Insurance Technician

Nashrock Insurance Recruitment; City Of London; On-site; GBP 28,000 - 38,000; Full time

Job summary

Nashrock Insurance Recruitment is assisting a London Market broker to hire for a busy technical operations function. The role focuses on processing insurance business from placement through to settlement with emphasis on data integrity and timely transactions.

You will work with internal teams and market stakeholders to resolve technical issues, maintain accurate records and support bordereaux preparation and cash reconciliation.

Qualifications

• Minimum 2 years London Market technical processing experience, ideally for a Lloyd's Broker.
• Strong knowledge of MRC Slips, Endorsements and LPAN creation.
• Experience using Xchanging/Velonetic.
• Experience across various classes of business.
• Ability to work independently or as part of a team.

Responsibilities

• Process and maintain insurance risks and transactions to capture information within required timescales.
• Upload and process premium information through Bureau and London Market platforms.
• Collaborate with internal teams to resolve technical, data and transaction queries.
• Identify discrepancies and processing exceptions, driving them to resolution.
• Assist with allocation and reconciliation of unallocated cash for monthly targets.
• Prepare, check and validate bordereaux to meet carrier and data quality standards.
• Maintain accuracy, compliance and high data quality in all processing.
• Identify process improvements and contribute to systems development and automation.
• Keep London Market knowledge up to date through ongoing training.

Skills

London Market experience

Data integrity focus

Independent worker

Tools

MRC Slips

Endorsements

LPAN creation

Xchanging/Velonetic

Job description

Our client, is an independent Lloyd's Broker with a strong prescence in the London Market.

An excellent opportunity has now arisen for an London Market professional to join a busy technical operations function, supporting the accurate and timely processing of insurance business from placement through to settlement.

Working closely with internal teams and market stakeholders, the role will focus on maintaining high standards of data integrity, ensuring transactions are processed correctly and helping to resolve technical issues across the wider business.

Key Responsibilities

• Process and maintain insurance risks and associated transactions, working from MRCs, endorsements and relevant internal and market systems to ensure all information is accurately captured within required timescales.
• Manage the upload and processing of premium information through Bureau and other relevant London Market platforms, following established procedures and controls.
• Work collaboratively with internal business and servicing teams to investigate and resolve technical, data and transaction-related queries.
• Proactively identify discrepancies, incomplete information and processing exceptions, taking ownership of these through to resolution.
• Assist with the allocation and reconciliation of unallocated cash, helping to maintain accurate financial records and achieve monthly operational targets.
• Provide support with the preparation, checking and validation of bordereaux, ensuring submissions meet both carrier requirements and internal data quality standards.
• Maintain a strong focus on accuracy, compliance and data quality, ensuring processing is completed to a consistently high standard.
• Identify opportunities to improve existing processes and contribute to initiatives involving systems development, automation and technology enhancements.
• Keep technical knowledge and understanding of the London Market up to date, undertaking relevant training and development as required.

About You

• A minimum of 2 years + of London Market technical processing experience required, ideally for a Lloyd'a Broker
• Strong knolwedge of MRC Slips, Endorsements and LPAN creation
• Experience in using Xchanging/Velonetic
• Experience in various classes of business
• Ability to work independently or as part of a team