Broker Premium Lead

Location:

Dublin

Job Type:

Permanent / Full Time

Sector:

Insurance

Salary:

€55,000 - €65,000 DOE

ROLE DESCRIPTION
This role is a crucial component of the Technical Operations Team, with the primary responsibility of ensuring that all premiums are pursued, calculated, and recorded accurately and promptly.
 
Duties & Responsibilities
Bordereaux Management

  • Ensure the timely, accurate, and complete data entry into the system of record for all the Delegated Authority book of business, managing my client’s bordereaux, including reviewing bordereau information, following up with brokers for outstanding bordereaux (written and paid), and reconciling paid to written bordereaux.
  • Review and address errors and exceptions identified by the Bordereau Management Tool.
  • Manage final adjustments and account closing advices, checking against premium instalments, and addressing discrepancies by bringing them to the Underwriters’ attention or liaising directly with the broker as needed.
  • Reconcile and match Xchanging entries to policy and premium entries booked.
  • Provide support to the wider credit control function as required.
  • Review acquisition costs for differences between expected and received

Premium Review and Updates

  • Check and record all premium adjustments received, following up with brokers for overdue adjustments.
  • Check and record all reinstatement premiums, following up with brokers for overdue reinstatement adjustments.
  • Conduct statutory premium reserve reviews and ensure the release of retained reserves in line with policy terms and conditions.
  • Ensure timely receipt of Quota Share premium statements and chase brokers for any missing submissions.
  • Book all Aggregate Lineslip premiums in Prequel before month-end.
  • Review policies with a No Claims Bonus to identify any due returns and follow up with brokers accordingly.
  • Perform annual calculations of profit commissions according to policy terms and conditions, ensuring policies are updated, and following up with brokers for any return of profit commissions.
  • Resolve all unaccounted premiums on a monthly basis before month-end.
  • Coordinate the quarterly EPI review, ensuring all policies are reviewed and tracked in the EPI Review tool.
  • Review Lineslips with zero booked premium after expiry and follow up with brokers for confirmation of premiums.
  • Review policies with a Continuity Commission/bonus to identify any due returns and follow up with brokers accordingly.

 
Policy Reviews / Premium Status

  • Review all policies in line with premium slip conditions to ensure accurate booking of all premiums and capture of endorsements for expected premiums in the system. Follow up with brokers on any expected premiums not yet recorded.

 
Compliance Reporting

  • Assist in preparing compliance reports as requested by the Compliance team.
  • Ensure early identification and submission of Compliance reports to prevent late filings of Statutory reporting.

 
IPT Returns

  • Prepare IPT returns submitted to Fiscal Representatives.
  • Ensure all checklist items are reviewed and monitored, maintaining required data levels for audit trail purposes.
  • Resolve queries from the Regulatory Reporting Team or Fiscal Representatives promptly.
  • Submit all IPT returns before the required deadlines.
  • Perform data quality checks to ensure correct inclusion of IPT rates and provide detailed data breakdowns as required.
  • Report negative amounts in compliance with relevant country rules.
  • Import agreed paid IPT items into the Credit Control system and collaborate with the Credit Control team to ensure proper allocation.
  • Keep all IPT process documentation updated with any process changes.

 
Audits

  • Support internal and external audit reviews, ensuring timely delivery of all requirements.

 
Data Quality Initiatives

  • Support Operations Data Quality Initiatives.

 
Minimum Qualifications, Skills & Experience

  • Minimum of 3 years of experience in an Operations team with a focus on Premium Management.
  • Practical understanding of Underwriting and policy administration systems.
  • Basic competency in MS Office applications: Word and Adobe Standard required.
  • Advanced Outlook and Excel skills.
  • Demonstrated ability to quickly master new concepts and take initiative in personal development.
  • Ability to build relationships with key stakeholders both internally and externally.
  • Must be able to self-lead and work effectively both independently and with teams.
  • Demonstrated ability to deliver accurate, detail-oriented work within tight deadlines.

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