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Syndicate Analyst

Insight Recruitment Solutions
Job LocationLondon
EducationNot Mentioned
Salary£50,000 - £60,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypeContract, full-time

Job Description

My client a reinsurance company in the City have a brand new role which is initially for a 6 month fixed contract. You will support the Active Underwriters and provide essential syndicate support. You will manage agency services to the syndicate (including compliance, risk management, finance underwriting management and actuarial functions). Main Duties include:

  • Responsible for 2020 and onwards IRIS update
  • Matching signings that don’t automatically attach
  • Management of claims messages
  • Tracking EPI in IRIS vs SBF limits
  • Coordinate with Chord if premium tracking differently to expectations
  • Assisting with prior years IRIS update:
  • Coordinating with the team for updates on the EPI and premiums received
  • Reviewing the bordereau and premium tracking spreadsheet vs expectations - raising queries with brokers
  • Assisting with the review and monitoring of performance against agreed Syndicate Business Planning (SBF) including exposure management.
  • Reinsurance programme monitoring of loss aggregations to programme attachment points and coverage, reinsurance recovery monitoring
  • Coordinating the SBF process including ensuring forms, EM and narrative are completed as per agreed timetable
  • Assist with the monitoring against risk appetite and reporting of any breaches
  • Coordinating peer review sign offs required by the Active
  • File management - ensuring files up to date with documents including latest SBFs, QMB, PMD, ORSAs, PIP returns, UW control framework documentation etc.
  • Assisting with delivery of UC, RC and SB papers including action points
  • Coordinate deliverables with Lloyd’s timetable including PMD review, PUP updates, QMA/QMB data.
  • Coordinate responses and additional data required for capital providers or Reinsurers
  • Assisting with internal communications and ad hoc requests
    • Person Specification
  • Self-starter with strong syndicate support knowledge
  • Good understanding of reinsurance
  • Understanding of quota share reinsurance
  • Good communication skills
  • Excellent problem solving skills
  • Ability to work with a number of stakeholders
    • Required skills
  • Brokers
  • Reinsurance
  • Syndicate
  • Stakeholder Engagement

    • Keyskills :
    Brokers Reinsurance Syndicate Stakeholder Engagement

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