Broker Premium Processing Technician

2 days ago

London, United Kingdom Next Employment Full time

Large and well respected Lloyd's Broker seeks a Premium Processing Technician with at least 3 years' experience. Working with the Head of Department, you will assist in all aspects of premium processing.

Responsibilities include:

- Completing risk profile within Management systems
- Create and maintain files
- 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
- Processing of bordereaux
- 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

Knowledge required:

- 5 GCSE’ grade C or above (or equivalent)
- An understanding of principles of Insurance/Reinsurance
- Knowledge of Eclipse/Sequel would be beneficial, but not essential
- At least 3 years experience in similar role
- Premium accounting experience essential
- A&S (IMR) Lors entries

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