Augment Risk
Augment Risk
51 – 200 Employees
ConsultingInsuranceLogistics
Augment Risk is an FCA-authorised insurance and risk advisory firm that connects institutional and corporate clients with tailored reinsurance and capital solutions. Its work spans structured reinsurance, parametric products, insurance-linked securities investor capacity, MGA capital solutions, captive arrangements, and legacy portfolio management. Operating across global hubs, Augment Risk focuses on aligning capital with client strategy to support growth, improve capital efficiency, protect margins, and manage volatility.

Senior Technical Accountant – Lloyd’s Reinsurance

Lead technical accounting for Lloyd’s and reinsurance portfolios at Augment Risk. Manage settlements, reconciliations, controls, and the accuracy of portfolio financial records.

Description

  • Manage technical accounting for assigned reinsurance and Lloyd’s portfolios, covering premiums, claims, commissions, brokerage, tax, and settlements
  • Assess contracts, endorsements, bordereaux, and placement data against commercial agreements and market requirements
  • Prepare and review statements, reconciliations, cash allocations, settlement instructions, and supporting records
  • Investigate accounting discrepancies and drive timely resolution
  • Coordinate with Claims Operations on reserves, loss movements, payments, and claims bordereaux
  • Partner with the Lloyd’s Technical Operations Manager on market processing, controls, exceptions, and data quality
  • Maintain robust accounting controls, supporting evidence, and audit trails
  • Spot emerging risks and escalate significant issues with clear recommendations and response options
  • Assist with credit control, collections, cash application, and payment verification
  • Help improve accounting automation, bordereaux ingestion, reconciliations, and reporting tools while preserving effective human oversight
  • Advise brokers and Client Solutions teams on servicing and accounting requirements
  • Keep premium, claims, commission, and cash records accurate, timely, and readily explainable
  • Minimize and rapidly resolve Lloyd’s-specific accounting and processing exceptions

Requirements

  • At least five years of technical accounting experience in reinsurance, insurance, Lloyd’s broking, a managing agent, or a similar specialist setting
  • Thorough understanding of technical accounting for premiums, claims, commissions, brokerage, cash, and settlements
  • Demonstrated Lloyd’s market experience, including the operational and accounting impact of market processing requirements
  • Strong analytical ability and reconciliation skills
  • Highly disciplined approach to accuracy, documentation, and financial controls
  • Advanced proficiency in Excel
  • Comfort working with accounting, broking, or workflow systems
  • Ability to communicate complex accounting matters clearly to non-finance colleagues
  • Effective collaborator across multiple functions
  • Experience with delegated authority, binders, bordereaux-intensive portfolios, or ILS structures
  • Background in improving or implementing technical accounting workflows, data controls, or automation
  • Professional accounting qualification or progress toward one preferred

Benefits

  • Performance-based bonus opportunities
  • Equity participation
  • Work-from-anywhere approach
  • Flexible arrangements supporting globally distributed colleagues and clients
  • Scope to develop inventive and innovative solutions
  • Multidisciplinary team with a flat organizational structure
  • Meaningful ownership and accountability
  • Equity available to every employee
  • Benefits intended to support employees and their loved ones
  • Equal opportunity and inclusive workplace
  • Encouragement to take initiative and share ideas
  • Opportunities to influence important decisions
  • Transparent culture centered on open communication and shared ideas
  • Strong culture of constructive feedback
  • Supportive collaboration with skilled and talented colleagues

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