Premium Technician (FTC)
3 days ago
London
Position Title: Premium Technician – Fixed Term Contract (12 months) Reports to: Central Operations Team Leader Location: London (Hybrid) Summary of Position: To deal with all aspects of Premium processing as directed by your Head of Department. Adhere to the departmental procedures & service level agreements for the period of 12 months FTC. Key Responsibilities & Accountabilities: • Completing risk profile within Management systems, • Producing, signed lines, confirmation of placement and Invoicing FATCA forms, • Create and maintain files, • Process and monitor incoming post/emails, • Produce and forward documentation to Lloyd’s/Lirma market via A&S, • Sending closing to Company Markets, • Assess and process premium movements, • Diary for quarterly and yearly adjustments if required, • Lors entries, • Complete premium payment warranty calendar entries, • Obtain agreement to premium bordereaux, where required, • Deal with market and/or client queries and liaise with the accounts department to ensure prompt payment of balances, • Liaise with other departments when problems arise, • Carry out various departmental ad hoc tasks and reports, • Maintain statistical data, • Adhere to company and regulatory policies & procedures together with mandatory training requirements., • Adhere to financial reporting requirements including monthly phasing of income. Functional & Behavioural Competencies required: • 5 GCSE’ grade C or above (or equivalent), • People management experience, • An understanding of principles of Insurance/Reinsurance, • Knowledge of Eclipse/Sequel would be beneficial, but not essential, • At least 2+ years experience in similar role, • Premium accounting experience essential, • A&S (IMR) Lors entries, • Communicates clearly and effectively both verbally and in writing, • Wide ranging technical knowledge, • Understanding of the FCA and their requirements, • Strong working knowledge of MS Word and Excel, • Ability to produce accurate and complete documentation consistently, • Ability to effectively contribute to the team and interact with others, • Personally demonstrate the five BMS values and ensure that team members are aligned with these:, • Accountable, • Entrepreneurial, • Collaborative, • Empowering, • Disciplined