Technical Accountant

About the Role

Wise May are looking for a proactive, detail-orientated Insurance Technical Accountant to join a Global Reinsurer. Within this role, you will lead and oversee the administration of insurance accounts and contracts, engaging with internal operations teams and their outsourced underwriting and operations provider to deliver strategic oversight of data integrity across assigned Lines of Business.

This is a full-time, permanent position with hybrid working (3 days in the office / 2 remote) and the working hours are 9am-5pm.

Insurance Technical Accountant Duties and Responsibilities

• Lead and oversee the administration of insurance and reinsurance contracts for different lines of business.
• Responsible for the validation of facultative entries and risks in accounting and underwriting systems, maintaining high standards of data governance.
• Provide strategic oversight of data integrity across assigned Lines of Business whether managed internally or through outsourced partners.
• Oversee the correct input and audit of Terms & Conditions in the accounting system, implementing robust quality assurance protocols.
• Ensure completeness and accuracy in the recording of account and claims advices, driving accountability across teams.
• Serve as a senior liaison between Underwriting, Claims, brokers, cedents, and outsourced teams to resolve complex discrepancies and ensure alignment across stakeholders.
• Identify, document, and escalate issues related to outsourced deliverables, ensuring timely resolution and continuous improvement.
• Govern outsourced initiatives, ensuring adherence to contractual obligations, quality benchmarks, and delivery timelines.
• Analyse and interpret internal reports to monitor client accounts and performance metrics, providing actionable insights and strategic recommendations to senior stakeholders.
• Champion knowledge sharing and collaboration across internal teams and external partners, fostering a culture of transparency and continuous learning.
• Communicate effectively and constructively with staff and leadership, influencing outcomes and driving engagement.
• Lead the organisation and prioritisation of workload within the outsourced team, maintaining SLA compliance and proactively managing performance.
• Execute Internal Control System (ICS) checks in line with applicable guidelines and actively assist Underwriters in fulfilling these control requirements.
• Supervise the accuracy and complete documentation for underwriting, accounting, and claims within the Document Management System (DMS).
• Conduct payment sanctions and embargo screenings by reviewing relevant lists and escalate to Underwriting or Legal teams for further assessment when necessary.
• Serve as a key point of accountability for both internal and external audits, including those conducted by third parties and local regulatory bodies.
• Oversee cash flow activities, including the setup of client bank accounts within the accounting system.
• Ensure that Processing of incoming and outgoing payments is accurate and executed in a timely manner.
• Track and follow up on outstanding payments and unresolved balances related to the outsourced portfolio and designated contracts.