At a Glance
- Tasks: Process insurance premiums and provide technical support in a dynamic marine division.
- Company: Join a leading Global Lloyd's Broker with a strong reputation.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Opportunity for growth in a fast-paced, collaborative setting.
- Why this job: Be part of a crucial team that ensures smooth operations in the marine insurance sector.
- Qualifications: 2+ years in a Premium Technician role; marine experience is a plus.
The predicted salary is between 35000 - 45000 £ per year.
A well-respected and market-leading Global Lloyd's Broker is now seeking a Technician within their successful Marine Division. Within this exciting opportunity, the Technician will be responsible for performing premium processing duties and will assist in providing full technical support across post-placement activities.
Role Responsibilities
- Process insurance premiums, return premiums, and adjustments in accordance with market practices and internal procedures
- Data Entry of Marine Risks
- A&S Submission of premium bordereau to DXC Technologies
- Checking and processing MRC Slips and Endorsements
- Production of periodic reports and statistical information to placing team
- Reconcile premium accounts, identifying and resolving discrepancies promptly
- Liaise with brokers, underwriters, insurers, and clients to resolve queries and outstanding balances
- Monitor aged debt and credit, supporting collection and settlement activities
- Ensure compliance with Lloyd’s market requirements and internal controls
- Maintain accurate records within relevant systems and ensure audit trails are complete
- Support month-end and year-end close processes, including reporting and analysis
- Assist with system improvements and process optimisation initiatives
About You
- A minimum of 2 years of experience in a Premium Technician role within a Lloyd’s Broker or London Market environment - Marine experience advantageous
- Strong understanding of insurance premium processing, including Lloyd’s and company market practices
- Proficiency in accounting and broking systems (e.g., Xchanging, Bureau, or similar platforms)
- Excellent attention to detail and high level of accuracy
- Strong analytical and reconciliation skills
- Ability to manage high volumes of data and meet tight deadlines
- Effective communication skills, both written and verbal
Processing Technician - Marine in London employer: Nashrock Insurance Recruitment
As a leading Global Lloyd's Broker, we pride ourselves on fostering a dynamic and inclusive work environment that encourages professional growth and development. Our Marine Division offers a unique opportunity to engage with industry experts while benefiting from comprehensive training programmes and a supportive team culture. Located in the heart of London, we provide our employees with access to a vibrant city life, competitive remuneration, and a commitment to work-life balance, making us an exceptional employer for those seeking a rewarding career in the marine insurance sector.
Contact Details:
Nashrock Insurance Recruitment Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Processing Technician - Marine in London
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We think you need these skills to ace Processing Technician - Marine in London
Some tips for your application 🫡
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Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Nashrock Insurance Recruitment.
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How to prepare for a job interview at Nashrock Insurance Recruitment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Nashrock Insurance Recruitment.
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Since this is a full-time position, employers at Nashrock Insurance Recruitment will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Nashrock Insurance Recruitment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
