General information
Reference
004033
Vacancy location
Location
United Kingdom, London, London
Work Place
Hybrid
Region
UK
Vacancy details
Job Profile
Lockton - Experienced Professional
Title
Reinsurance Client Service Advocate
Description
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 450 associates globally across 19 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 and Facultative portfolio, we are now looking to recruit a Reinsurance Client Service Advocate to join our expanding team.
Role Responsibilities:
This is a multi-disciplined end-to end Technical processing role within Lockton Re, incorporating Processing, Treaty, Excess of Loss, Claims and IBA functions.
Processing
- Multi-disciplined technical processing, incorporating;
Premium; Pro rata; Excess loss claims - reinsurance, binders and facultative reinsurance
- 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
- 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, binders and facultative reinsurance, 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
- Preparation and Reconciliation of Client statements and payment
- Daily allocation of cash received
- Daily monitor
Candidate Profile
Candidate Profile
- Successful applicants will ideally prior relevant reinsurance experience in a Client Services, Processing or Claims position and be able to evidence experience in the following role requirements:
- Competence in processing at least one of the following risk types with the interest to learn more and work towards a multi disciplined role– proportional, excess of loss premiums and claims
- Advantage for candidate who also have experience with IBA functions
- 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
Custom section 3
Scheduled
Full Time Permanent
