Reinsurance Operations Technical Accountant

  • Location

    City of London, London

  • Sector:

    General Insurance

  • Job type:


  • Salary:

    £33000 - £36000 per annum

  • Contact:

    Louise Jolly

  • Contact email:

  • Job ref:


  • Published:

    almost 2 years ago

  • Duration:

    3-6 Months

  • Expiry date:


  • Startdate:


  • Consultant:


Global reinsurer is seeking a Technical Accountant for the Reinsurance Operations team. The role includes processing, monitoring and administrative tasks and the position will be part of a team reporting directly to the Reinsurance Operations Controller.

Duties and responsibilities will include but are not limited to:

  • Receipt, review and accurate data entry of Proportional and Non-Proportional Treaty Accounting statements.
  • Booking and applying cash receipts/disbursements
  • Assist with monitoring, processing and allocating accounts receivables/payables with clients/brokers
  • Maintenance of the reinsurance receivables ledger
  • Processing of payments
  • Perform and assist in monthly closing procedures for the reinsurance system, including reconciliations, controls and analysis
  • Handling the process of reminders for outstanding balances and overdue accounts
  • Collaborate with Reinsurance Operations team members focusing on transactional underwriting to facilitate an improved understanding and cross functional review of the full life cycle of reinsurance contract.
  • Contribute to the continuous improvement / design of operations processes, policies and guidelines

To be successful in the role you will need to have technical accounting experience from a Lloyd's background, dealing with IMR's, ledgers and monthly closings.