General information
Reference
Location
Middle East / North Africa Dubai Dubai
Work Place
Hybrid
Region
Middle East/North Africa
Job Profile
Lockton - Experienced Professional
Title
Life & Health Treaty Broker Administrator
Description
At Lockton were passionate about helping our people achieve their ultimate potential. Our people are curious action-oriented and always striving to make ourselves and those around us better. Were active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients giving back to our communities and being a part of our caring culture you belong here.
About the role
The Treaty Broker Administrator plays a key role in managing client accounts across various territories including providing support to the treaty/facultative broker in treaty/facultative placement processes ensuring smooth and efficient handling of all related documentation and communications. He/she will also ensure seamless coordination across all activities with Brokers Technical Finance Compliance and other operational functions.
Responsibilities:
- Maintain the teams new business enquiry tracker and cedant-driven traffic light tracker to provide performance insights to the line manager.
- Prepare monthly management reports including revenue reports (invoiced and accrued accounts) new and renewal business splits by territory and ceding company.
- Generate premium ageing reports liaise with the technical team to track debts and report legacy or flagged issues to the ageing debt committee.
- Maintain a real-time premium payment and quarterly statement tracker for accuracy and completeness.
- Prepare renewal slips in advance incorporating necessary data and ensuring adherence to renewal procedures.
- Draft finalize and issue treaty/facultative slips based on agreed terms and broker approvals ensuring timely dispatch to reinsurers.
- Collect signed slips from reinsurers and issue Evidence of Cover (EOC) emails to clients ensuring all documentation is accurate and complete.
- Verify participating reinsurers against the companys market security list and request broker action if required.
- Coordinate with the processing team and ensure timely invoicing addressing any queries from peer reviewers or processing teams.
- Prepare and verify checklists and premium worksheets for finalized treaties including for non-proportional treaties.
- Schedule meetings document minutes (internal technical and ageing debt) and manage follow-ups on pending tasks.
- Coordinate weekly team catch-ups reminding brokers of necessary actions and addressing pending tasks.
- Address Notice of Cancellation (NOC) advice and track rescissions to maintain coverage for clients in collaboration with finance and accounting teams.
- Resolve claims or reinsurer queries by coordinating with the claims department and obtaining necessary loss reports.
Identify and address technical or financial issues liaising with brokers clients and reinsurers as necessary. - Review signed slips identify and rectify discrepancies to maintain accuracy and prevent disputes.
Candidate Profile
- Bachelors degree with a minimum of 5-7 years of working experience in Treaty/facultative Reinsurance Life and Health preferably with extensive knowledge and exposure to international reinsurance and Lloyds market.
- Commitment to ongoing professional development staying abreast of industry trends and best practices through formal and informal learning opportunities.
- Expertise in Locktons desktop software and proficiency in Microsoft products (Word Excel Outlook) or similar software applications.
- Exceptional communication skills both verbal and written with the ability to effectively interact with clients insurers and colleagues at all levels.
- Time management and prioritization skills with a track record of meeting deadlines and delivering high-quality work.
- Advanced analytical and problem-solving abilities including research investigation and strategic decisionmaking.
- Comprehensive understanding of Insurance Authority of UAE guidelines for commercial and retail customers as well as Value Added Tax (VAT) regulations in UAE and international markets.
- Adherence to Lockton standards and procedures with a deep understanding of the broking process and cash collection procedures.
- Demonstrated proficiency in working with office equipment and a commitment to continuous improvement.
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About The Position
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966 our independence has allowed us to serve our clients take care of our people and give back to our communities. As such our 13100 Associates doing business in over 135 offices worldwide are empowered to do whats right every day.
At Lockton we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton we empower you to be true to yourself in all that you do. Your success is our success and we provide opportunities to help you grow and create a rewarding career path however you envision it.
- Competitive Salary and Benefits Package
- Professional experience in a truly global company that is reshaping the industry
- Excellent growth opportunities
- Benefit from a collaborative approach with in-country specialists to assist you in driving growth
- Support coaching and development to help you to be the best you can be
- Hybrid working model offering you flexibility and a great working environment
Custom section 3
Scheduled
Full Time Permanent
Required Experience:
Unclear Seniority
Key Skills Sales Experience,B2B Sales,Business Management,Pricing,Securities Law,Service-Oriented Architecture,Inside Sales,Market Research,Outside Sales,Telemarketing,WebSphere,negotiation
Employment Type : Full Time
Experience: years
Vacancy: 1