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Lockton

Junior Broker

Early Applicant
  • Posted a month ago
  • Be among the first 10 applicants

Job Description

Job Description Key Tasks and Responsibilities

  • Multi-disciplined technical administration and broking role, across our Reinsurance business classes and risk types, incorporating all stages of the broking lifecycle, from contract documentation preparation through to into our in-house billing system (E Global)
  • Broking of endorsements and simple placements
  • Delivery of invoice and advice documentation that is accurate, relevant, clear, transparent, and delivered in a timely manner as defined within the service level standards
  • Follow up with colleagues in the Broking Team to close off outstanding matters and underwriter subjectivities to meet timely documentation and billing.
  • Monitor, contribute towards resolutions within all tasks across the team, providing appropriate operational support in accordance with the agreed Lockton procedures, including but not limited to;
  • Processing of premiums and quarterly pro rata accounts
  • Monitor and action profit commissions, adjustments, reinstatements, letters of credit and all other tasks associated with a client's portfolio
  • As appropriate, issue client documentation to the client alongside premium debit instructions
  • Ensure payments to and from clients are managed effectively, on time and accurately
  • Accurate revenue processing, monitoring and payment (Basic Credit Control)
  • Support market accounting activities
  • Monitor all aspects to ensure delivery of a superior provision of service
  • Sanctions checks and reporting with our internal Compliance Team (Lexis Nexis)
  • Maintain effective working relationships with all Associates (Singapore and Overseas) to ensure best broking practices are adhered to, for all client.
  • Work to ensure all activities undertaken on behalf of Lockton are compliant with internal standards and procedures and our regulatory obligations.
  • Priority resolution to issues and queries is essential
  • Ensure proficiency with all IT systems, specifically E Global as the core servicing platform

Qualifications

  • CGI Certification
  • Diploma in General Insurance by SCI or relevant qualification

Experience (Ideal but not mandatory, relevant experiences will be considered and favoured)

  • 5 years + client /internal stakeholder management experience in the relevant Class of Insurance

Core Competencies

  • Understanding of relevant insurance laws, the technical aspects of various insurance policies and the fundamentals and procedures of advising on (re)insurance industry
  • Ability to demonstrate Proficiency in utilizing E Global (Lockton's In House Billing System) to conduct day to day business activities
  • Competent in understanding all risks types for proportional and excess of loss placements
  • Competent in understanding technical accounting.
  • 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
  • Demonstrated ability to instill confidence with clients so that the client looks to you and to Lockton International Re as more than just a reinsurance broker, but as a partner in business
  • Ability to compile, analyse and interpret financial information and data to facilitate resolutions ahead of transactional processing

Generic Competencies

  • Proven problem-solving skills, including the ability to resolve unusual and complex issues and then devise actionable solutions
  • Ability to manage time, prioritise and ensure that deadlines are met without compromising quality
  • Presentation skills in both preparation and execution
  • Ability to use appropriate IT packages
  • Willingness and ability to continue to develop knowledge on a continual basis
  • Honesty and transparency in all things
  • A thorough understanding of and adherence to Lockton standards, procedures and guidelines in conjunction with our regulated environment

More Info

Industry:Other

Function:Reinsurance

Job Type:Permanent Job

Skills Required

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Date Posted: 19/12/2024

Job ID: 103427317

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