Senior Technical Accountant (12 month FTC)

Why Chaucer

An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.

This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.

Job summary

Working within Chaucer's Non Bureau & Credit Control Team, the Senior Technical Accountant has responsibility for processing insurance and reinsurance accounts, reconciling and settling balances. This role supports the business written via Chaucer's international offices.

Main duties

• Act as a focal point for inwards treaty reinsurance technical accounts matters across Chaucer Group
• Process and reconcile insurance accounts written via Chaucer's international offices
• Ensure the timely submission of Quarterly accounts and maintain data integrity and accuracy in the system
• Ensure timely and accurate settlement of premium and claims in accordance with treaty terms, escalating to Underwriters where necessary
• Reconcile accounts and resolve complex discrepancies in collaboration with Brokers, Underwriters and Claims, where necessary
• Liaise with outsource providers in terms of timely allocation of cash received and queries raised
• Monitor and contribute to meeting KPI's in terms of the reduction of aged debt and unallocated cash within Chaucer Group
• To develop and provide reports to the Credit Control Manager regarding activities undertaken
• Drive and contribute to continuous improvement initiatives surrounding processes in relation to the reduction of aged debt, unallocated cash and queries specific to proportional treaty accounting.
• Develop, implement and maintain credit control policies and procedures to improve efficiency and effectiveness
• Participate in the reduction of data quality issues across the Chaucer Group highlighting opportunities for improvement
• Support the Credit Control and Non Bureau Manager in the centralisation of the proportional treaty accounting, ensuring inconsistencies are kept at a minimum across Chaucer's international offices.
• Provide guidance and training to other Team members if required
• Attend and participate in training sessions and other meetings, as and when required
• Assist with and undertake tasks as defined by the Credit Control and Non Bureau Manager

Skills and Competencies

• Reinsurance and insurance market knowledge, via Lloyd's an insurance or broker
• Technical accounting experience within the reinsurance / insurance sector, with a focus on reinsurance treaty management
• Prior experience as an SME during change projects and the adoption of new processes
• Adaptable and responsive to changing priorities and team needs

Why Join Chaucer?

An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.

This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.

We offer:

• A flexible 2 days in the office hybrid work model that supports individual and team needs.
• A diverse, inclusive culture that values people for who they are.
• Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.