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Treaty Technician

AMC Insurance Appointments Ltd

London

Hybrid

GBP 40,000 - 80,000

30+ days ago

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Job summary

An established industry player is seeking a skilled Treaty Technician to support the administration of proportional Treaty & Reinsurance contracts. This role is pivotal in ensuring accurate technical reinsurance accounting and enhancing the team's technical expertise. You will manage contract administration, validate submissions, and prepare essential financial statements while maintaining compliance with regulatory standards. This position offers flexibility with the option to work office-based, hybrid, or fully remote, making it an excellent opportunity for professionals looking to balance work and life. If you have a strong background in the London Market and are passionate about technical accounting, this role is for you.

Qualifications

  • Extensive technical accounting experience in London Market reinsurance.
  • Strong understanding of Lloyd’s and London Market processes.

Responsibilities

  • Manage administration of proportional treaty reinsurance contracts.
  • Prepare profit commission statements and portfolio transfers.

Skills

Technical Accounting

Communication Skills

Problem Solving

Attention to Detail

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Our Lloyd’s broker client is looking for an experienced Treaty Technician, who will be responsible for supporting the administration of proportional Treaty & Reinsurance contracts for the company’s expanding client base. As a key point of contact for London-based broking teams, you will ensure smooth processes and accurate handling of technical reinsurance accounting. You will also play a vital role in developing the technical knowledge of others within the team, contributing to the overall success of the business.

In this role, you will:

  1. Manage the administration of proportional treaty reinsurance contracts, ensuring accuracy and efficiency.
  2. Validate account submissions and cash loss transactions in line with contract terms.
  3. Prepare profit commission statements, portfolio transfers, and sliding scale calculations.
  4. Ensure accurate data entry and credit control processes while resolving outstanding queries.
  5. Support business units by providing timely and accurate management information.
  6. Maintain up-to-date records across company systems and ensure compliance with regulatory requirements.
  7. Assist with training and mentoring less expert team members to develop technical expertise.

We’re looking for someone who:

  1. Has extensive technical accounting experience within the London Market reinsurance sector.
  2. Possesses a strong understanding of Lloyd’s and London Market processes and systems.
  3. Can demonstrate technical expertise in proportional treaty accounting.
  4. Has experience auditing and reviewing the work of others for accuracy and compliance.
  5. Works efficiently under pressure, meeting deadlines while maintaining high-quality standards.
  6. Is a strong communicator, able to build and maintain relationships with clients and internal partners.
  7. Has proficient IT skills, particularly in Microsoft Word, Excel, and PowerPoint.

We have been advised that the location of this role can be office based, hybrid or fully remote for the right person.

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