The main purpose of this role is to administrate reinsurance recovery activities for Chaucer Lloyd’s Syndicate 1084 and Chaucer Insurance Company DAC, as well as other related tasks within the wider outwards reinsurance function.
Job Description
*Reinsurance recoveries for excess of loss, proportional and facultative accounts
*Calculate, issue and monitor reinsurance collection notes as per contract terms and conditions
*Premium Adjustments, Profit Commission & NCB calculations
*Manage collection and payment of recoveries and premium, and manage Aged Debt
*Compliance with month/quarter end close deadline requirements
*Produce Risk and Claim bordereaux to support reinsurance accounts
*Produce renewal presentation information
*Respond to Broker/Reinsurers queries in a timely manner
*Cover note administration, including the recording of reinsurance information into in-house systems
*Review of tasks completed by our Outsourcing Partner
*Production of management information
*Other duties as assigned
Regulatory Responsibilities
Manage the relationships with Customers, Agents and Service Providers:
*Foster positive relationships with Customers and attain an understanding of their needs
*Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.
*Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
*Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.