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.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Capture Technician - Insurance in Cheltenham
✨Tap into Local Agencies
For temporary roles like the one at G MASS, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so G MASS knows you can adapt quickly to their needs!
We think you need these skills to ace Risk Capture Technician - Insurance in Cheltenham
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch G MASS's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at G MASS
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at G MASS. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.
