Risk Capture Technician - Insurance

G MASS Consulting; Cheltenham; On-site; GBP 26,000 - 38,000; Full time

Benefits offered by this job

Initial 6-month contract

Potential extension

Job summary

G MASS Consulting is seeking experienced Risk Capture Technicians to support a Lloyd's third-party managing agent. You will review slips, extract policy information, and record it in the PAS.

Responsibilities include processing London Market underwriting data, calculating premiums and taxes, and addressing queries to ensure accuracy and SLA adherence. Reading slips and endorsements across all lines of business is essential, with strict attention to detail.

Qualifications

• Experience in risk capture, technical processing, or policy administration within Lloyd's/London Market.
• Ability to read and interpret slips and endorsements across all lines of business.
• Knowledge of standard market practice for processing risks and endorsements into a PAS system.
• Strong attention to detail and ability to work to contractual SLAs.

Responsibilities

• Review London Market underwriting data and documents.
• Analyse data and calculate technical transactions, including limits, premiums, and deductions.
• Manage internal and external queries to support data processing accuracy and efficiency.
• Apply taxes and deductions during risk/endorsement processing.
• Perform premium calculations, including pro-rating against policy periods.

Skills

London Market terminology

Read slips & endorsements

PAS system

Lloyd's/London Market experience

Attention to detail

Tools

Policy Administration System (PAS)

Job description

Role Overview

Our client, a Lloyd's third-party managing agent, is seeking experienced Risk Capture Technicians to support their Risk Capture as a Service function. This role involves reviewing insurance slips and supporting documents, extracting key policy information, and accurately recording it within the client's Policy Administration System (PAS).

Key Responsibilities

• Process London Market insurance underwriting data in line with applicable procedure guides
• Analyse technical data and calculate technical transactions, including limits, premiums, and deductions
• Manage internal and external queries to support the accuracy and efficiency of data processing
• Apply taxes and deductions accurately during risk/endorsement processing
• Perform premium calculations, including pro-rating against policy periods and calculating premiums from schedules

Key Performance Indicators

• Process insurance underwriting data on a timely and accurate basis, adhering to:
  • Benchmark standards
  • Accuracy targets
  • Contractual Service Level Agreements (SLAs) per client/service

Requirements

• Strong understanding of London Market insurance terminology
• Ability to read and interpret slips and endorsements across all lines of business
• Working knowledge of standard market practice for processing risks and endorsements into a PAS system
• Prior experience in a risk capture, technical processing, or policy administration role within the Lloyd's/London Market is essential
• Strong attention to detail and comfort working to contractual SLAs

Benefits

Length: Initial 6-month contract, with view to being extended