Senior Technical Accountant – Lloyds, Reinsurance

This is a fully remote position, open to applicants in United Kingdom.

📋 Description

• Take charge of technical accounting functions for designated reinsurance and Lloyds portfolios, encompassing premium, claims, commission, brokerage, tax, and settlement accounting.

• Analyze contracts, endorsements, bordereaux, and placement details to ensure accounting practices align with commercial agreements and market standards.

• Create and review statements, reconciliations, cash allocations, settlement directives, and necessary documentation.

• Promptly identify and rectify accounting discrepancies.

• Collaborate with Claims Operations on claims reserves, loss movements, payments, and claims bordereaux.

• Coordinate with the Lloyds Technical Operations Manager on market-specific processing, controls, exceptions, and data integrity.

• Uphold accounting controls, maintain evidence, and ensure audit trails are intact.

• Proactively identify risks and escalate significant issues with clear options and recommendations.

• Assist with credit control, collections, cash application, and payment verification.

• Contribute to the automation of accounting processes, bordereaux ingestion, reconciliations, and reporting tools while ensuring effective human oversight.

• Offer technical support to brokers and Client Solutions teams regarding service and accounting needs.

• Ensure that premium, claims, commission, and cash records are accurate, timely, and justifiable.

• Minimize and swiftly address Lloyds-specific accounting and processing discrepancies.

⛳️ Requirements

• Over 5 years of technical accounting experience in reinsurance, insurance, Lloyds broking, a managing agent, or a similar specialized environment.

• In-depth understanding of technical accounting processes related to premiums, claims, commissions, brokerage, cash, and settlement.

• Established experience in the Lloyds market, including the operational and accounting implications of market processing standards.

• Strong skills in reconciliation and analysis.

• Meticulous approach to accuracy, documentation, and controls.

• Advanced proficiency in Excel.

• Comfortable using accounting, broking, or workflow management systems.

• Capable of clearly communicating complex accounting concepts to non-finance stakeholders.

• Ability to collaborate effectively across various functions.

• Familiarity with delegated authority, binders, bordereaux-intensive portfolios, or ILS-related frameworks.

• Experience in enhancing or implementing technical accounting workflows, data controls, or automation processes.

• Professional accounting qualification or in-progress pursuit of one (preferred).

🏝️ Benefits

• Performance-related bonuses.

• Equity participation.

• Work-from-anywhere policy.

• Flexible work options for globally distributed colleagues and clients.

• Opportunities for creativity and innovation.

• Multi-disciplinary environment with a flat organizational structure.

• Ownership and accountability in your role.

• Equity offered to all employees.

• Employee benefits designed to support staff and their families.

• Commitment to equal opportunity and an inclusive workplace.

• Opportunities to take initiative and share ideas.

• Opportunities for impactful decision-making.

• A transparent culture fostering open communication and shared ideas.

• A strong and constructive feedback culture.

• Support from skilled and talented colleagues.