Technical Accountant - Markel : Job Details

About Us

Our client, a leading global insurer, is part of one of the world's largest insurance groups.

This role is a 12-month contract, offered on a hybrid basis.

The Role

• Ensure the Technical Accounting ledgers accurately reflect insurance transactions (via Xchanging and direct) for premiums, claims, and cash balances, ensuring all balances are reconciled and understood.
• Ensure accurate booking of bordereaux for Delegated business.
• Build strong working relationships with underwriting, distribution, and claims teams to reduce errors from Xchanging and help improve the pursuit of overdue debtors.
• Serve as a centre of excellence for the eNora (Policy Administration) system.

Key Accountabilities

• Administer Xchanging error handling for premiums and claims across all UK-transacted business.
• Quickly grasp the financial aspects of slips for all classes of business.
• Review the outstanding EPI pipeline monthly to ensure it's appropriate to hold as a debtor.
• Allocate cash receipts promptly.
• Understand the systems landscape, particularly the interface between eNora (Policy Admin) and SAP (General Ledger), and how actions in eNora affect overall financial results.
• Drive corrective actions where necessary in the booking process to reflect changes in financial outcomes.
• Ensure all necessary payments are requested promptly and properly documented.
• Provide dashboards (Xchanging errors and outstanding balances) to underwriters monthly and resolve any queries efficiently.
• Issue Notices of Cancellation when required, as agreed with underwriters.
• Administer booking and settlement of any new binder business, ensuring a strong understanding of binder administration.
• Meet IPT and EEA regulatory reporting requirements.
• Continuously strive for process improvements and automation.

Skills & Experience

• Previous experience in a similar role within the London Insurance Market.
• Xchanging knowledge.
• Strong computer skills (particularly Excel).
• Analytical skills and solid financial understanding.
• Ability to work under pressure and meet tight deadlines.
• A team player with a proactive mindset.

Other

As an equal opportunities employer, our client is committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace fosters creativity and success.