At a Glance
- Tasks: Manage reinsurance payments and ensure timely settlements with stakeholders.
- Company: Leading Lloyd's underwriter known for its inclusive and dynamic work culture.
- Benefits: Competitive salary, generous benefits package, and a friendly work environment.
- Other info: Great opportunity for career growth in a supportive team.
- Why this job: Join a reputable company and make a real impact in the insurance industry.
- Qualifications: Experience in reinsurance accounting and strong communication skills.
The predicted salary is between 34000 - 46000 £ per year.
Salary: £40,000 – £50,000 per annum
Position Type: Permanent
Location: London
Employer: Our client is a leading Lloyd's and company underwriters with excellent market reputation and a dynamic but friendly and inclusive working environment combined with a generous benefits package.
Overview: They are now looking for an experienced Reinsurance Accounting Technician to join their City of London operation.
Responsibilities:
- Ensure reinsurance premium and settlement payments are made within contractual obligations.
- Liaise with both internal and external stakeholders to ensure all payments are made on time.
- Review and authorise payments, ensuring they align with transactions created in the system.
- Confirm the necessary authority has been received for reinsurance settlements per approved authorities.
- Manage all reinsurance transactions initiating settlement and receipt with third parties.
- Accurately allocate settlements/receipts to reinsurer level within databases.
- Effectively manage intercompany balances ensuring prompt transfer of funds.
- Clear unmatched balances and keep amounts to a minimum.
- Produce regular reinsurance aged debt reports showing unsettled ceded financials at Group and Entity levels by reinsurer.
- Produce weekly ceded financial summaries of unsettled due payments.
- Produce regular summary of upcoming payments for treasury's benefit to arrange available funds.
- Assist with development and testing of software tools through liaison with Business Analytics team.
Qualifications: Our client is looking for an experienced Reinsurance Accounting Technician.
Contact: Ref: BT99 Email: brian@taylorjamesresourcing.com Date: 3 Dec 2025 Sector: INSURANCE
Reinsurance Accounting Technician in London employer: Taylor James Resourcing
As a leading player in the fintech sector, we pride ourselves on fostering a dynamic and inclusive work culture that encourages innovation and collaboration. Our employees benefit from comprehensive professional development opportunities, competitive remuneration, and a commitment to work-life balance, all while being part of a forward-thinking team dedicated to revolutionising payment solutions across our extensive retail network.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance Accounting Technician in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those who work in reinsurance. A friendly chat can lead to insider info about job openings that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can confidently discuss reinsurance processes and accounting principles. We want you to shine when they ask about managing settlements and intercompany balances!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in their minds. Mention something specific from your conversation to show you were engaged and interested.
✨Tip Number 4
Apply through our website for the best chance at landing that Reinsurance Accounting Technician role. We’ve got all the latest listings, and applying directly shows you’re serious about joining the team!
We think you need these skills to ace Reinsurance Accounting Technician in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reinsurance Accounting Technician role. Highlight relevant experience and skills that match the job description, like managing reinsurance transactions and liaising with stakeholders.
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 position. Mention specific examples from your past work that demonstrate your expertise in reinsurance accounting.
Showcase Your Attention to Detail:In this role, accuracy is key. Make sure your application is free from typos and errors. This shows us that you pay attention to detail, which is crucial for managing financial transactions.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates regarding your application.
How to prepare for a job interview at Taylor James Resourcing
✨Know Your Numbers
As a Reinsurance Accounting Technician, you'll be dealing with financial figures all day. Brush up on your knowledge of reinsurance premiums, settlements, and intercompany balances. Be ready to discuss how you've managed these in past roles, as it shows you understand the core responsibilities.
✨Stakeholder Communication is Key
You'll need to liaise with various stakeholders, so practice articulating your communication style. Think of examples where you've successfully navigated complex conversations or resolved issues with internal and external parties. This will demonstrate your ability to maintain strong relationships.
✨Be Prepared for Technical Questions
Expect questions about software tools and systems used in reinsurance accounting. Familiarise yourself with any relevant software you've used before, and be ready to discuss how you’ve contributed to development or testing processes. This shows you're proactive and tech-savvy.
✨Showcase Your Problem-Solving Skills
In this role, clearing unmatched balances and managing aged debt reports are crucial. Prepare to share specific examples of how you've tackled similar challenges in the past. Highlighting your analytical skills and attention to detail will set you apart from other candidates.
