Job Profile Summary
The main purpose of this role is to administrate reinsurance recovery activities for Chaucer Lloyd’s Syndicate 1084 and Chaucer Insurance Company DAC. In addition, the role holder will be required to provide renewal information to assist in the purchase of reinsurance coverage.
Job Description
* Reinsurance recoveries for excess of loss, proportional and facultative accounts
* Calculate, issue and monitor reinsurance collection notes as per contract terms and conditions
* Premium Adjustments, Profit Commission & NCB calculations
* Manage collection and payment of recoveries and premium, and manage Aged Debt
* Compliance with the Reinsurance Administration Department’s month/quarter end deadline requirements
* Produce Risk and Claim bordereaux to support reinsurance accounts
* Produce renewal presentation information
* Respond to Broker/Reinsurers queries in a timely manner
* Cover note administration, including the recording of reinsurance information into in-house systems
* Review of tasks completed by our Outsourcing Partner
* Project work including:
o assistance with the testing and implementation of new software and processes
o release testing of current systems (Charisma & XL Pro)
o Review and update procedure manuals in an accurate and timely manner
* Management information
* Other duties as assigned
Regulatory Responsibilities
Manage the relationships with Customers, Agents and Service Providers:
* Foster positive relationships with Customers and attain an understanding of their needs
* Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.
* Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
* Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction
Skills and Competencies
Essential:
* Previous reinsurance experience
* Experience with a Lloyd’s syndicate
* Excel, intermediate
* Word, intermediate
* Microsoft Office, intermediate
Desirable:
* Previous involvement in a reinsurance platform implementation
* Experience with the LORS system
* Experience with XL Pro reinsurance platform
Education
Essential:
* GCSE English and Maths grade C or above (or equivalent)
* 3 ‘A’ Levels (or equivalent)
Desirable:
* Lloyd’s Introductory Test
* CII Qualification
Nothing in this job description may replace an individual’s contract of employment or the company’s policies and procedures as contained in the employee handbook.
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