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Date Added: Fri 16/09/2022

Technical Accountant (Insurance/Reinsurance)

London, UK
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Company: MASSENHOVE RECRUITMENT

Job Type: Permanent, FullTime

Salary: £40,000 - £60,000 per annum

Job Purpose:

To carry out all aspects of insurance accounting for our clients UK branch.

Key Result Areas:

  • To accurately process all receipts/settlements/payments to the appropriate ledger, having agreed the items with the relevant third party. This includes brokers, co-insurers, reinsurers and other third parties, such as loss adjusters etc.
  • To correctly allocate all receipts/payments against the respective technical entries on the ledgers, and to be able to reconcile any balance due to/from the third party to the third party statements.
  • To promptly and proactively investigate any settlement or technical queries on the ledgers, liaising with the underwriters, technicians and claims teams as appropriate to resolve the queries.
  • To issue accurate and timely statements of account to all third parties, as required in order to facilitate prompt settlement of balances.
  • To process accurate technical entries/journals onto the appropriate ledgers, in order to ensure up-to-date accounts are maintained. This will include various inter-company accounts as well as those of third parties.
  • To operate best practice credit control procedures in order to ensure Terms of Trade are met.
  • To produce various management reports and analyses of the ledger balances, cash etc. as requested by the finance & operations director or others in the business.
  • To proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the finance department.
  • To undertake any other tasks as requested by the Credit Control Team Leader, in order that the team achieve its objectives

Skills Required:

  • 2+ years relevant insurance &/or reinsurance accounts experience
  • Confident IT skills including MS Excel
  • Confident credit control abilities
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