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Processing Technician
Ref. JO0000006931

Position Processing Technician
Sector Broker Support Technical
Location City of London, City
Type Permanent
Salary £35K - £40K / Annum
Reference JO0000006931
Summary Technician

City of London

£40,000



About the Company:

An independent, international insurance and reinsurance Lloyd's broker with headquarters in London and offices worldwide. They are truly international, with expertise in all major insurance classes, employing nearly 600 people of more than 20 nationalities offering fluency in several languages.



About the Role:

Responsible for: producing and processing pre-inception and post-placement documentation, processing premium, credit control, file and record management.



Key Duties:

·Document Production and Processing

·Timely and accurate production of: Evidence of Covers/Market Reform Contracts, Addenda/Market Reform Contract Endorsements, Debit Notes/ Credit Notes and Endorsements (or equivalent documentation) which comply with BPM and current market practice to satisfy client requirements.

·Produces evidence of insurance/certificates/Letters of Undertaking for third parties on clients' instructions, as necessary.

·Reviews documents at key stages to ensure accuracy and completeness for subsequent processing.

·Process original, additional/return premiums and any other associated transactions, as necessary.

·Generates the correct market closing documentation and submits premium to the company market and the bureaux.

·Manage premium payment and pursue the receipt of funds from clients to ensure settlement terms/PPWs are met, prevent potential funding or escalates problems to divisional management.

·Reconciles unallocated cash or escalates the problem to divisional management/Finance as appropriate.

·Produce and analyse premium/brokerage/claims/renewal and other statistics as may be required by line manager.



Knowledge and Skills

·Market experience with a broker, underwriter or bureau as a Technician

·Preferred experience in a role that requires accuracy and attention to detail.

·Market and industry structure and operation, including regulatory awareness.

·Technical insurance

·Sector specific risks and insurance products/solutions.

·IT literacy in Word, Outlook and Excel (Basic).

·Client servicing.

·Money laundering/prevention of financial crime.

MW Appointments is acting as an Employment Agency in relation to this vacancy.
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