Cashcalls:
- Acknowledging receipt of requests and ensuring back-up documentation adequate
- Preparing ad hoc cashcall letters and ensuring retentions and currency conversions are accurate
- Booking all items accurately on the AS400, including reversals of ROGIS duplicates
- Obtaining the requisite approvals for the cashcall
- Issuing the cashcall letter and documentation
- Monitoring the status of cashcalls and clearing bookings from the cashcall table
- Identifying receipts and ensuring they are forwarded on to the issuing offices promptly
- Clearing down balances from the receivable and payable ledgers
- Chasing uncollected cashcall balances
- Collation and filing of documentation from issuing offices for accounts requiring backup
- Any other similar duties within the department as assigned.
Cash allocation :
- Reviewing all anticipated cash receipts
- Being first point of contact with A&F for all cash receipt identification
- Advising A&F what to allocate cash against
- Investigating queries on cash transactions
- Reviewing uncleared balances on the cedant side of the ledger
- Obtaining approval for payments to issuing offices and reinsurers
- Running client reports both for audits and as and when required
- Assisting in chasing uncollected balances as needed
Loss documentation :
- Collation and filing of documentation from issuing offices for accounts requiring backup
Responsibilities
- Acting within an agreed claims handling authority and upholding the departmental objectives.
- Adhering to Lloyds Minimum Standards
- Receiving and acting upon first notifications and updates, determining coverage.
- Taking a fair and proportionate approach towards policy holders
- Agreeing valid claims
- Establishing and maintaining reserves
- Carrying out negotiations with brokers, face to face when required
- Handling claims electronically predominately via ECF and DocoSoft
- Managing third party experts Minimum of two (2) years experience in a similar administrative role.
- Some previous claims or captive experience would be advantageous.
- Knowledge of the reinsurance or insurance industry an asset.
- Must be a motivated individual, able to work on his/her own initiative, produce accurate work, and meet strict deadlines.
- Must be able to produce reports and documentation.
- Ability to communicate at all levels of the organization.
- Strong communication (both written and verbal) and interpersonal skills.
- A strong knowledge of Windows-based applications such as Word, Excel, Outlook.
- Previous experience with AS400 an advantage.