Consortia Operations Analyst

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Job Purpose:

Consortia Underwriting Operations Analyst’s primary responsibility is to deliver centralised operational support to underwriting teams by ensuring administrative tasks are completed efficiently, accurately and within defined timelines throughout the policy lifecycle.

Detailed Duties:

Risk and Exposure Data Capture

• Assist underwriting teams by uploading schedule of values or reviewing schedule of values already uploaded by underwriting teams. Ensure data is mapped and cleansed correctly in the SEND system. Liaise with underwriters regarding any validation issues and warnings.
• Risk data entry for all policies bound by underwriters in the SEND system. Data to be entered within the agreed SLAs.
• Risk data entry for all approved endorsements by underwriters in the SEND system. Data to be entered within the agreed SLAs.
• Quality control the teams risk data entry to ensure data entered in the SEND syis accurate.
• Ahead of full integration between SEND and Subscribe, process Electronic Front Sheet requests in Swordfish for bound policies and endorsements.
• Assist in reconciling the SEND and Subscribe policy admin systems.
• Annually create the consortia 

Data Ingestion

• Daily upload of premium and claims transaction reports into Send. Ensure data is mapped correctly and resolve any mapping issues before committing the transactions into SEND. 

Premium Allocations

• Allocating premium receipts uploaded into SEND via the premium transaction report. 
• If utilising SEND’s auto allocation process, review premium transaction unallocated by SEND and try to reconcile. 
• For unallocated cash, liaise with underwriting teams and/or brokers to identify premium received and allocate accordingly. 

Bordereaux Production

• At the end of the month/quarter ensure consortia bordereaux are produced and circulated to underwriting teams in a timely manner, resolve any queries raised by underwriters and circulate bordereaux to brokers within the terms of the consortia agreement.

Other

• Assisting with operations projects including implementing new functionality within SEND and other ad hoc work.
• Assisting the Director of Underwriting performance and Operations with any reporting and/or other responsibilities as required.

Experience:

• Previous experience of risk data entry in an insurance company is preferable.

Skills/Attributes:

• Ability to work independently and in a team.
• Attention to detail and the ability to work to deadlines.
• Identifying and resolving data discrepancies before entry into system(s).
• Excellent written and verbal communication skills.

Please be aware that Ascot Group’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.

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