Proportional Treaty Technicians

Lockton

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profile Job Location:

London - UK

profile Monthly Salary: Not Disclosed
Posted on: Yesterday
Vacancies: 1 Vacancy

Job Summary

General information

Reference

003907

Location

United Kingdom London London

Work Place

Hybrid

Region

UK

Job Profile

Lockton - Experienced Professional

Title

Proportional Treaty Technicians

Description

Processing

  • Multi-disciplined technical processing incorporating
    • Premium
    • Pro rata
    • Excess of 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 Lloyds and or Company Reinsurance market
  • Actively builds relationships with team internal and external clients
  • Identify clients individual requirements and work alongside them to achieve the best possible outcomes
  • Participate in client and reinsurer meetings as required

Broker Support

  • Risk sign down
  • Prepare and maintain account statistics
  • Provide support in the overall servicing of the clients 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.

IBA

  • Monthly review of Aged Debt reports chasing for due items and arranging settlement of held balances and monitoring of held balances and funding.
  • Preparation and Reconciliation of Client statements and payment
  • Daily allocation and monitoring of cash received

Candidate Profile

Successful applicants will ideally have prior relevant reinsurance experience in a Client Services position and be able to evidence experience in 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
  • Previous IBA experience is advantageous
  • 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.
  • 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

About The Position

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


Required Experience:

IC

General information Reference 003907 LocationUnited Kingdom London LondonWork PlaceHybridRegionUKJob ProfileLockton - Experienced ProfessionalTitle Proportional Treaty TechniciansDescriptionProce...
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The quality of your solicitors professional indemnity insurance underpins your integrity and reputation among your clients. As a regulatory requirement, it is critical that your cover performs effectively for you and your practice. Our dedicated and knowledgeable team is committed to ... View more

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