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For Companies At a Glance
- Tasks: Manage premium processing and ensure compliance with departmental procedures.
- Company: Independent global insurance broker known for its collaborative culture.
- Benefits: Gain valuable experience in a professional environment with strong support.
- Why this job: Join a respected broker and work on complex risks while developing your skills.
- Qualifications: 5 years' experience in premium processing and strong insurance knowledge required.
- Other info: Opportunity for career growth in a dynamic and supportive team.
The predicted salary is between 36000 - 60000 £ per year.
We are recruiting on behalf of a well established, independent global insurance and reinsurance broker with a strong presence in the London market. Known for its specialist expertise, collaborative culture and entrepreneurial approach, the business operates across multiple international territories and prides itself on delivering tailored solutions and high levels of service to clients.
Due to continued growth, they are seeking an experienced Premium Technician to join their Central Operations team on a 12 month fixed term contract.
The Role
You will be responsible for managing all aspects of premium processing in line with departmental procedures and agreed service levels. This is a technical role requiring strong Lloyd's market knowledge, attention to detail and the ability to manage multiple priorities effectively.
Key Responsibilities
- Complete risk profiles within management systems
- Produce signed lines, confirmations of placement, invoicing and FATCA documentation
- Create and maintain accurate files
- Process and monitor incoming post and emails
- Produce and forward documentation to Lloyd's and LIRMA markets via A&S
- Send closings to company markets
- Assess and process premium movements
- Maintain diaries for quarterly and yearly adjustments where required
- Complete LORS entries
- Maintain premium payment warranty calendar entries
- Obtain agreement to premium bordereaux where required
- Respond to market and client queries, liaising with Accounts to ensure prompt settlement of balances
- Work collaboratively with other departments to resolve queries
- Produce ad hoc reports and maintain statistical data
- Adhere to company and regulatory policies, procedures and mandatory training requirements
- Support financial reporting requirements, including monthly phasing of income
About You
- At least 5 years' experience in a similar premium processing role
- Premium accounting experience is essential
- Strong understanding of Insurance and Reinsurance principles
- Experience with A&S (IMR) and LORS entries
- Knowledge of Eclipse or Sequel systems would be advantageous
- Understanding of FCA requirements
- Strong working knowledge of Microsoft Word and Excel
- Excellent attention to detail with the ability to produce consistently accurate documentation
- Clear and confident communicator, both written and verbal
- Able to work effectively as part of a team and build strong internal and external relationships
- Able to demonstrate accountability, collaboration, discipline and initiative in your approach
This is an excellent opportunity to join a highly respected London market broker on a fixed term basis, offering exposure to complex risks within a professional and supportive environment.
Premium Processing Technician in London employer: Nashrock Insurance Recruitment
Contact Detail:
Nashrock Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Premium Processing Technician in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and reinsurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to premium processing and think of examples from your experience that align with their values. This will show you’re not just another candidate but someone who truly gets what they’re about.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to premium processing and your technical skills. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your achievements effectively.
✨Tip Number 4
Don’t forget to follow up after your interviews! A quick thank-you email can go a long way in keeping you top of mind. Plus, it shows your enthusiasm for the role. And remember, apply through our website for the best chance at landing that Premium Technician gig!
We think you need these skills to ace Premium Processing Technician in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Premium Technician role. Highlight your experience in premium processing and any relevant skills that match the job description. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention your understanding of insurance principles and your experience with A&S and LORS entries. Let us know what excites you about this opportunity!
Showcase Your Attention to Detail: Since this role requires strong attention to detail, make sure your application is free from typos and errors. We appreciate candidates who take the time to ensure their documents are polished and professional. It reflects your commitment to quality!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. This way, we can easily track your application and get back to you quicker. Plus, it shows you're keen on joining our team at StudySmarter!
How to prepare for a job interview at Nashrock Insurance Recruitment
✨Know Your Stuff
Make sure you brush up on your Lloyd's market knowledge and premium processing principles. Familiarise yourself with the specific responsibilities listed in the job description, like managing risk profiles and producing documentation. This will show that you're not just interested in the role, but that you understand it too.
✨Showcase Your Experience
With at least 5 years of experience required, be ready to discuss your previous roles in detail. Prepare examples of how you've handled premium accounting and any challenges you've faced. This is your chance to demonstrate your expertise and how it aligns with what they’re looking for.
✨Be Detail-Oriented
Attention to detail is key in this role, so be prepared to highlight instances where your meticulous nature has made a difference. Whether it's producing accurate documentation or managing multiple priorities, share specific examples that showcase your ability to maintain high standards.
✨Communicate Clearly
As a Premium Technician, you'll need to liaise with various departments and clients. Practice articulating your thoughts clearly and confidently. Consider doing mock interviews with a friend to refine your communication skills, ensuring you can convey complex information simply and effectively.