Insurance Professional Apprenticeship
About this opportunity
Insurance is an incredibly diverse marketplace with a rich history of helping people and businesses assess the risks they could face. Willis Towers Watson are seeking an enthusiastic individual to join their Facilities Operations Team in Ipswich.
In this role, you will be responsible for ensuring each facility is set-up and compliant using current binder and MRC standards. Each facility must be reviewed to ensure it provides efficiencies upstream in the broking teams and downstream into operations, including claims and accounting.
Please apply for this role here:
https://wtw.taleo.net/careersection/wtw_external_campus/jobdetail.ftl?job=220003GT&lang=en&sns_id=mailto#.YpEAV0v1fbQ.mailto
You will provide operational support for the renewal and ongoing management of facilities including:
• The setup and renewal of master facilities to current market standards
• Ensuring the facility and markets are set up in the Eclipse operating system
• Supporting business units in the development of business cases for new and renewing facilities
• Overseeing preparation of premium and risk written bordereaux
• Using external systems such as Lloyds Delegated Contract and Oversight Manager and Delegated Data Manager as necessary
• Administration of mid-term adjustments to market standards
• Preparation of management information for governance group, business units and carriers
• Maintenance of facilities catalogue and tracker
• Query resolution – internal and external parties
Further specific responsibilities and accountabilities include:
• Working closely with business units, provide guidance and advice on changes and developments impacting delegated authority contracts and MRC line slips
• Conduct technical pre-screening checks to gauge and improve efficiencies of new and renewing facilities prior to formal governance group review
• Collate information to support business case development for new and renewing facilities for business units
• Providing latest version of draft Binding Authority Agreement / Cover holder Appointment Agreement (BAA/CAA) / Line Slip MRC wordings to business units
• Ensuring all aspects of the facility set-up process are adhered to and Eclipse operating system is completed correctly
• Final review of marketed BAA/CAA / Line Slips
• Registration of the facility on internal and external registers
• Collation of information required to support mid-term adjustments and preparation of endorsements for the market agreement by the business unit
• Ensure creation and submission of risk written and premium bordereaux as per contract
• Provision of quarterly management information regarding facility performance for carriers in our insurer MI packs
• Liaison with 3rd party cover holders (where appropriate) to ensure effective set-up and management of the facility
• Resolution of facilities related queries with internal stakeholders, wider WTW, carriers and auditors
How you will be supported
Full training and support will be provided by our expert training and assessment staff at The Growth Company.
What will happen next
New applicants to The Growth Company who meet any basic entry requirements of the role will be contacted within two working days to be invited to meet a member of our team. You will then have the opportunity to find out:
• More about this vacancy and any others you are suitable for
• Any training you need to complete
• What the next steps will be
What you should have to apply
• GCSE Maths and English A*-C/9-4
• 3 A-Levels or equivalent qualifications
Personal Qualities
• Self-motivated and ambitious
• Excellent communication and interpersonal skills
Skills
• Able to deal professionally with internal and external contacts
• Excellent client focus
• Ability to analyse situations and provide recommendations
• Excellent organisational skills and the ability to work to deadlines
• Keen eye for detail
• Proficient MS Word and an understanding of MS Excel would be advantageous
• Intermediate knowledge of data analysis
• Good presentation skills
Location
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