Associate - Treaty Reinsurance

at  McGill and Partners

About McGill
Complex placements in a rapidly changing market need true expertise combined with a fresh perspective. That is the driving force behind the creation of McGill and Partners, a new boutique specialist (re)insurance broker.
We believe that an open, aligned and progressive insurance market benefits everyone. Our role as brokers is to create specialist transactions to manage risk, while delivering economic flexibility and stability for our clients.
We deliver market defining risk solutions to a select group of clients. We are proud to be discerning. In the clients we work for, the partners we work with and the talent who drive us forward.
McGill and Partners
Role Profile – Associate - Treaty Reinsurance

Responsibilities: This role will fully support the end to end broking process; working in partnership with Client Advocates in the placement of (re)insurance placements, involving communication with both clients and (re)insurers (in London and international markets).

• Collect and analyse data necessary for the preparation of quarterly treaty cession statements for presentation to markets.
• Account reconciliation of funds due to/from markets and clients and ensure prompt payment.
• Support Client Advocates with the resolution of queries received from clients and (re)insurers – liaising with colleagues across the business and clients as necessary.
• Generate and review contractual documentation (including slips, endorsements and evidence of cover).
• Ensure processes are followed as set out within the company’s Operations manual, including:
• Review market security information on carriers, checking compliance and financial positions
• Support creation of slips / endorsements
• Checking files to ensure all information is present and accurate
• Ensure contract records are accurately maintained within Whitespace
• Generate and issue evidence of cover, debit notes and closing instructions
• Responsible for first line interactions with outsource providers.
• Review and interrogate (re)insurance contracts to facilitate billing within agreed timescales
• Acts in line with the McGill and Partners Strengths.
• Actively understand and comply with McGill and Partners regulatory, risk management framework and operational requirements through ensuring processes and policies are fully observed.

Skills and Experience:

• Strong technical (re)insurance knowledge
• Ability to develop and maintain relationships within the organisation and externally
• Ability to prioritise workload, follow through on tasks / projects and meet deadlines.
• Good interpersonal and strong communication skills.
• Work in accordance with McGill and Partners operational and risk framework and compliance with McGill and Partners policies.
• Must be proficient in Microsoft Office

Culture & Conduct:

• Role model the Firm’s desired behaviours, values and culture.
• Ensure actions and behaviours are in line with the FCA Conduct Rules.

McGill and Partners embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We want to attract, retain and develop diverse talent at all levels. This means recruiting from the widest possible pool of talent, removing barriers that can prevent our people from reaching their full potential, and fostering a fully inclusive environment which maximises collaboration and empowers everyone at McGill and Partners to bring their whole selves to work.

• Collect and analyse data necessary for the preparation of quarterly treaty cession statements for presentation to markets.
• Account reconciliation of funds due to/from markets and clients and ensure prompt payment.
• Support Client Advocates with the resolution of queries received from clients and (re)insurers – liaising with colleagues across the business and clients as necessary.
• Generate and review contractual documentation (including slips, endorsements and evidence of cover).
• Ensure processes are followed as set out within the company’s Operations manual, including:
• Review market security information on carriers, checking compliance and financial positions
• Support creation of slips / endorsements
• Checking files to ensure all information is present and accurate
• Ensure contract records are accurately maintained within Whitespace
• Generate and issue evidence of cover, debit notes and closing instructions
• Responsible for first line interactions with outsource providers.
• Review and interrogate (re)insurance contracts to facilitate billing within agreed timescales
• Acts in line with the McGill and Partners Strengths.
• Actively understand and comply with McGill and Partners regulatory, risk management framework and operational requirements through ensuring processes and policies are fully observed