Reinsurance Processing Specialist
2 weeks ago
Job Purpose
To deliver exceptional service to our clients through the timely and accurate processing of reinsurance transactions. This will be achieved by close collaboration with colleagues across the Fulfilment function, ensuring that risks are handed over with sufficient information and queries are resolved in a timely fashion.
Main Responsibilities:
- Working collaboratively with Account Managers, Claims Technicians, IBA, and Technical Processing colleagues to deliver excellent client service.
- Processing reinsurance risks on our policy administration system.
- Reconciling accounts, processing premiums, and handling closings.
- Resolving bureaux and IBA queries across the business.
- Managing and undertaking assigned project work to time scales as directed.
- Maintaining up-to-date and orderly files.
- Utilizing in-house, Lloyd's, and Company market systems, including Open TWINS, Global XB, CLASS, LORS, and other Price Forbes Re computer systems.
- Learning to process complex reinsurance contracts to progress in your career.
- Developing junior colleagues, improving their technical capabilities, and enhancing the client experience.
Client Service:
- Prioritizing and processing work quickly and accurately.
- Escalating issues impacting client outcomes to colleagues across Price Forbes Re or the wider Ardonagh Specialty business.
Representing Price Forbes Re: Representing Price Forbes Re with clients, carriers, and other organizations in a professional manner, championing the Price Forbes Re name and core values.
Compliance: Complying with relevant legal, regulatory, and Price Forbes Re compliance requirements, Errors and Omissions (E&O) compliance procedures, and quality initiatives. Escalating any potential E&O's to Divisional Directors and the Legal & Compliance team at the earliest opportunity.
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