Treaty Accounts Technician

Recruiter
London - City
Location
London
Salary
35000.00 - 40000.00 GBP Annual
Posted
09 Aug 2017
Expires
15 Aug 2017
Contract Type
Permanent
A Lloyd's Broker seek a Treaty Accounts Technician. Our client are looking for a candidate with experience of working on Treaty business and you will be dealing with all reinsurance risks, with Excess of Loss claims and accountancy/spreadsheets. You will be responsible for; Processing and administration of proportional treaty accounts, premium adjustments, and XOL claims in accordance with slip conditions and company procedures, including credit control.

Key Accountabilities/Core Competence Indicators:

Treaty Accounts Processing
Process proportional treaty accounts and premium adjustments in accordance with the slip conditions and company procedures.
Maintain reconciliations of technical accounts in accordance with company procedures
Monitor/review technical position of treaty accounts and premium adjustments in accordance with company procedures.

XOL Claims
Process excess of loss claims/reinstatements from first advice and settlement in accordance with the slip conditions and company procedures.
Administer claim until closed in accordance with company procedures.

Credit Control
Monitor/review associated business entities balances.
Control collections and transfer of funds to/from associated business entities in accordance with company procedures.

Communication
Action to all internal/external enquires and query resolution in accordance with company procedures
Liaise with the Account Executive/Accounts Department, if/where necessary, where there is a common interest and/or account query resolution required.

Management Information/Support
Produce and/or analyse premium/brokerage/claims/renewal and other statistics as may be required by Line Manager/Division.
Inform/update Line Manager/Division of potential technical/financial problematical issues that may arise.
Maintain/review common files/spread sheets for reporting purposes.
Assist Line Manager/Division, where required, any projects that may arise.
Contribute to the wellbeing of the Division.

Knowledge and Skills Required

Previous reinsurance experience
Market and industry structure and operation, including regulatory awareness
LLMIT or LM1 and LM2 or equivalent experience
Technical insurance to CertCII, or equivalent experience
Sector specific risks and insurance products/solutions
IT literacy in Word, Outlook and Excel (Basic)
Client servicing
Accuracy and thoroughness
Internal structure and organisation
FCA - Insurance Conduct Of Business Sourcebook
Money laundering/prevention of financial crime