Open Market Technician US Property
OPEN MARKET PROPERTY TECHNICIAN
Responsible for Open market technical support in the Worldwide Property Division on Insurance/Reinsurance, single slip/multi-layered programmes, including catastrophe exposed areas.
Work as part of the North American team servicing business from North America and elsewhere as required by the Division, into the London and International market always ensuring client needs are met.
Day to day client servicing from initial submission of risks to hand over to technical team for invoicing. Includes, inter alia:
Check client record is set up in the broking system, preparing approval forms where necessary
Prepare renewal presentations for broke to underwriters
Analyse the insured risk in conjunction with the Broker and/or Producer to assess the client requirements, including working on schematics as required by the placement.
Prepare Open Market Reform Contracts including endorsements and any adjustments, working in conjunction with internal and external stakeholders, ensuring conditions and terms of cover in response to client's needs.
Produce client documentation as required by departmental procedures, complying with internal service standards and FCA, ensuring Contract Certainty.
Diary subjectivities/premium payment warranties and conditions and liaise with client and Broker to ensure they are complied with
Prepare statistical analysis including loss runs where necessary
Provide guidance to less experienced members of the Open Market technical team.
Undertake any other responsibilities which may become necessary for the proper performance of the role
Your skills & knowledge:
Experience handling Worldwide open market business, in particular North American business
Knowledge of Total Objects
Proficient user of Microsoft Office programmes/Outlook and Internet Explorer
An understanding of regulatory and tax requirements in the territories concerned, using Crystal where appropriate
Can manage own workload and act independently
Strong communication skills (including written and verbal (both internally and externally
Use of Electronic Placement systems
Aptitude for mathematics
Understanding and affinity for relationship building
Ability to work collaboratively with others
MW Appointments is acting as an Employment Agency in relation to this vacancy.