An excellent opportunity to join a growing insurance business in London to support the management of bordereaux across the company and their MGA cells. The role will cover the following areas:
*Bordereaux Review
*Bordereaux Queries
*Binder Data Processing
*Reporting & Audits
Key responsibilities will include:
*Reviewing Written, Paid and Claims Bordereaux information from the system on a monthly basis
*Monitoring and reviewing all errors identified using exception reporting tools and ensuring correct resolution actions are implemented
*Resolving bordereaux-related queries from MGA and Carriers
*Developing a strong understanding of bordereaux structures, data fields, and carrier-specific requirements
*Submitting relevant bordereaux to the Binder Bordereaux System
*Creating and maintaining premium mapping templates for new or existing binders/sections
*Resolving validation errors and escalating issues to Underwriters, Coverholders, or the Delegated Underwriting team
*Supporting reporting requirements and ensuring bordereaux submissions meet governance and carrier expectations
*Preparing cash collection statements for Bureau related transactions
*Assisting with internal and external audit reviews as required in relation to bordereaux and binder data
Experience and skills required:
*Experience in insurance operations or delegated authority/bordereaux management
*Knowledge of Risk, Premium, and Claims Bordereaux, including Lloyd’s V5.2 standards is desirable
*Understanding of Delegated Authority structures and London Insurance Market operations
*Proficiency in Microsoft Word, Excel, Outlook, and Adobe Standard
*Strong attention to detail, analytical skills, and ability to resolve data errors
*Good communication and stakeholder management skills
*Self-motivated and able to work independently or as part of a team
*Our client is committed to diversity in all of its forms and operates an inclusive recruitment process*