At a Glance
- Tasks: Support premium processing and manage operational queries in a fast-paced environment.
- Company: Join Ryan Specialty, a leader in the Lloyd’s market with a focus on teamwork.
- Benefits: Gain valuable experience, competitive pay, and opportunities for career growth.
- Other info: Diverse and inclusive workplace committed to employee development.
- Why this job: Be part of a dynamic team and make a real impact in the insurance industry.
- Qualifications: Strong attention to detail and effective communication skills are essential.
The predicted salary is between 30000 - 40000 € per year.
The Technical Operations Assistant will support the efficient processing and administration of premium and bordereaux activity across Ryan Specialty MGUs and Coverholders operating in the Lloyd’s market. The role requires strong attention to detail, effective communication, and the ability to manage operational queries and workflows in a busy processing environment. Responsibilities will evolve over time in line with business and departmental needs.
Location: London - UK - Fenchurch
Responsibilities
- Bordereaux & Premium Processing
- Review, reconcile, and distribute written bordereaux for various Ryan Specialty MGUs and Coverholders.
- Produce and maintain accurate processing bordereaux in line with Lloyd’s Market and internal requirements.
- Ensure all premiums and return premiums are correctly attributed to the appropriate parties and year of account.
- Raise and issue accurate documentation in accordance with current Lloyd’s Market practices using the Brokasure system.
- Perform cash allocation of client funds against processed transactions, ensuring accuracy and completeness.
- Provide support to the Processing Team to process premiums and return premiums to Lloyd’s of London via XIS/Velonetic (formerly Xchanging) when required.
- Queries & Operational Support
- Manage, monitor, and respond to operational and premium‑related queries received via shared inboxes and email channels.
- Act as a point of contact for operational email queries, providing timely and accurate responses or escalation where required.
- Liaise with Ryan Specialty Underwriting Technicians to obtain and verify required information in support of processing activities.
- Deal with and respond to all Velonetic/Xchanging queries within agreed timelines and service standards.
- Maintain and update the queries tracker for all bordereaux, premium, and operational issues, ensuring visibility and auditability.
- Team & Department Support
- Provide day‑to‑day support to the Premium Processing team, assisting with workload management and task completion as required.
- Support team members during peak periods, absences, or backlogs to ensure operational continuity.
- Assist with identifying process issues, data discrepancies, or recurring queries and escalate appropriately.
- Attend internal and external meetings as required and contribute to discussions relating to operational performance and improvements.
- Administration & Record Management
- File, manage, and maintain all documentation, records, and data entry in line with internal procedures and audit standards.
- Ensure data accuracy, completeness, and timely updating of systems and trackers.
- Undertake general administrative and ad hoc tasks as required to support the effective running of the department.
- General
- Play an active role within the team and undertake other reasonable duties as required to ensure the department operates efficiently and compliantly.
Skills and Attributes
- Strong numerical, mathematical, and administrative skills.
- High level of accuracy and attention to detail.
- Confident user of Microsoft Office, with strong Excel capability.
- Ability to communicate clearly and effectively, both verbally and in writing.
- Proactive, motivated team player with the ability to work independently.
- Strong time management skills with the ability to prioritise and meet deadlines.
- Knowledge of Lloyd’s Market processes and Xchanging/Velonetic systems is highly advantageous.
- Experience using processing systems such as Brokasure is also beneficial.
Experience
- A graduate with an appropriate degree (or equivalent qualification), and/or one to two years’ experience in an insurance, operations, or technical support role is preferred.
- Exposure to Lloyd’s Market processing, bordereaux management, or premium accounting is desirable but not essential.
Equal Opportunity Employer
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
Technical Operations Assistant employer: Ryan Specialty
Ryan Specialty is an exceptional employer located in the heart of London, offering a dynamic work environment that fosters collaboration and innovation. With a strong commitment to employee growth, we provide comprehensive training and development opportunities, ensuring that our team members thrive in their roles. Our inclusive culture values diversity and encourages open communication, making it a rewarding place for individuals seeking meaningful careers in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Technical Operations Assistant
✨Tip Number 1
Get to know the Lloyd's market inside out! Familiarise yourself with the processes and systems like Brokasure and Velonetic. This knowledge will not only boost your confidence but also show potential employers that you're serious about the role.
✨Tip Number 2
Practice your communication skills! Whether it's responding to queries or liaising with team members, being clear and concise is key. Try role-playing scenarios with friends or family to sharpen your verbal and written communication.
✨Tip Number 3
Show off your attention to detail! During interviews, share examples of how you've managed complex tasks or resolved discrepancies in the past. This will demonstrate your ability to handle the operational queries and workflows that come with the job.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re proactive and genuinely interested in joining our team at Ryan Specialty.
We think you need these skills to ace Technical Operations Assistant
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Technical Operations Assistant role. Highlight your attention to detail and any relevant experience in premium processing or operational support, as these are key for us.
Show Off Your Skills:Don’t forget to mention your numerical and administrative skills! If you’ve got experience with Microsoft Office, especially Excel, let us know. We love seeing candidates who can communicate clearly and effectively.
Be Clear and Concise:When writing your application, keep it straightforward. Use clear language and avoid jargon. We appreciate candidates who can get to the point while still showcasing their personality.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Ryan Specialty
✨Know Your Numbers
As a Technical Operations Assistant, you'll be dealing with a lot of numerical data. Brush up on your mathematical skills and be prepared to discuss how you ensure accuracy in processing. Maybe even bring an example of a time you caught an error before it became a problem!
✨Master the Tools
Familiarise yourself with Microsoft Office, especially Excel, as well as any relevant systems like Brokasure or Velonetic. If you can, practice using these tools beforehand so you can confidently discuss your experience and how you’ve used them in past roles.
✨Communication is Key
Effective communication is crucial in this role. Think about examples where you've successfully managed queries or collaborated with team members. Be ready to demonstrate how you can clearly convey information, both verbally and in writing.
✨Show Your Team Spirit
This position requires a proactive team player. Prepare to share instances where you've supported colleagues during busy times or helped improve processes. Highlight your ability to work independently while also being a reliable team member.