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.
StudySmarter Expert Advice🤫
We think this is how you could land Bordereaux Analyst (FTC) in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Westfield Insurance.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Westfield Insurance might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Bordereaux Analyst (FTC) in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Westfield Insurance will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Westfield Insurance. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Westfield Insurance confidence in your short-term commitment to the role.
How to prepare for a job interview at Westfield Insurance
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Westfield Insurance.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Westfield Insurance that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
