Premium Accounting Technician

Position Summary:

Ryan Specialty is a leading international specialty insurance firm which offers wholesale brokerage services, delegated underwriting expertise in the form of binding authorities, programs and highly specialized managing general underwriting companies, and other services designed specifically for brokers, agents and insurers. The Ryan Specialty family includes a wholesale brokerage operation (RT Specialty) and a collection of managing general, underwriting managers (Ryan Specialty Underwriting Managers. We value diversity and we are proud to be an equal opportunity employer.

Ryan Specialty Capital Management Limited is one of the Ryan group companies and carries out various processing duties on Binding Authorities for Coverholders within Ryan Specialty.

We seeking to recruit 4 team members in Mumbai to work with our team in London. You will report into an operational manager in Mumbai but at the same time be part of the larger team of technicians who report into the Premium Processing Manager in London.

Location:

Mumbai - India

What will your job entail?

Responsibilities which will evolve over time include:

• Premium and Return Premium processing for Lloyd's and Company markets in a Brokasure Desktop system
• Processing premium bordereau, ensuring adherence to Lloyd's guidelines, verifying the accuracy of data before processing and querying any discrepancies promptly
• Ensuring all premiums and return premiums are attributable to the correct MGU and year of account
• Ensuring all premiums and return premiums are attributable to the correct sections and risk codes
• Ensuring all premium and return premiums are processed with the applicable tax calculations and apportionment codes, checking current tax regulations as required
• Raising appropriate documentation accurately in accordance with current Lloyd's Market practices via Brokasure
• Building and maintaining a clear understanding of all MGU binder information sheets to ensure premium is processed correctly
• Accurately updating and maintaining a premium payment tracker
• Maintaining access to DXC/Velonetic/Xchanging systems to obtain package information and view work packages as necessary

• Filing, managing and maintaining all documentation and data entry necessary

• Attending meetings and dealing with general ad hoc tasks as required

Skills and Attributes:

• Good mathematic and administrative skills
• Accurate and numerate with a keen eye for accuracy and detail
• Computer skills - strong working knowledge of MS Office (Excel)
• Able to communicate effectively with others, both verbally and in writing
• Motivational skills, team worker as well as working on own initiative
• Ability to manage time, meet deadlines and prioritise
• Previous work experienced and an understanding of the insurance market advantageous
• Knowledge of DXC/Xchanging applications is also favorable

Disclaimer

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.