We are seeking a candidate with strong knowledge of the Lloyd's of London Insurance Market and hands-on experience in Premium Booking and Endorsement Processing. The candidate will be responsible for accurate premium processing, interpreting insurance documentation, and supporting team knowledge calibration and audit activities.
Lloyd's of London Syndicate Operations
- London Market Insurance
- UK Commercial Insurance
- Premium Processing and Policy Administration
- Solid understanding of the Lloyd's of London Insurance Market.
- Excellent MRC reading and interpretation skills.
- Hands-on experience in Premium Booking and Endorsement Processing.
- Good knowledge of UK Insurance market functions, mechanisms, and workflows.
- Understanding of the end-to-end insurance processing cycle.
- Familiarity with underwriting and policy documentation
Responsibilities
- Process and book premiums accurately in line with Lloyd's market guidelines and company procedures.
- Review and interpret MRC (Market Reform Contract) documents and related insurance documentation.
- Handle endorsement booking and policy amendments with high accuracy.
- Understand and execute activities across the complete UK Insurance Lifecycle, including:
- New Business
- Endorsements
- Renewals
- Cancellations
- Premium Adjustments
- Ensure compliance with Lloyd's and London Market standards.
- Perform quality checks and assist in resolving processing discrepancies.
- Support audit requirements by providing documentation, explanations, and process clarifications.
- Assist team members with knowledge sharing, process training, and calibration sessions.
- Maintain productivity and quality standards while meeting turnaround time targets.
Qualifications
- Graduate in any discipline.
- Prior experience in Lloyd's Syndicate Operations, Premium Processing, or Insurance Back-office Operations will be preferred.
Preferred Domain Experience
- Lloyd's of London Syndicate Operations
- London Market Insurance
- UK Commercial Insurance
- Premium Processing and Policy Administration
📌 Senior Associate (Pune)
🏢 EXL
📍 Pune
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