At a Glance
- Tasks: Review insurance slips, extract key information, and record it accurately in the system.
- Company: Join a leading Lloyd's third-party managing agent with a focus on innovation.
- Benefits: Initial 6-month contract with potential for extension and valuable industry experience.
- Other info: Strong attention to detail and ability to meet SLAs are key to success.
- Why this job: Be part of a dynamic team shaping the future of insurance data processing.
- Qualifications: Experience in risk capture or policy administration within the London Market is essential.
The predicted salary is between 35000 - 45000 £ per year.
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
- Process London Market insurance underwriting data in line with applicable procedure guides
- Analyse technical data and calculate technical transactions, including limits, premiums, and deductions
- Manage internal and external queries to support the accuracy and efficiency of data processing
- Apply taxes and deductions accurately during risk/endorsement processing
- Perform premium calculations, including pro-rating against policy periods and calculating premiums from schedules
Key Performance Indicators
- Process insurance underwriting data on a timely and accurate basis, adhering to benchmark standards
- Accuracy targets
- Contractual Service Level Agreements (SLAs) per client/service
Requirements
- Strong understanding of London Market insurance terminology
- Ability to read and interpret slips and endorsements across all lines of business
- Working knowledge of standard market practice for processing risks and endorsements into a PAS system
- Prior experience in a risk capture, technical processing, or policy administration role within the Lloyd's/London Market is essential
- Strong attention to detail and comfort working to contractual SLAs
Benefits
Length: Initial 6-month contract, with view to being extended
Risk Capture Technician - Insurance in Cheltenham employer: G MASS
G MASS is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets finance. Employees benefit from a collaborative culture that encourages professional growth and development, alongside competitive remuneration and flexible working arrangements. With a focus on enhancing broker data handling capabilities, this role provides a unique opportunity to work with cutting-edge technology and contribute to impactful projects within a leading hedge fund.
