Proportional Treaty Technician

5 months ago

London, United Kingdom Lockton Companies Full time

Lockton Re helps businesses understand, mitigate, and capitalize on risk. We’re pushing the reinsurance industry forward with smarter solutions that leverage new technologies – delivered by people empowered to do what’s right for clients. Our success has seen the business grow to a headcount of more than associates globally across 17 locations.

 

We’re the reinsurance business of Lockton Companies, the world's largest privately-held insurance broker. Fierce independence frees us to deliver an exceptional client service experience, unencumbered by pressure from financial markets, geographical divides or silos, or conflicts of interest between organisational goals and our clients’ needs.

 

We are now seeking individuals who will thrive in this type of atmosphere and, in line with the expanding Treaty portfolio, we are now looking to recruit a Reinsurance Client Service Technician to join our expanding team.

 

Role Responsibilities:

This is a multi-disciplined technical processing role within Lockton Re, incorporating Broker Support, processing of Proportional and Non-Proportional accounts, Excess of Loss and Claims

 

Processing

  • Multi-disciplined technical processing, incorporating - Premium; Pro rata; Excess loss claims
  • Experience covering all classes of business,
  • Converse with clients and carriers on a technical level
  • Candidates need to be able to work independently, managing priorities and supporting team colleagues to ensure customer satisfaction
  • Excellent technical knowledge of the Lloyd’s and or Company Reinsurance market
  • Actively builds relationships with team, internal and external clients
  • Identify client’s individual requirements and work alongside them to achieve the best possible outcomes
  • Participate in client and reinsurer meetings as required

 

Broker Support

  • Debroke
  • Risk sign down
  • Prepare and maintain account statistics
  • Provide support in the overall servicing of the client’s account and retention of business
  • Use Electronic methods throughout full process 

 

Excess of Loss Claims

  • Negotiate claims from initial notice, through to the settlement and closure of claims.
  • Experience to cover complex claims covering all classes of business including XOL reinsurance and binders, reinsurer audit and direct including underwriter rep.
  • Negotiate claims matters i.e. XPL, ex-gratia, and non-standard presentations.
  • Letter of Credit, a high level understanding and the ability to complete adjustments pro-actively and in the time frames required to avoid client penalty.

Successful applicants will ideally have some previous relevant experience in line with the following role requirements:

  • Competent in processing all risks types, proportional, excess of loss premiums and claims
  • Advantage for candidate who have experience of Salesforce and Open TWINS
  • Reinsurance Claims experience and understanding is a must have
  • Experience with dealing with large corporate clients would be advantageous
  • Ability to build and maintain good business relationships with clients, Insurers and Associates.
  • Ability to communicate effectively and professionally both verbally and in writing with clients, insurers and other associates.
  • Ability to manage time, prioritise and ensure that deadlines are met without compromising quality.
  • Proven problem solving skills, including the ability to resolve unusual and complex issues and then devise actionable solutions.
  • A thorough understanding of and adherence to Lockton standards and procedures.
  • Demonstrated understanding of management concepts, systems and quality assurance.
  • Essential in-depth knowledge of IMR, CLASS, ECF, LORS
  • Knowledge of Microsoft products (Word, Excel, Outlook, PowerPoint) or similar software applications

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