Job Description
Role Overview
Our Client, an independent Lloyd's Broker, are now looking to expand their team with a Premium Technician. The Premium Technician is responsible for the accurate processing, reconciliation, and settlement of premium transactions within a Lloyd’s Broker environment. This role ensures timely and precise handling of premium accounting activities across multiple classes of business, supporting both internal stakeholders and external partners including underwriters, insurers, and clients.
Key Responsibilities
* Process insurance premiums, return premiums, and adjustments in accordance with market practices and internal procedures
* Checking and processing MRC Slips and Endorsements
* Manage bordereaux and statements, ensuring completeness and accuracy of data
* Reconcile premium accounts, identifying and resolving discrepancies promptly
* Liaise with brokers, underwriters, insurers, and clients to resolve queries and outstanding balances
* Monitor aged debt and credit, supporting collection and settlement activities
* Ensure compliance with Lloyd’s market requirements and internal controls
* Maintain accurate records within relevant systems and ensure audit trails are complete
* Support month-end and year-end close processes, including reporting and analysis
* Assist with system improvements and process optimisation initiatives
Key Skills & Experience
* A minimum of 2 years of experience in a Premium Technician or Technical Accounting role within a Lloyd’s Broker or London Market environment
* Strong understanding of insurance premium processing, including Lloyd’s and company market practices
* Experience handling multiple classes of business (e.g., Property, Casualty, Specialty lines)
* Proficiency in accounting and broking systems (e.g., Xchanging, Bureau, or similar platforms)
* Excellent attention to detail and high level of accuracy
* Strong analytical and reconciliation skills
* Ability to manage high volumes of data and meet tight deadlines
* Effective communication skills, both written and verbal
What We Offer
* Competitive salary and benefits package
* Exposure to a leading Lloyd’s market environment
* Opportunities for professional development and career progression
* Collaborative and dynamic working culture