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Binding Operations Analyst

  • Location: City of London
  • Salary: £45,000 - £60,000 per year
  • Job Type:Permanent

Posted about 1 month ago

  • Sector: Finance & Audit
  • Contact: Gemma Cardew
  • Contact Email: gcardew@merje.com
  • Contact Phone: 0161 883 2816
  • Expiry Date: 27 February 2024
  • Job Ref: GC/11333

MERJE are partnered with a London based Specialty (Re)Insurer. Having experienced exceptional levels of growth they continue on a significant growth trajectory and are looking for talented Analysts to join their Technical Operations Team.

Based full time out of beautiful modern offices in the heart of the city you will be generously remunerated depending upon experience (£45-60,000) and will also receive an exceptional wider package that includes:

  • Pension @ 12% (no employee contribution required)

  • Bonus up to 30% (20% on target)

  • Heath benefit £800 annually

  • plus much, much more

As a Binding Operations Analyst you will be responsible for:

 

Binding and Endorsement Processing

Ensure, maintain and be responsible for the entry and accuracy of data within the underwriting system of record from the underwriting slips and endorsements for inwards business across multiple Lines of Business.

Forge strong working relationships with key stakeholders and take ownership for managing relationships with specific underwriting teams.

Support the team initiative of improving the Binding and Endorsement Operational function by reviewing existing processes and creating efficiencies.

Manage and resolve Binding and Endorsement Queries promptly and accurately using the Query management tool and regular face-to-face communication with Underwriters and Underwriting teams and email and TEAMS communication with the outsourced processing teams.

Provide technical support and training to outsourced service providers and become one of the SMEs for Fidelis MGU Binding and Endorsement Team.

 

Earnings

Liaise with the Actuarial team to ensure that all custom earning patterns are updated in the system of record by each month close.

 

Data Quality

Gain a high level of understanding of each Line of Business and their processes by attending learning sessions and communicating with the underwriters and underwriting assistants.

Work closely with outsourced providers to ensure that Data quality and performance targets are met and issues are identified and addressed

Ensure that all identified data quality errors are corrected by the following day, after they are discovered and define and implement corrective actions to prevent errors recurring.

 

Performance Monitoring & Reporting

Ensure full understanding of month end procedures and that all deadlines are completed in a timely manner.

Review and respond to complex queries received from internal and external stakeholders in a timely and manner.

Participate in key meetings and lead where required.

Take ownership of relevant responsibilities ensuring that all the SLA's are met on time with no exceptions.

Apply now for immediate consideration.

 

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