking Events
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We think you need these skills to ace Reinsurance Technical Accountant
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Chaucer Underwriting Services Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chaucer Underwriting Services Limited. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Chaucer Underwriting Services Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Chaucer Underwriting Services Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Chaucer Underwriting Services Limited, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Chaucer Underwriting Services Limited's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
