Technical Accountant

  • Up to £40000 per annum
  • City of London
  • Mw Appointments

Technical Accountant

City of London

Salary to c£40,000 per annum

About the Company:

One of the largest Reinsurance Company worldwide, following a profit-driven underwriting policy and practising selectively across all branches of reinsurance. The specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.

Aims, as an independent global reinsurance company, is to develop its business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insures against the risks they face.

About the Role:

Provide support services in respect of all aspects of treaty business. Guaranteeing that all information captured on the underwriting ledger is accurate and reliable.

* Guarantees that all premiums are received and accounted on time

* Contributes to the overall results of the company by booking all accounts on time

* Enhances the Company image by efficient and pleasant relationships with clients

Key Duties / Responsibilities:

Proportional and Non-Proportional Accounts

* Control of accounts, premiums, cash losses, deposits, Individual losses and outstanding Losses

* Receipt of accounts on time

* All accounts agreed and completed within seven days of receipt unless under query

* All deductions shown within the accounts are checked with the underwriting details entered

* Signed line shown on first account are checked with written and signed line

* Roja premiums are checked with underwriting details before confirming account and payment

* Cash losses are monitored and any cash losses not released on time are queried

* Deposits are monitored and any deposit not released on time are chased

* Liaise with Claims Department and ensure that individual losses advised to us are entered and updated regularly

* Any large increase in block outstanding losses is queried with the cedant / broker and loss details requested

* When all the accounts and reserves have been received for an accounting period of a treaty the complete account is confirmed

* Proportional accounts received via LIRMA are validated in E-Proc

* All overdue accounts are chased

* All block outstanding losses are reviewed regularly and chased when overdue

* Assis Commutation Department on commutation of proportional treaties

* Ensuring all run off accounts are cut - off or run - off to natural expiry

* Monthly reports to management

Key Experience / Knowledge:

* Technical Accounting experience in the London Market

* Knowledge of Reinsurance, Treaty, Claims, Xchanging and London market practices, codes of conduct and industry bodies

* Excel - Advanced, Exchanging / CLASS and IMR

Ref 7061

MW Appointments is acting as an Employment Agency in relation to this vacancy.

  • Advertiser: Agency
  • Reference: JO0000007061