Reinsurance Technical Accountant

Job Profile Summary

Workingwithin Chaucer's Credit Control & Treaty team, the Reinsurance Technical Accountant is responsible for assisting withthe accurate processing, reconciliation and settlement of insurance and reinsurance accounts. The role supportsthe timely collection of balances, reduction of aged debt and unallocated cash, and resolution of technical accounting queries across Chaucer's international and London Market business.

Job Description

1. Assist the Credit Control Treaty Lead in respect of inwards treaty reinsurance account matters across Chaucer Group
2. Assist with the timely submission and reconciliation of quarterly accounts, maintaining accuracy and data integrity.
3. Support the collection and settlement of premiums and claims in accordance with contractual terms, escalating to Underwriters where necessary
4. Support the investigation and resolution of account discrepancies, settlement queries and unallocated cash items.
5. Liaise with brokers, cedants, reinsurers, underwriters and internal stakeholders to resolve accounting and settlement issues.
6. Escalate technical accounting, settlement and collection concerns where appropriate.
7. Contribute to meeting KPI’s in terms of the reduction of aged debt and unallocated cash within Chaucer Group
8. Actively participate in continuous improvement initiatives surrounding processes in relation to the reduction of aged debt, unallocated cash and queries specific to proportional treaty accounting.
9. Assist in maintaining policies and procedures in relation to the role to improve efficiency and effectiveness
10. Assist in the reduction of data quality issues across the Chaucer Group, that impact credit control
11. Attend and participate in training sessions and other meetings, as and when required
12. Undertake additional duties as reasonably requested by the Credit Control Treaty Team Lead.

Regulatory Responsibilities

Support the CSL and CIC Board’s to maintain a corporate culture, policies and procedures that pay due regard to the interests of CSL / CIC customers and treats them fairly at all times.

Skills and Competencies

1. Awareness of, or interest in developing knowledge of the Lloyd’s insurance market
2. Microsoft Word – intermediate level
3. Microsoft Excel – intermediate level
4. Flexible and adaptable, with a professional and approachable manner
5. Confident communicator with the ability to build positive working relationships
6. Well organised, with the ability to manage time effectively and stay on top of tasks
7. A collaborative team player who enjoys working with others and contributing to shared goals
8. Motivated and proactive, with the willingness to learn and take responsibility for own work
9. Able to plan and prioritise tasks to meet agreed deadlines, with appropriate support
10. Excellent attention to detail, with a genuine commitment to producing accurate, high‑quality work

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.