Bordereaux Analyst

Delegated Authority Bordereaux Analyst - Casualty Insurance / Reinsurance, Specialty Insurance, Delegated Authority Business, Binder Management, Bordereaux Analysis and Reporting, MS Excel, PowerBI, Stakeholder Engagement (Underwriters, Brokers, MGAs, Coverholders. Permanent, London/Remote (Hybrid). £45k - £55k +Bonus +Benefits
Delegated Authority Bordereaux Analyst sought by global Reinsurance company operating primarily within the Casualty & Specialty lines.
You will undertake underwriting focussed operational support work relating to delegated authority business which will involve liaison with brokers, MGAs, coverholders as well as the underwriters within the business to support the binder arrangements and facilitate business. You will review all slips prior to contract arrangement, setup exceptions, monitor endorsements within the appropriate system(s) and ultimately have responsibility for overseeing the operational side of the Casualty book, within a small team arranging mid-term adjustments (MTA), quotations and renewals etc.
Secondly, the Delegated Authority Bordereaux Analyst will manage the Bordereaux reporting aspect of the business by analysing all data compiled on the monthly Bordereau from each of the coverholder lines and reconcile this against the agreements relating to either the assets covered or the actual claims paid. You will utilise this data to manage the relationships with the underwriters/brokers as well as provide insight and analysis relating to ongoing business through the management of data within MS Excel and (potentially) PowerBI generating relevant reports for stakeholders as required which may cover areas such as Estimated Premium Income (EPI) or Gross Premium Commissions (GPC).
This is essentially a varied role which has a strong data-led element combined with an operational, business facing engagement aspect and requires someone who is comfortable in both capacities. As such we are searching for a Delegated Authority Bordereaux Analyst / Underwriting Assistant / Underwriting Technician / Assistant Underwriter / Delegated Authority Reporting Analyst. You will be comfortable liaising with both broker and underwriters, have a strong understanding of binder arrangements and the delegated authority process. You will be familiar with slips (pre-contract agreements), Bordereaux analysis and reporting and be confident in your use (at intermediate level at least) with MS Excel, with an ability to write Excel statements. You may have some experience in PowerBI but this is non-essential. You will be a self-sufficient individual who possesses excellent communication skills and enjoys engaging with business stakeholders.
You may have been working in either an Insurance Underwriters, Reinsurance Company most recently or have a background in Financial Services. We are open to experience in terms of business lines but any exposure to Casualty risk would be highly beneficial. You will however have worked with and understand the delegated authority business model and the binder agreements which underpin the arrangements as well as extensive, hands-on, Bordereau reporting experience.
Exceptional opportunity to join and well-respected, global reinsurance firm with a view to a career within operational and analysis capacities, as opposed to Brokerage. City of London location with hybrid working - Mondays and Thursdays are mandatory days. Excellent benefits and career progression opportunity. Please note that 1st stage interviews will be undertaken face-to-face with subsequent interviews completed via MS Teams.