Job Description
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