Insurance / Reinsurance Technician - TPD 343

Job Type: Broking

Salary: A salary between £33 - 38,000, dependent on experince, together with a generous benefits package

Location: Central London

Sector: Broking

Job Description

This role is principally the technical processing of a wide variety of classes of business. It may also involve assisting with the general development of Technical documentation and processes and ensuring they conform to specific requirements.

  1. should have previous experience working within a Lloyd’s Broker and be familiar with the Technical processes and documentation of both Lloyd’s and Company markets. Candidates will require good computer skills including being fully conversant with Microsoft Word and a good understanding and confident use of Excel spreadsheets. Our Client utilises ‘Sector’, an SSP insurance broker product and IBS, a GPM product. Training on both systems will be provided.
  • Production and processing of Binding Authority premium bordereaux for our Client and connected companies.

  • Submitting documentation to Lloyd’s and Companies via Xchanging, using Accounting and Settlement and delinking where applicable, for bulk closings and facultative business.

  • Using DA SATS to upload bordereaux and resolving issues.

  • Assisting with the resolution of technical queries and liaising with producers, clients, underwriters and Xchanging as required.

  • Preparation of Premium Advice Notes (LPANs), closings and closing endorsements.

  • Running accounting reports, reconciliation and liaison with the Accounts Department and Business Units.

  • Raising payment requests.

  • Maintaining workbooks and other systems, including statistics and tracking workflow.

  • Maintaining Technical files (bookslips, bordereau files and Windows folders).

  • Profit Commission calculation.

  • Engaging with new systems, whether within our Client and associated companies or the London (Re)Insurance Market.

  • General Technical duties as required.

  • Any other ad hoc duties requested by senior management.

    Skills and experience:

    Good communications skills (written and verbal) and the ability to build and maintain professional relationships.

  • Well developed administrative and organisation skills.

  • A high level of attention to detail and accuracy

  • Computer literacy (in particular Microsoft Word/Excel) to an intermediate level.

  • Relevant experience within the Insurance Broking Market.

  • Good understanding and knowledge of insurance (and reinsurance) Technical processing

  • Ideally ‘A’ level standard but minimum Maths and English Language GCSE grade ‘B’ together with basic accounting ability.

  • Desire to achieve CII qualifications.

  • General reinsurance, including handling reinsurance transactions via LORS

  • Knowledge of relevant regulatory and compliance requirements.

  • Accident & Health and/or Travel.

Further details on application to: