At a Glance
- Tasks: Manage and analyse bordereaux data while ensuring compliance with industry standards.
- Company: Join a leading insurance firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Exciting opportunities for growth in a fast-paced environment.
- Why this job: Be part of a dynamic team making a real impact in the insurance sector.
- Qualifications: Experience in bordereaux management and strong analytical skills required.
The predicted salary is between 36000 - 60000 € per year.
Key Accountabilities:
- Bordereaux Management
- Receive, review and process incoming bordereaux from Coverholders and TPAs in line with binding authority agreements.
- Ensure data quality and compliance with Lloyd's Coverholder reporting standards and other regulatory requirements.
- Maintain bordereaux schedules and ensure timely ingestion into internal systems.
- Create reports and trend analysis as required.
- Data Validation and Upload
- Cleanse, map and upload bordereaux to internal systems.
- Identify and investigate anomalies, missing data and contract breaches.
- Resolve queries from outsource partners e.g. coverholders, brokers, TPAs.
- Stakeholder Collaboration
- Liaise and collaborate with internal teams, including underwriting, finance, claims, external partners, Coverholders, Broker and TPAs.
- Support Underwriters in monitoring binder performance.
- Highlight and escalate persistent data or performance issues.
- Support the Bordereaux Manager in handling queries and reporting requirements.
Role Requirements:
- Prior experience in a Bordereaux Technician or Analyst role within the Lloyd's (or Company) Market.
- Familiarity with Lloyd's regulatory framework and underwriting processes.
- Strong understanding of bordereau types: premium, claims and risk.
Skills & Competencies:
- Strong Excel skills (pivot tables, lookups, data cleaning).
- Experience with data integration/mapping tools.
- Understanding of bordereaux formats, mapping and validation techniques.
- Ability to interpret risk, premium and claims datasets.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and organisational skills.
- Good communication with internal and external stakeholders.
- Ability to manage deadlines, proactive approach to data quality and improvements.
Qualifications & Experience:
- Experience in delegated authority, bordereaux management, insurance data analysis.
- Knowledge of Lloyd's and/or company market bordereaux practices including experience with systems such as Atlas, DCOM, IMR & Crystal.
- Educated to at least A-level standard.
- Relevant professional qualifications e.g. CII, LM1/LM2 preferable (or desire to work towards).
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
Bordereaux Analyst in London employer: Westfield Insurance
As a Bordereaux Analyst at our company, you will thrive in a dynamic and supportive work environment that prioritises employee growth and development. We offer comprehensive training programmes, competitive benefits, and a collaborative culture that encourages innovation and excellence. Located in the heart of the insurance market, you will have the unique opportunity to engage with industry leaders and contribute to meaningful projects that drive success.
StudySmarter Expert Advice🤫
We think this is how you could land Bordereaux Analyst in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work with bordereaux or in Lloyd's. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Show off your skills! When you get the chance to meet potential employers, whether at a networking event or an interview, be ready to discuss your Excel prowess and how you've tackled data validation challenges in the past.
✨Tip Number 3
Be proactive! If you see a company you're keen on, don’t wait for them to post a job. Reach out directly through our website, express your interest, and highlight how your experience aligns with their needs.
✨Tip Number 4
Prepare for interviews by brushing up on your knowledge of Lloyd's regulatory framework and bordereaux practices. Being able to discuss these topics confidently will set you apart from other candidates.
We think you need these skills to ace Bordereaux Analyst in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the Bordereaux Analyst role. Highlight your experience with bordereaux management and any relevant skills, like your Excel prowess. We want to see how you fit into our world!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Keep it engaging and personal – we love a bit of personality!
Showcase Your Analytical Skills:Since this role requires strong analytical abilities, make sure to include examples of how you've tackled data challenges in the past. We want to know how you approach problem-solving and ensure data quality.
Apply Through Our Website:Don't forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts!
How to prepare for a job interview at Westfield Insurance
✨Know Your Bordereaux Inside Out
Make sure you brush up on your knowledge of bordereaux types, especially premium, claims, and risk. Familiarity with Lloyd's regulatory framework is key, so be prepared to discuss how you've applied this in previous roles.
✨Excel Skills are a Must
Since strong Excel skills are crucial for this role, practice using pivot tables, lookups, and data cleaning techniques. You might even want to bring along a sample report you've created to showcase your abilities.
✨Show Off Your Analytical Skills
Be ready to demonstrate your analytical and problem-solving skills during the interview. Think of specific examples where you've identified anomalies or resolved data issues, as this will highlight your attention to detail.
✨Communication is Key
This role involves liaising with various stakeholders, so be prepared to discuss how you've effectively communicated with internal teams and external partners in the past. Share examples that show your proactive approach to collaboration and query resolution.
