The role involves managing the day-to-day insurance servicing of a diverse portfolio of regulated insurance and reinsurance clients.
Responsibilities:
- Responsible for the day-to-day insurance servicing of a diverse portfolio of clients.
- Working with the team to manage the affairs of regulated insurance and reinsurance companies.
- Understand the underwriting requirements of the clients and the contractual frameworks in which they operate.
- Processing insurance transactions within set parameters, liaising with third parties to ensure compliance and referring transactions to the Board where necessary.
- Managing specific client email inboxes where necessary.
- Preparing and/or reviewing insurance and reinsurance policy documentation, quotations and slips.
- Maintaining registers of (re)insurance documentation and client insurance programmes.
- Review and approval of premium and claims bordereaux.
- Assisting with claims determination and claims handling.
- Regular client contact and assistance with client management.
- Coordination of client Underwriting Committee and Board Meetings as required.
- Attending client Underwriting Committee and Board Meetings and assisting in the preparation of client reports and minutes.
- Advising on insurance developments and insurance market conditions.
- Assisting with ad hoc project work as requested from time to time.
- Develop working relationships with colleagues, clients, and regulators.
- Assistance with the preparation and review of regulatory returns.
- Assist the team with internal and external audit processes.
Required Skill/Abilities:
- Minimum of 2 years’ managerial experience in the insurance industry.
- Ideally, ACII qualified or working towards the qualification.
- Strong organisational and problem-solving skills.
- Self-motivated with the ability to work effectively as part of a team or on individually assigned tasks in a fast-paced environment where attention to detail, time management and prioritisation skills are essential.
- Excellent verbal and written communication skills.
Other Duties:
- Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Top Skills
What We Do
Strategic Risk Solutions is a leading independent insurance management firm with representation in all major onshore and offshore domiciles. It provides financial reporting, regulatory compliance and underwriting management services to existing and prospective captive insurance companies. SRS was ranked the 4th largest captive manager worldwide and the largest independent by Business Insurance at December 31, 2020.
For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS, we believe that isn’t good enough.
Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by:
--Delivering outstanding service;
--Strictly adhering to best-in-class internal controls and regular evaluations of these through Statement on Standards for Attestation Engagements No. 18 audits;
--Helping Clients succeed, particularly through our reputation for innovation; and
--Providing a depth of expertise by hiring the best in the business, keeping a laser focus on captives, as well as utilizing team structures and a "one firm" approach to servicing Clients.
This model has been validated by Client feedback from our annual Customer Survey and our success and longevity. Contact us to learn more.
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