At a Glance
- Tasks: Process insurance premiums accurately and resolve discrepancies efficiently.
- Company: Join a dynamic team in the insurance sector with a focus on precision.
- Benefits: Gain valuable experience in finance and insurance with a competitive salary.
- Other info: This is a six-month fixed-term contract with opportunities for growth.
- Why this job: Make an impact by ensuring financial accuracy and compliance in a fast-paced environment.
- Qualifications: Previous experience in premium processing and strong numerical skills required.
The predicted salary is between 30000 - 36000 £ per year.
- Premium Processing Technician (6-Month Fixed-Term Contract)
- Role Purpose
We are looking for a Premium Processing Technician to join our team on a six-month fixed-term contract.
The successful candidate will be responsible for the accurate processing of insurance premiums, reconciliations, and insurer accounting, ensuring all transactions are completed efficiently and in line with company procedures.
Key Responsibilities
- Process insurance premium transactions accurately and within agreed timescales.
- Reconcile insurer statements and resolve outstanding queries.
- Allocate receipts and payments.
- Maintain accurate financial records and audit trails.
- Liaise with brokers, insurers, and internal teams to resolve discrepancies.
- Support month-end activities and ensure compliance with internal controls and FCA requirements.
Skills & Experience
Essential
- Previous premium processing or insurance finance experience.
- Experience working within an insurance broker, insurer, or MGA.
- Experience using
Xchanging .
- Good understanding of premium accounting and reconciliations.
- Strong attention to detail and excellent numerical skills.
- Good working knowledge of Microsoft Excel.
Premium Processing Technician - 6 Month FTC in London employer: Edenbrook
Edenbrook is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals in the financial reporting sector. With a strong commitment to employee development, we offer numerous growth opportunities and support for continuous learning, all while working in a dynamic environment that values integrity and excellence. Located in a vibrant area, our team enjoys a balanced work-life experience alongside competitive benefits tailored to enhance both personal and professional well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Premium Processing Technician - 6 Month FTC in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Edenbrook.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Edenbrook might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Premium Processing Technician - 6 Month FTC in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Edenbrook will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Edenbrook. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Edenbrook confidence in your short-term commitment to the role.
How to prepare for a job interview at Edenbrook
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Edenbrook.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Edenbrook that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
