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Bordereaux Analyst

Bordereaux Analyst

Arc IT Recruitment

Posted 8 days ago, valid for 11 days

London, Greater London EC2V 7WS, England

£36,000 - £43,200 per annum

Full Time

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Sonic Summary

The position is for a Bordereaux Analyst with Marine experience in a London-based insurance organization, offering a competitive salary plus bonuses and benefits.
The role involves supporting the European underwriting team with written, premium, and claims bordereaux to ensure compliance with regulatory requirements.
Key responsibilities include producing accurate bordereaux reports, managing queries, maintaining management information, and ensuring adherence to Binding Authority Agreements.
Candidates should have knowledge of Marine Insurance, experience with Lloyds reporting standards, and strong proficiency in Microsoft Excel.
The job requires proven experience in producing bordereaux and managing reconciliations, with all salaries dependent on the level of experience.

Bordereaux Analyst, MarineLondon/Hybrid£competitive + bonus + benefits We are seeking a Bordereaux Analyst with Marine experience to join a thriving insurance organisation that operates in the London Market. You will be supporting the European underwriting team on written, premium and claims bordereaux, to ensure compliance with regulatory requirements, and fulfil reporting requirements. Role responsibilities

Facilitate the production of Written/Premium/Claims bordereaux, working with the business’s Marine product in a multi-currency environment to ensure reports are accurate and up to date when sent to Brokers/Carriers.
Monthly review of portfolio for Business Unit, highlighting issues/significant changes etc.
Proactively raise and manage queries through to resolution with both internal and external stakeholders.
Maintain and develop Monthly Management information Written/Claims/Premium/Aged Debtor by Business Unit.
Ensure all business written adhered to the terms of the Binding Authority Agreement, and work with the underwriting team to rectify any breaches.
Management of payments to carriers and other third parties on a monthly basis. Reconciliation of claims trust accounts.
Respond in a timely manner to External Audit requirements / requests

Knowledge and Experience

Knowledge of Marine Insurance would be beneficial
Proven experience in reporting in Lloyds minimum standards and technicalities bordereaux data.
Knowledge of LMTOM & Market business glossary.
Experience in producing Written, Premium & Claims bordereaux.
Well-practiced in reconciliations.
Ability to adhere to and manage strict SLAs.
Strong working knowledge of Microsoft Excel.
Confident and able to develop relationships through effective communication.

For a full consultation on this pivotal role, send your CV to ARC IT Recruitment. All salaries are dependent on experience.

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