Role Overview
Our client, a Lloyd's third-party managing agent, is seeking experienced Risk Capture Technicians to support their Risk Capture as a Service function. This role involves reviewing insurance slips and supporting documents, extracting key policy information, and accurately recording it within the client's Policy Administration System (PAS).
Key Responsibilities
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Process London Market insurance underwriting data in line with applicable procedure guides
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Analyse technical data and calculate technical transactions, including limits, premiums, and deductions
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Manage internal and external queries to support the accuracy and efficiency of data processing
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Apply taxes and deductions accurately during risk/endorsement processing
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Perform premium calculations, including pro-rating against policy periods and calculating premiums from schedules
Key Performance Indicators
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Process insurance underwriting data on a timely and accurate basis, adhering to:
- Benchmark standards
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Accuracy targets
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Contractual Service Level Agreements (SLAs) per client/service
Requirements
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Strong understanding of London Market insurance terminology
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Ability to read and interpret slips and endorsements across all lines of business
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Working knowledge of standard market practice for processing risks and endorsements into a PAS system
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Prior experience in a risk capture, technical processing, or policy administration role within the Lloyd's/London Market is essential
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Strong attention to detail and comfort working to contractual SLAs
Benefits
Length: Initial 6-month contract, with view to being extended
