This role plays a key part in the Techincal Operations Team, you will be tasked with ensuring that all premiums are reviewed, chased and recorded in an accurate and timely manner.
Duties and Responsabilties:
Bordereaux management
Review and resolve all errors and exceptions identified by the Bordereau Management Tool.
Manage all final adjustments and account closing advices checking against premium instalments - with any discrepancies to be brought to the Underwriters’ attention or directly liaising with the broker as appropriate.
Reconcile and match Xchanging entries to policy and premium entries booked.
Supporting wider credit control function as required.
Premium Review and Updates:
To make sure all premium adjustments are recieved and follow up with broker for overdue adjustments
All of the unaccounted premiums should be reviewed and resolved on a monhtly basis before each month close
You will be tasked with ensuring that all quota share premiums statements are recieved on time and chase broker for any missing submissions.
IPT returns:
Finish the data quality checks to make sure that the correct IPT rates are being included as well as a breakdwon or detailed data is supplied where required
Responsible for the preparation of the IPT returns which are submitted to the Fiscal Representatives.
Ensure that all the checklist items are reviewed and monitored and that the requires levels of data are stored to ensure that audit trails are maintained.
Resolve any queries received from the Regulatory Reporting Team or the Fiscal Representatives in a timely manner.
Minimum Qualifications Skills and experience
A minimun of 3 years experience in an operations based team with a focus on premium management
A practical understanding of Underwriting and policy administration systems;
Basic competency in MS Office applications: Word and Adobe Standard required
Advanced Outlook and Excel skills
Demonstrated ability to master new concepts quickly, and take initiative with own personal development