At a Glance
- Tasks: Join our team to manage and process reinsurance transactions with a focus on accuracy and efficiency.
- Company: Price Forbes Re, part of The Ardonagh Group, values diversity and innovation.
- Benefits: Enjoy competitive salary, flexible work options, and a range of employee perks.
- Other info: Opportunities for growth and collaboration across global teams.
- Why this job: Make an impact in a dynamic environment while developing your skills in the insurance industry.
- Qualifications: Experience in insurance operations and strong attention to detail are essential.
The predicted salary is between 49500 - 60500 £ per year.
- Group annual bonus scheme.
Type: Full time – Permanent (If you are a job share partnership, work reduced hours, or any other way of working flexibly, please do still get in touch)
At Price Forbes Re, we provide much more than just a workplace.
We are dedicated to fostering skill development and knowledge within a team that is passionate about their work, values their Employees, and truly celebrates diversity.
Working at Price Forbes Re means you’ll be part of The Ardonagh Group.
We are proud of our innovative environment offering many opportunities for growth across the wider group.
Employees regularly move between our united teams, and we encourage you to make your role your own.
Our offices are lively and exciting places to be, but we understand that life needs flexibility, and offer a genuinely flexible approach to working.
If you are looking to join a thriving, energetic business with exciting plans, this role could be an ideal fit for you.
What We Can Offer
We offer much more than just an inclusive culture with apprenticeships, study support, participation in our annual Spotlight Awards, Community Trust, Sports Teams, office socials, events and so much more.
All of this with a supportive management team as well as working alongside some of the industry’s top talent.
You’ll have access to wellbeing programs, fantastic discounts across many big-name businesses including supermarkets, gym memberships, restaurants, and healthcare cash plans etc.
- Further Perks Of Working With Us (Fixed Benefits)
- Employer pension contribution of 10% (providing you, the Employee provides 5%).
- Good work life balance - flexibility to suit you.
- Competitive salary.
- Life Assurance at X4 of your base salary.
- Group Income Protection.
- Generous Annual Leave entitlement.
- Private Medical Insurance.
- Group annual bonus scheme.
About The Role
Price Forbes Re is seeking a Binder Processing Specialist to join our Global Client Servicing Team.
This role will focus on the technical processing and administration of delegated authority (binder) and proportional treaty reinsurance business, with a particular emphasis on bordereaux management, premium processing, reconciliation and data quality.
The successful candidate will act as a key operational contact for clients, MGAs, coverholders and internal stakeholders, ensuring bordereaux and associated transactions are processed accurately, efficiently and in accordance with contractual requirements.
The role requires regular interaction with clients to resolve processing queries, maintain reporting standards and support the smooth operation of complex reinsurance programmes.
The position supports London Market business, while also supporting teams in Bermuda and the United States, and collaborating periodically with the Analytics team in Prague.
Key Responsibilities
- Bordereaux Processing
- Receive, validate and process premium, claims and risk bordereaux.
- Review bordereaux for accuracy, completeness and contractual compliance.
- Investigate and resolve data discrepancies, missing information and processing exceptions.
- Monitor bordereaux reporting schedules and follow up on outstanding submissions.
- Maintain accurate processing records and audit trails.
- Technical Processing
- Process premium and adjustment transactions within operational systems.
- Support proportional treaty and binder accounting activities.
- Ensure accurate booking and maintenance of contract data.
- Assist with reconciliations and correction of processing issues.
- Support bureau and non-bureau processing workflows where applicable.
- Client & Stakeholder Management
- Act as a day-to-day technical contact for clients on processing matters.
- Build strong working relationships with MGAs, coverholders, cedants and broking teams.
- Resolve processing queries promptly and professionally.
- Participate in client meetings and operational review discussions where required.
- Coordinate closely with broking, servicing, IBA and analytics teams.
- Data Quality & Analytics Support
- Maintain high-quality data within Open Twins and related systems.
- Support data validation, cleansing and reconciliation activities.
- Work alongside the Prague Analytics team to improve bordereaux quality and reporting outputs.
- Contribute to operational reporting and management information.
- Operational Excellence
- Adhere to internal procedures, service standards and regulatory requirements.
- Escalate risks, delays or material processing issues appropriately.
- Support process improvement initiatives and operational best practice.
- Assist with audit and compliance requests as required.
Essential
Skills & Experience
- Experience in insurance or reinsurance operations, processing or delegated authority business.
- Experience handling bordereaux, premium processing or technical accounting activities.
- Strong attention to detail and data accuracy.
- Excellent organisational and communication skills.
- Ability to manage multiple priorities and deadlines.
- Strong Excel and data handling capabilities.
Desirable
- Experience using Open Twins.
- Experience with proportional treaty reinsurance business.
- Knowledge of London Market delegated authority arrangements.
- Experience working with MGAs, coverholders or binder business.
- Understanding of reinsurance accounting and settlement processes.
What We're Looking For
- Client-focused with strong relationship management skills.
- Comfortable working directly with clients to resolve technical and processing queries.
- Analytical and detail-oriented.
- A proactive team player who enjoys working across international teams.
- Committed to delivering high levels of service, accuracy and operational excellence.
Why Join Price Forbes Re?
- Opportunity to continue to develop specialist expertise in binder and proportional treaty operations – with potential for future management progression.
- Exposure to clients and markets across London, Bermuda and the United States.
- Collaborative working environment with broking, operations and analytics teams.
- A growing global platform offering excellent opportunities for development and progression.
Think you don’t meet every requirement?
We are an equal opportunities Employer, dedicated to creating a diverse, inclusive, and authentic workplace where everyone can thrive, bring their whole self to work, and reach their full potential.
If you’re excited about this role, but your experience doesn’t perfectly match what we are looking for, please apply anyway.
You might just be the right fit for the job, or other opportunities we may have within the wider Group.
We truly value the diversity of our teams and as a Group, we are committed to supporting and welcoming individuals from all backgrounds, as we appreciate every perspective is a significant part of our success.
Should you require any reasonable adjustment throughout the recruitment process, please do not hesitate to let a member of the Talent team know.
#PFRe
If your application is successful, we will conduct relevant employment checks prior to you commencing employment with us.
These will include verifying your recent employment, address, credit history, and a standard criminal record check.
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Senior Processing Technician in London employer: Price Forbes
At Price Forbes, we pride ourselves on being more than just an employer; we are a community that champions skill development and diversity within a vibrant work culture. Located in London with a flexible hybrid working model, we offer competitive salaries, generous benefits, and numerous opportunities for personal and professional growth, all while fostering a supportive environment where every employee can thrive and make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Processing Technician in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Price Forbes). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Price Forbes. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Processing Technician in London
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 Price Forbes.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Price Forbes. 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 Price Forbes
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Price Forbes 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 Price Forbes, 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 Price Forbes'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.
