- Posted 31 May 2024
- Salary£40000.00 - £60000.00 per annum
- LocationLondon
- Job type Permanent
- DisciplineGeneral Insurance
- Expiry 08 September 2024
- Reference41880_1717151245
Account Executive - Captives
Job description
An outstanding opportunity to work for a leading captive management insurance business. You will be responsible for:
- Assist in the day-to-day management of underwriting and claims reviews, recording and reporting. This will involve working closely with management and assisting them as and when necessary, the aim of which is to always deliver an exceptional standard of client service
- Monitor renewal deadlines for allocated clients and be proactive in starting renewal process
- Review of (re)insurance documentation to ensure it aligns with the agreed terms and conditions, ensuring all control forms and checklists have been correctly completed and authorised
- Reviewing and analysing premiums, monthly claims information and quota share bordereaux reports received from (re)insurance brokers
- Regular review and reporting of underwriting and claims information to the team, clients, and Board members. This will include the preparation of trackers, executive summaries, and Board packs with presentation to client and Board members at meetings where required
- Working closely with the Finance and Treasury teams to assist with producing monthly accounting information.
- Liaison with auditors and other third parties as necessary to ensure audit reviews and year-end accounts are signed off in a timely manner
- Ensure that all Company and client deadlines in respect of insurance administration, underwriting and claims are met, within the requisite procedures and practices and to the agreed service levels
- Corresponding professionally with external parties such as clients, brokers, lawyers, actuaries, auditors, banks, investment managers and insurance/reinsurance companies
- Actively assist in the development and ongoing training/education of staff working within the underwriting and claims team. Delegating tasks to other team members as appropriate
- Following the office procedures manual and client specific procedure manuals
- Completing or assisting in completing in any other ad hoc projects or work as assigned by the management team, delivering to any set timescale agreed
Business Development
- Develop quality visual and oral presentations using PowerPoint and other IT tools
- Coordinate RFP responses and new business opportunities
- Prepare on-boarding documentation and register on internal systems supporting Risk and Compliance colleagues
- Ensure external communications are impactful and on brand
- Work with Business Development Lead to develop a LinkedIn profile and protect their network to ensure we have maximum external visibility
- Develop and maintain the existing databases, for accurate reporting and timely communication, ensuring Client Service Executives proactively follow up with prospects
- Conduct market research and accurately maintain Company website
- Organise all BD related events and support BD reporting
Skills and experience that will lead to success.
- Confidence to make presentations to peers, clients, and prospects
- Excellent knowledge of Microsoft Word, PowerPoint, and Excel
- Commitment to continuous personal development
- Willingness to travel
- Previous experience in the captive insurance or reinsurance industry is desirable
- Knowledge of marketing and business development is desirable
- The candidate should be working towards an ACII qualification and have general insurance experience. On-the-job training will be provided and any studies towards ACII and other relevant qualifications as agreed will be supported
Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy.
Our Diversity, Equity and Inclusion Mission
At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.
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