Insurance Broker Technician
Liability Broker Technician required to work in the City at an established Lloyds Broker.
Join this busy team to process North American and UK Casualty risks.
·Use of Xchanging's Daily Accounting Report to monitor signings and inform Account Executives
·At Allocation insure information is fully/correctly shown in MRC
·Check Pans/Closings show correct premium and insurer information
·Credit control - monitor and manage payments on a daily basis
·Liaise with the Account Executives and Accounts Department to ensure prompt receipt and onward payment within any premium payment terms set by Insurers;
·Arrange for premium payment terms to be updated when premium overdue;
·Submit Premiums/Additional Premiums/Return Premiums and Binding authority premium bordereaux to XIS via the IMR for signing;
·Requesting of Return Premiums from Company Markets
·Submit Closings to the Accounts Department for wire transfer;
·Promptly respond to queries when raised by Underwriters
·Resolving any stage 1 queries raised by bureaux
·Responsibility for Lineslip Renewals and setting up of FDO markets
·Updating of In-House Risk Tracking System
·Running Premium Received/ Sent and Premium Payment Reports
Key knowledge / experience
·Good understanding of the Lloyd's/XIS market and IMR procedures is essential;
·A good knowledge of the Lloyd's Market Tools and Resources, including Crystal Global Trading Information and Open Market Quality Assurance Tool;
·Experience in the North American Liability Market with focus on Lawyers Professional Liability, Architects and Engineers Professional Liability and Directors and Officers Liability would be a distinct advantage;
·Candidate would be expected to gain a good understanding of the firm's Procedure Manual, Compliance Manual, Complaints Handling Procedure Manual and ICOB should they be successful.