Junior Broker

7 days ago

Singapore LOCKTON COMPANIES (SINGAPORE) PRIVATE LIMITED Full time
Roles & Responsibilities

Job Description – Key Tasks and Responsibilities

  • Multi-disciplined technical administration and broking role, across our Reinsurance business classes and risk types, incorporating all stages of the broking lifecycle, from contract documentation preparation through to into our in-house billing system (E Global)
  • Broking of endorsements and simple placements
  • Delivery of invoice and advice documentation that is accurate, relevant, clear, transparent, and delivered in a timely manner as defined within the service level standards
  • Follow up with colleagues in the Broking Team to close off outstanding matters and underwriter subjectivities to meet timely documentation and billing.
  • Monitor, contribute towards resolutions within all tasks across the team, providing appropriate operational support in accordance with the agreed Lockton procedures, including but not limited to;
  • Processing of premiums and quarterly pro rata accounts
  • Monitor and action profit commissions, adjustments, reinstatements, letters of credit and all other tasks associated with a client’s portfolio
  • As appropriate, issue client documentation to the client alongside premium debit instructions
  • Ensure payments to and from clients are managed effectively, on time and accurately
  • Accurate revenue processing, monitoring and payment (Basic Credit Control)
  • Support market accounting activities
  • Monitor all aspects to ensure delivery of a superior provision of service
  • Sanctions checks and reporting with our internal Compliance Team (Lexis Nexis)
  • Maintain effective working relationships with all Associates (Singapore and Overseas) to ensure best broking practices are adhered to, for all client.
  • Work to ensure all activities undertaken on behalf of Lockton are compliant with internal standards and procedures and our regulatory obligations.
  • Priority resolution to issues and queries is essential
  • Ensure proficiency with all IT systems, specifically E Global as the core servicing platform

Qualifications

  • CGI Certification
  • Diploma in General Insurance by SCI or relevant qualification

Experience (Ideal but not mandatory, relevant experiences will be considered and favoured)

  • 2 years + client /internal stakeholder management experience in the relevant Class of Insurance
  • Fresh Graduates are welcome to apply

Core Competencies

  • Understanding of relevant insurance laws, the technical aspects of various insurance policies and the fundamentals and procedures of advising on (re)insurance industry
  • Ability to demonstrate Proficiency in utilizing E Global (Lockton’s In House Billing System) to conduct day to day business activities
  • Competent in understanding all risks types for proportional and excess of loss placements
  • Competent in understanding technical accounting.
  • Ability to build and maintain good business relationships with clients, insurers and associates
  • Ability to communicate effectively and professionally both verbally and in writing with clients, insurers and other Associates
  • Demonstrated ability to instill confidence with clients so that the client looks to you and to Lockton International Re as more than just a reinsurance broker, but as a partner in business
  • Ability to compile, analyse and interpret financial information and data to facilitate resolutions ahead of transactional processing

Generic Competencies

  • Proven problem-solving skills, including the ability to resolve unusual and complex issues and then devise actionable solutions
  • Ability to manage time, prioritise and ensure that deadlines are met without compromising quality
  • Presentation skills in both preparation and execution
  • Ability to use appropriate IT packages
  • Willingness and ability to continue to develop knowledge on a continual basis
  • Honesty and transparency in all things
  • A thorough understanding of and adherence to Lockton standards, procedures and guidelines in conjunction with our regulated environment

Tell employers what skills you have

Negotiation
Commodity
Communication
Brokerage
Reinsurance
Transparency
Service Level
Tailoring
Technical Accounting
General Insurance
Presentation Skills
Team Player
Stakeholder Management
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