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Marine Insurance Technician
£40000.00 - £50000 per annum
Tower Hamlets, Greater London
MW Appointments
An opportunity to join a leading, independent Lloyd's Broker with offices around the globe. In this Marine Technician role you will be responsible for a diverse range of critical post-placement technical support functions which aid the placement and management of international marine accounts.
* Marine Technician
Role overview:
Document Production and Processing
* Timely and accurate production of debit/credit notes, security schedules, evidence of cover and endorsements (or equivalent documentation) which comply with Best Practice Manual and current market practice to satisfy client requirements.
* Produce evidence of insurance/certificates/Letters of Undertaking for third parties on clients' instructions, as necessary
* Reviews documents at key stages to ensure accuracy and completeness for subsequent processing.
Premium Processing
* Process original, additional/return premiums and any other associated transactions, as necessary
* Generates the correct market closing documentation and submits premium to the company market and bureau.
Credit Control
* Manage premium payment and pursue the receipts of funds from client to ensure settlement terms/PPWs are met or escalates problems to divisional management.
* Assist with reconciliation of unallocated cash as soon as practicable or escalates the problem to divisional management/accounts as appropriate.
File Management
* Maintains thorough and timely records of communication with insurers and with clients in accordance with internal procedures and informs clients and/or colleagues of any developments.
KEY SKILLS/ REQUIREMENTS:
* Marine experience with a broker, underwriter or bureau.
* Understanding of back-office , post-placement functions (Premium collection, DXC, IBA, Debit Notes) and how it is aligned to the Front end process.
What is on offer;
- Salary to £50,000 + benefits package
- Hybrid flexible working - City / Home
- CII Study support, if desired
REF: 9058
Interested? Please apply today and we will contact you by return.
MW Appointments has been recruiting in the Insurance market since 1992, so you will benefit from partnering with a market leader who possess in-depth technical understanding, comprehensive market in-sight, excellent market intelligence and well-established relationships with companies across the insurance sector.
MW Appointments is acting as an Employment Agency in relation to this vacancy.
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