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Career Experts
Process Expert / Functional Expert - Uk Reinsurance
Career Experts · posted 8 months ago
Punereinsurance
About the role
Reinsurance Endorsement Analyst/Process Expert/Functional Expert
Role Summary
Process all endorsement types (e.g., general changes, additions/deletions, cancellations, premium adjustments, PPW extensions, rate/material changes). Ensure accuracy, binder compliance, and timely closure— expected TAT typically 24 hours .
Key Responsibilities
- Classify endorsement type (addition, deletion, refund, cancellation, PPW extension, rate change) and validate supporting documents.
- Verify consistency of risk details, limits, period, premium and conditions with original placement.
- Update endorsement details in trackers/workflow tools and broker/reinsurer templates accurately.
- Generate/coordinate closing documents (Debit/Credit Notes) per process standards.
- Liaise with brokers/underwriters for missing details/approvals; manage queries to closure.
- Meet TAT expectations; maintain high accuracy and compliance with binder rules.
- Work with Submission/Claims teams were endorsements impact renewals, BDX , PPW deadlines.
- Support UAT, training, and SOP documentation for new endorsement types.
Must‑Have Skills
- Hands‑on RI endorsement experience across varied change types.
- Strong understanding of MRCs/Slips , coverage structures, pricing impact, binder rules.
- Ability to handle multi‑broker queues with high accuracy.
- Clear, professional client/broker communication.
- Comfort interpreting reinsurer instructions and ensuring compliance.
JD – Reinsurance Submission Analyst/Process Expert/Functional Expert
Role Summary
Own the end‑to‑end handling of RI new & renewal submissions including triage, validation, data capture, slip/MRC understanding, broker coordination and workflow completion. Drive high accuracy, SLA adherence, and proactively manage volumes/backlog.
Key Responsibilities
- Review incoming submission emails ; validate completeness and follow up for missing information.
- Read and interpret Reinsurance Slips/MRC , binders, schedules, limits, premium structure, and special terms.
- Capture submission data accurately in workflow/trackers (risk location, TSI, PML, premium, coverage type, reinsurer, subjectivities).
- Categorize transactions correctly (new, renewal, decline) and maintain zero backlog.
- Coordinate with brokers/underwriters for clarifications, quote follow‑ups and pending information.
- Support QA reviews, fix returns; uphold SLA‑based turnaround.
- Collaborate with adjacent teams (Claims/Endorsements/BDX) on downstream dependencies.
- Maintain audit readiness, compliance, and data hygiene.
Must‑Have Skills
- Demonstrable RI submission experience (Fac/Treaty) within Lloyd’s/London market workflows.
- Slip/MRC reading capability; renewal comparison; binder workings.
- Strong analytical/documentation skills; confident broker/underwriter communication.
- High‑volume mailbox management; multi‑broker queue handling.
- Familiarity with QA parameters , SLA adherence, and governance discipline.