Bordereaux Analyst in London

Bordereaux Analyst in London

London Full-Time 36000 - 60000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Manage and analyse bordereaux data, ensuring compliance and quality.
  • Company: Join Westfield, a leader in property and casualty insurance since 1848.
  • Benefits: Competitive salary, professional development, and a supportive work environment.
  • Why this job: Make an impact in the insurance industry with innovative solutions and data analysis.
  • Qualifications: Experience in bordereaux management and strong Excel skills required.
  • Other info: Dynamic team atmosphere with opportunities for growth and learning.

The predicted salary is between 36000 - 60000 Β£ per year.

About Us Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd's of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.

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 Specialty

Westfield is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation in the property and casualty insurance sector. With a strong commitment to employee growth, Westfield provides comprehensive training and development opportunities, ensuring that team members can advance their careers while contributing to meaningful projects. Located in a vibrant area, employees enjoy a supportive culture that values diversity and encourages a healthy work-life balance.
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Contact Detail:

Westfield Specialty Recruiting Team

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 at Westfield or similar companies. A friendly chat can sometimes lead to job opportunities that aren't even advertised.

✨Tip Number 2

Prepare for interviews by practising common questions related to bordereaux management and data analysis. We recommend using the STAR method to structure your answers – it helps you showcase your skills effectively!

✨Tip Number 3

Show off your Excel skills! Since strong Excel abilities are crucial for this role, consider creating a portfolio of projects or examples where you've used pivot tables and data cleaning techniques. It’ll impress interviewers!

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect with us directly.

We think you need these skills to ace Bordereaux Analyst in London

Bordereaux Management
Data Quality Assurance
Regulatory Compliance
Data Cleansing
Data Mapping
Data Upload
Anomaly Investigation
Stakeholder Collaboration
Excel Skills
Data Integration Tools
Bordereau Format Understanding
Analytical Skills
Problem-Solving Skills
Attention to Detail
Organisational Skills

Some tips for your application 🫑

Tailor Your CV: Make sure your CV is tailored 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 the insurance industry and how your background aligns with our needs. Let us know what excites you about working at Westfield.

Showcase Your Analytical Skills: Since this role requires strong analytical abilities, be sure to mention specific examples where you've used these skills in past roles. We love seeing how you've tackled data challenges and improved processes!

Apply Through Our Website: Don't forget to apply 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 to do!

How to prepare for a job interview at Westfield Specialty

✨Know Your Bordereaux Inside Out

Make sure you brush up on your knowledge of bordereaux types, especially premium, claims, and risk. Be ready to discuss how you've managed these in previous roles, as well as any specific challenges you've faced and how you overcame them.

✨Excel Skills are Key

Since strong Excel skills are a must for this role, practice using pivot tables, lookups, and data cleaning techniques. You might even want to prepare a few examples of how you've used these skills in past jobs to demonstrate your proficiency.

✨Understand the Regulatory Framework

Familiarise yourself with Lloyd's regulatory framework and underwriting processes. Being able to speak confidently about compliance and reporting standards will show that you’re not just knowledgeable but also serious about adhering to industry regulations.

✨Communicate Effectively

Prepare to discuss how you've collaborated with various stakeholders in the past. Good communication is crucial, so think of examples where you successfully liaised with coverholders, brokers, or internal teams to resolve issues or improve processes.

Bordereaux Analyst in London
Westfield Specialty
Location: London

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