DUA - Analyst
- Recruiter
- BCT Resourcing
- Location
- City of London, London
- Salary
- 0
- Posted
- 08 Mar 2017
- Closes
- 05 Apr 2017
- Ref
- 1385922
- Contract Type
- Contract
- Hours
- Full Time
My client is an underwriting operation that manages a number of Facilities in different classes on behalf of various capital providers and also takes various shares in those facilities as a risk bearing entity as part of their Syndicate. The in-house processing team requires an additional resource to support technical processing.
Main Responsibilities
* Managing the placement and processing of a portfolio of binding authorities and consortium arrangements
* Updating the appropriate systems with data relating to new business enquiries, quotes, firm orders and renewals
* Producing all appropriate documentation, including but not limited to Market Reform Contracts, endorsements, cover notes and evidence of cover
* Maintaining complete, accurate and timely records in relation to the performance of the contracts
* Preparing management information within the business and to external stakeholders about the performance of the contracts
* Ensuring that underwriters understand the terms of the contracts
* Ensuring that the contracts are properly endorsed to reflect any changes in the agreed underwriting plans
* Ensuring that the contracts are consistent with any outwards reinsurance protections purchased to support delivery of the underwriting plans
* Managing binding authorities and/or line slips as required, including the monitoring and processing of declarations and bordereaux
* Monitoring, reconciling and collecting cash
* Processing invoices and accounting entries on the appropriate systems
* Processing claims via Eclipse Broking / ECF
* Updating Claim controls logs
* Ensuring that accounts are appropriately aligned to the Underwriting Control log
* Processing market closings to Xchanging via the appropriate systems and monitor and/or resolve any queries raised
* Making entries onto BARs and other systems
* Communicating with markets via email and telephone as required by the broker/broking team
* Providing a broking service as and when required
* All other operational and broking duties as required
Experience
* This role requires an individual with strong technical skills gained within the London Market, familiarity with practices and procedures and understanding and experience of handling a range of classes of business.
* Class of risk and product knowledge
* Understanding of tax in different jurisdictions
* Sequel Eclipse Broking a strong advantage
* An understanding of the operating model from an MGA / Insurer perspective
Main Responsibilities
* Managing the placement and processing of a portfolio of binding authorities and consortium arrangements
* Updating the appropriate systems with data relating to new business enquiries, quotes, firm orders and renewals
* Producing all appropriate documentation, including but not limited to Market Reform Contracts, endorsements, cover notes and evidence of cover
* Maintaining complete, accurate and timely records in relation to the performance of the contracts
* Preparing management information within the business and to external stakeholders about the performance of the contracts
* Ensuring that underwriters understand the terms of the contracts
* Ensuring that the contracts are properly endorsed to reflect any changes in the agreed underwriting plans
* Ensuring that the contracts are consistent with any outwards reinsurance protections purchased to support delivery of the underwriting plans
* Managing binding authorities and/or line slips as required, including the monitoring and processing of declarations and bordereaux
* Monitoring, reconciling and collecting cash
* Processing invoices and accounting entries on the appropriate systems
* Processing claims via Eclipse Broking / ECF
* Updating Claim controls logs
* Ensuring that accounts are appropriately aligned to the Underwriting Control log
* Processing market closings to Xchanging via the appropriate systems and monitor and/or resolve any queries raised
* Making entries onto BARs and other systems
* Communicating with markets via email and telephone as required by the broker/broking team
* Providing a broking service as and when required
* All other operational and broking duties as required
Experience
* This role requires an individual with strong technical skills gained within the London Market, familiarity with practices and procedures and understanding and experience of handling a range of classes of business.
* Class of risk and product knowledge
* Understanding of tax in different jurisdictions
* Sequel Eclipse Broking a strong advantage
* An understanding of the operating model from an MGA / Insurer perspective