Augment Risk
Senior Technical Accountant – Lloyds & Reinsurance
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About the Role:
Senior Technical Accountant – Lloyds & Reinsurance
Technical accounting, settlement controls, and financial accuracy
Augment Risk is seeking a Senior Technical Accountant with strong Lloyds and reinsurance expertise to help scale a high-control, technology-enabled servicing operation. This person will own critical accounting and reconciliation processes across premiums, claims, commissions, and settlements, and will partner closely with deal teams to ensure that the economics agreed at placement are accurately reflected in the operating record.
Role purpose:
Deliver accurate, timely, and well-controlled technical accounting for Augment's reinsurance portfolio, with particular responsibility for Lloyds market business and the operational bridges between contract terms, bordereaux, accounting records, cash, and market settlement.
Key responsibilities:
- Own technical accounting activities for allocated reinsurance and Lloyds portfolios, including premium, claims, commission, brokerage, tax, and settlement accounting.
- Review contracts, endorsements, bordereaux, and placement information to ensure accounting treatment aligns with the commercial agreement and market requirements.
- Prepare and review statements, reconciliations, cash allocations, settlement instructions, and supporting documentation; investigate and resolve breaks promptly.
- Partner with Claims Operations on claims reserves, loss movements, payments, and claims bordereaux, ensuring accurate financial records and traceable support.
- Work with the Lloyds Technical Operations Manager on market-specific processing, controls, exceptions, and data quality.
- Maintain robust accounting controls, evidence, and audit trails; identify risks early and escalate material issues with clear options and recommendations.
- Support credit control, collections, cash application, and payment validation as required across the portfolio.
- Contribute to the design and testing of accounting automation, bordereaux ingestion, reconciliations, and reporting tools while retaining effective human review.
- Provide practical technical guidance to brokers and Client Solutions teams on how deal terms and changes translate into servicing and accounting requirements.
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Required experience and capabilities:
- 5+ years of technical accounting experience in reinsurance, insurance, Lloyds broking, a managing agent, or a comparable specialist environment.
- Deep knowledge of technical accounting processes for premiums, claims, commissions, brokerage, cash, and settlement.
- Proven Lloyds market experience, including the operational and accounting consequences of market processing requirements.
- Strong reconciliation and analytical skills, with a rigorous approach to accuracy, documentation, and controls.
- Advanced Excel capability and confidence using accounting, broking, or workflow systems.
- Ability to explain complex accounting issues clearly to non-finance stakeholders and work effectively across functions.
Preferred experience:
- Experience with delegated authority, binders, bordereaux-heavy portfolios, or ILS-related structures.
- Experience improving or implementing technical accounting workflows, data controls, or automation.
- Professional accounting qualification or progress toward one.
What success looks like
- Premium, claims, commission, and cash records are accurate, timely, and readily explainable.
- Lloyds-specific accounting and processing exceptions decline and are resolved quickly when they arise.
- Technical Accounting becomes a proactive control and execution partner to the deal teams, not a downstream bottleneck.
Why Join Us:
- We offer competitive compensation packages, including base salary, performance-related bonuses, and equity participation.
- We will provide you with the opportunity to be inventive and innovative, we love challenging industry norms.
- You will work in a multi-disciplinary environment, collaborating closely with talented individuals within a flat structure.
- You will be trusted and encouraged to take ownership and accountability.
- We adopt a work from anywhere approach. Our colleagues and clients are globally distributed which means flexibility is key to delivering great client outcomes, and that’s what matters to us.
- We believe in rewarding success, and we want everyone to share in the value we create – therefore, all our employees are offered equity.
- We look after our people and their loved ones. Our employee benefits are designed with that in mind.
- Augment Risk is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
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Ready to make a difference?
As a fast-growing company, our culture is centered around innovation, collaboration, and ownership. This is an opportunity to take the initiative, bring ideas that will matter and be heard, and be involved in making impactful decisions, all while contributing meaningful work to the company’s success, which is of course highly recognized and rewarded.
We ensure to build transparency into our culture to foster trust and high engagement. Open communication, shared ideas, clear decision reasoning, along with a strong and constructive feedback culture ensures our employees feel empowered and informed.
Within this dynamic environment, you will be wholeheartedly supported by your skilled and talented colleagues. We are seeking like-minded individuals aligned with this culture, to not only shape and grow the role, but be a huge part of our exciting journey ahead.
If you feel well aligned to all the above, making this a great match for you, go ahead and apply now!
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