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- Tasks: Manage premium processing and ensure accuracy in documentation and client queries.
- Company: Reputable global insurance broker with a collaborative and entrepreneurial culture.
- Benefits: Gain valuable experience in a professional environment with strong support.
- Why this job: Join a respected team and work on complex risks in the insurance sector.
- Qualifications: 5 years' experience in premium processing and strong insurance knowledge required.
- Other info: Opportunity for career growth in a dynamic London market.
The predicted salary is between 40000 - 50000 £ 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 with strong Energy class of business experience 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 Energy class of business 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.
Energy Premium Processing Technician in Wolverhampton employer: Nashrock Insurance Recruitment
Contact Detail:
Nashrock Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Energy Premium Processing Technician in Wolverhampton
✨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 brushing up on your Energy class knowledge. Be ready to discuss specific scenarios from your past experience that showcase your skills. Practice common interview questions and think about how you can demonstrate your attention to detail and ability to manage multiple priorities.
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. Mention something specific from the interview to remind them of your conversation and reinforce your interest.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might just be the perfect fit for you. Plus, it’s a great way to ensure your application gets seen by the right people.
We think you need these skills to ace Energy Premium Processing Technician in Wolverhampton
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in premium processing and the Energy class of business. We want to see how your skills match up with what we're looking for, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. We love seeing enthusiasm and a clear understanding of our company culture, so let your personality come through.
Be Detail-Oriented: Given the technical nature of the role, attention to detail is key. Double-check your application for any typos or errors before hitting send. We appreciate candidates who take pride in their work and can produce accurate documentation.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us that you’re proactive and keen to join our team!
How to prepare for a job interview at Nashrock Insurance Recruitment
✨Know Your Energy Class Inside Out
Make sure you brush up on your knowledge of the Energy class of business. Be prepared to discuss specific examples from your past experience that demonstrate your expertise. This will show the interviewer that you’re not just familiar with the terminology, but that you can apply it in real-world scenarios.
✨Master the Technical Details
Since this role is technical, be ready to talk about premium processing procedures and any relevant systems like A&S (IMR) and LORS entries. Familiarise yourself with the company’s processes and be prepared to explain how you would handle specific tasks, such as producing signed lines or managing premium movements.
✨Showcase Your Attention to Detail
Attention to detail is crucial in this role. Bring examples of how you've maintained accuracy in your previous positions, whether it’s through documentation or financial reporting. You might even want to mention any tools or methods you use to ensure precision in your work.
✨Communicate Clearly and Confidently
As a Premium Technician, you'll need to liaise with various departments and clients. Practice articulating your thoughts clearly and confidently. Consider preparing a few questions to ask the interviewer about team collaboration or how they handle client queries, which will also demonstrate your interest in the role.