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technical Premium Accountant

Applications for this role are now closed. View similar roles here.
The details

Posted:

This role plays a key part in the Techincal Operations Team, you will be tasked with ensuring that all premiums are reviewed, chased and recorded in an accurate and timely manner. 

Duties and Responsabilties: 

Bordereaux management

  • Review and resolve all errors and exceptions identified by the Bordereau Management Tool.
  • Manage all final adjustments and account closing advices checking against premium instalments - with any discrepancies to be brought to the Underwriters’ attention or directly liaising with the broker as appropriate.
  • Reconcile and match Xchanging entries to policy and premium entries booked.
  • Supporting wider credit control function as required.

Premium Review and Updates: 

  • To make sure all premium adjustments are recieved and follow up with broker for overdue adjustments 
  • All of the unaccounted premiums should be reviewed and resolved on a monhtly basis before each month close 
  • You will be tasked with ensuring that all quota share premiums statements are recieved on time and chase broker for any missing submissions. 

IPT returns: 

  • Finish the data quality checks to make sure that the correct IPT rates are being included as well as a breakdwon or detailed data is supplied where required 
  • Responsible for the preparation of the IPT returns which are submitted to the Fiscal Representatives.
  • Ensure that all the checklist items are reviewed and monitored and that the requires levels of data are stored to ensure that audit trails are maintained.
  • Resolve any queries received from the Regulatory Reporting Team or the Fiscal Representatives in a timely manner.

Minimum Qualifications Skills and experience 

  • A minimun of 3 years experience in an operations based team with a focus on premium management 
  • A practical understanding of Underwriting and policy administration systems;
  • Basic competency in MS Office applications: Word and Adobe Standard required
  • Advanced Outlook and Excel skills
  • Demonstrated ability to master new concepts quickly, and take initiative with own personal development
Applications Closed