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 role with potential for growth in a fast-paced environment.
- Why this job: Be part of a dynamic team that drives data quality and compliance in the insurance sector.
- Qualifications: Experience in bordereaux management and strong analytical skills required.
The predicted salary is between 35000 - 45000 £ 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 (FTC) in London employer: Westfield Insurance
As an Underwriting Assistant in Reinsurance, you will thrive in a dynamic and supportive environment that prioritises employee development and growth. Our company fosters a collaborative work culture where you can build meaningful relationships with brokers and clients while receiving comprehensive training to enhance your underwriting skills. Located in a vibrant area, we offer competitive benefits and a commitment to compliance and excellence, making us an exceptional employer for those seeking a rewarding career in the insurance industry.
