Administrative Assistant Insurance and Finance Industry

Our Fortune 500 client is seeking an Excel guru who has insurance / reinsurance experience. The perfect candidate MUST have knowledge in formulas, pivot tables, v look up, import export data from excel, Knowledge of insurance / reinsurance concepts and terms for developing submissions, reviewing contract wordings, and reinsurance experience. This is an excellent opportunity!!

Responsibilities will include :

Placement Support

• Review client data submitted during the placement / renewal process and update annual renewal exhibits as requested.
• Set up / renew program, create submission, select approved markets, send submissions, download quotes, send FOTs, download authorizations / declinations, send signed lines, finalize in GCMP making sure all information is accurately reflected.
• Track placement status of assigned accounts. Follow-up with broker for updates and information as necessary.
• Communicate with client and / or markets during the placement process as requested.
• In the absence of the broker, act as a liaison with reinsurers through phone calls and emails to obtain following lines on a placement and respond to routine questions.
• Using Company templates and disclaimers, when applicable, draft and secure broker sign off of the initial request for renewal information, marketing list, placement process updates, final binding of the reinsurance program and postplacement client books / communications, as requested.
• Provide the broker with assistance including researching financial statements, product lines, geographic exposures, and current reinsurance program. information using available resources as required.
• Interface with other Departments to provide client data to be used for modeling, research claim or premium issues and facilitate contract wording negotiation flow as necessary.
• Coordinate the research, processing and resolution of difficult and complex client issues (i.e., accounting, claims, LOC, and contract wordings) including follow up and final resolution and provide information to brokers, as necessary.
• Review, package and transmit contract documents to Reinsurers according to procedure, upon instructions from Contract Analyst / Associate.
• Assist Contract drafters by having primary responsibility for obtaining properly signed contract documents from reinsurers and aggressively pursuing by phone, e-mail, letter, etc., until all executed documents have been received. Escalate in accordance with procedure and input contract status data on the document tracking system as required.
• Provide status reports according to procedure and upon request.
• Scan / upload and name all contract documents as received from reinsurers, Clients and / or Analysts / Associates and transmit completed signatures.
• Utilize Contracts Dashboard and / other legacy tracking tools to manage contract performance.
• Assist with scheduling of reinsurer audits and visits with client, attending if requested.

Business Knowledge

Compliance and Regulatory Review

Client Services

Other

Qualifications

Education :

Experience :

Knowledge and skills :

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