Job Summary
The Delegated Authority Function at IGI is responsible for the management of Delegated Authorities, Line Slips, TPA’s and other First Line of Defense Risk Management Activity. Due to business growth and the implementation of the SEND BDX management software, the team is
being created to own the end to end BDX processing and management activity, supporting the wider DA function and IGI group. The team works closely with the wider DA team, Underwriters, Underwriting Operations, Exposure Management, MI, Finance, Claims, Risk, Compliance and Actuarial, as well as externally with Cover holders, Brokers and other entities.
It is an exciting time for both IGI and the delegated authority business which presents plenty of opportunity for self-development and progression within the roles advertised.Job Description
Duties and Responsibilities
- To record new Delegated Authority and Lineslip contracts on SEND in an efficient and accurate manner
- To accurately record contract and contract section level detail in the SEND system
- Checking the DA live tracker on a monthly basis to ensure all contracts are set up, including renewals ready to process incoming Bordereaux
- To liaise with all internal departments including UW operations, claims, compliance, finance, MI team in respect of exceptions, in the process ensuring smooth processing at all times supporting delegated authority business
- Process and validate all bordereaux received by IGI through the system
- Handle exceptions identified by the system through validation rules, which will include validating against delegated underwriting and claims authority and raising queries with Underwriters, Claims Adjusters, Underwriting Operations and externally with Coverholders and Brokers
- Supporting the management of delegated authority and Lineslip bordereaux through bordereaux tracking reports, chasing the relevant teams/departments/external parties for overdue bordereaux
- Undertake additional ad hoc processing activity which may not specifically be through SEND
- To carry out any additional duties set by the senior/supervisor/manager as and when requested.
Job Specification
- Bachelor's degree in Business Administration or Risk Management or related field
- Experience requires: 0-2
- Training Required: A full group training program will be provided on policies, processes and procedures for the role responsibilities
- Languages: Good spoken and written English
- Key Competencies: Data entry and data analysis skills Good organizational skills Basic understanding of mathematics and accounting General computer literacy (advanced excel knowledge beneficial) Good attention to detail Problem solving skills in respect of data Ability to manage priorities, meet KPI’s and work to deadlines
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What We Do
Specialist commercial insurer and reinsurer, underwriting a diversified portfolio of specialty lines.
Since our inception in 2001, IGI has been committed to providing specialty lines insurance and reinsurance solutions to our clients’ complex risks. Our reputation is based on focused underwriting expertise, flexibility in responding to customer needs, and ensuring efficient and responsive claims handling, all underpinned by stable management and a strong balance sheet.
Domiciled in Bermuda as a limited liability company, with offices in London, Amman, Bermuda, Malta, Oslo, Dubai, Casablanca and Kuala Lumpur, IGI is listed on Nasdaq Capital Markets under the symbol “IGIC”.
We write a worldwide portfolio of Energy, Property, General Aviation, Construction & Engineering, Ports & Terminals, Marine Cargo, Political Violence, Financial Institutions, General Third-Party Liability (Casualty), Legal Expenses, Professional Indemnity, D&O, Surety, Marine Trades, Marine Liability, Contingency, and Reinsurance Treaty Business.
Our ratings reflect the financial strength of our business: “A” (Stable) from AM Best; “A-” (Stable) from S&P. In 2023, we had net earnings of $118.2 million. Our holding company has assets in excess of $1,837.9 million, as at 31 December 2023
