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RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims.Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
POSITION SUMMARY:
Reporting to the AVP, Delegated Underwriting Manager, the Junior Delegated Underwriting Assistant’s responsibilities include assistance with delegated underwriting compliance to meet Lloyd’s principles, ensuring information is correctly and accurately recorded in the Binder Management and Coverholder approval tools, monitoring any exceptions, as well as any ad hoc tasks or projects where required.
PRINCIPAL ACCOUNTABILITIES:
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Support the work of the AVP, Delegated Underwriting Manager in controlling and monitoring the syndicate’s delegated underwriting business, ensuring adherence to Lloyd’s Underwriting Management Standards.
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Review, analyse and process Binder information in Delegated Data Manager.
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Review, analyse and process Binder registrations in Delegated Contract Oversight Manager.
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Liaise with Brokers, Underwriters, and Operations to ensure that Delegated account information is current, accurate and complete within the Binder Management and Coverholder approval tool.
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Review of risk and premium data assessing the current credit control position, raising any outcome with underwriters, brokers and coverholders.
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Development, implementation and documentation of processes and controls for efficient handling of the Delegated Authority accounts.
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Complete pre bind quality assurance (PBQA) and other contract wording reviews.
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Maintenance and testing of delegated underwriting processes and systems.
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Responsible for ensuring the RSM Standard of Service is communicated to third parties.
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During busy periods supporting onboarding and ongoing monitoring of Coverholders ensuring their compliance with reporting requirements, following up on any areas of non-compliance with underwriters and coverholders and reporting on any findings.
SKILLS/KNOWLEDGE/EXPERIENCE NECESSARY:
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Strong computer skills (Excel, Word, WaterTrace).
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Strong organizational skills with the ability to handle a variety of duties in a timely and accurate manner.
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Strong problem-solving skills and ability to analyse and process complex accounts and transactions.
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Strong communication skills.
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Lloyds/ London Market Knowledge Essential.
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Manages expectations effectively and adapts to changing needs, concerns, and priorities of internal and external clients/stakeholders.
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Clearly and concisely presents information in group settings adapting messages to the needs of the audience and effectively responds to Q&A.
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Prioritises responsibilities, makes effective use of time, and remains flexible to changing work needs/demands.
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Remains open to new thinking and ideas, and views situations from multiple perspectives.
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Applies strong technical skills to achieve results.
Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.
